Newmont Corporation (NEM)

Newmont Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for Newmont stock have an average target of 53.58, with a low estimate of 45 and a high estimate of 63. The average target predicts an increase of 10.84% from the current stock price of 48.34.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$45	$53.58	$54	$63
Change	-6.91%	+10.84%	+11.71%	+30.33%

* Price targets were last updated on Jan 21, 2025.

Analyst Ratings

The average analyst rating for Newmont stock from 14 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Oct '24	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25
Strong Buy	4	4	4	4	4	4
Buy	4	4	4	4	4	4
Hold	6	6	6	5	5	5
Sell	0	1	1	1	1	1
Strong Sell	0	0	0	0	0	0
Total	14	15	15	14	14	14

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tanya Jakusconek Scotiabank	Scotiabank	Hold Maintains $52 → $50	Hold	Maintains	$52 → $50	+3.43%	Jan 21, 2025
Baden Moore CLSA	CLSA	Sell Initiates n/a	Sell	Initiates	n/a	n/a	Nov 29, 2024
Brian MacArthur Raymond James	Raymond James	Buy Maintains $62 → $59	Buy	Maintains	$62 → $59	+22.05%	Nov 25, 2024
Al Harvey JP Morgan	JP Morgan	Hold → Buy Upgrades n/a	Hold → Buy	Upgrades	n/a	n/a	Nov 19, 2024
Daniel Major UBS	UBS	Strong Buy → Hold Downgrades $67 → $54	Strong Buy → Hold	Downgrades	$67 → $54	+11.71%	Oct 30, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

19.28B

Increased by 3.21%

from 18.68B

Revenue Next Year

19.20B

Decreased by -0.40%

from 19.28B

EPS This Year

3.95

Increased by 35.40%

from 2.92

EPS Next Year

4.31

Increased by 8.98%

from 3.95

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026	Dec 31, 2027
Revenue	11.50B	12.22B	11.92B	11.81B	18.68B	19.28B	19.20B	21.28B
Revenue Growth	18.04%	6.31%	-2.51%	-0.86%	58.16%	3.21%	-0.40%	10.83%
EPS	3.51	1.46	-0.54	-2.97	2.92	3.95	4.31	5.22
EPS Growth	-7.87%	-58.45%	-	-	-	35.40%	8.98%	21.25%
Forward PE	-	-	-	-	-	12.23	11.22	9.26
No. Analysts	-	-	-	-	-	21	16	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	21.0B	23.1B	23.6B
Avg	19.3B	19.2B	21.3B
Low	17.5B	16.5B	19.3B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	12.5%	19.6%	22.7%
Avg	3.2%	-0.4%	10.8%
Low	-6.3%	-14.4%	0.6%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	4.77	6.16	6.50
Avg	3.95	4.31	5.22
Low	3.12	2.95	4.42

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	63.3%	55.9%	50.9%
Avg	35.4%	9.0%	21.3%
Low	6.8%	-25.4%	2.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.