Newmont Corporation (NEM)
NYSE: NEM · Real-Time Price · USD
38.28
+1.26 (3.40%)
At close: Dec 20, 2024, 4:00 PM
38.40
+0.12 (0.31%)
After-hours: Dec 20, 2024, 7:58 PM EST
Newmont Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for Newmont stock have an average target of 54, with a low estimate of 45 and a high estimate of 63. The average target predicts an increase of 41.07% from the current stock price of 38.28.
Analyst Consensus: Buy
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 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 5 | 5 | 4 | 4 | 4 |
| Buy | 4 | 5 | 4 | 4 | 4 | 4 |
| Hold | 6 | 5 | 5 | 6 | 6 | 5 |
| Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 15 | 14 | 14 | 15 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| CLSA | CLSA | Sell Initiates n/a | Sell | Initiates | n/a | n/a | Nov 29, 2024 |
| Raymond James | Raymond James | Buy Maintains $62 → $59 | Buy | Maintains | $62 → $59 | +54.13% | Nov 25, 2024 |
| JP Morgan | JP Morgan | Hold → Buy Upgrades n/a | Hold → Buy | Upgrades | n/a | n/a | Nov 19, 2024 |
| UBS | UBS | Strong Buy → Hold Downgrades $67 → $54 | Strong Buy → Hold | Downgrades | $67 → $54 | +41.07% | Oct 30, 2024 |
| Raymond James | Raymond James | Buy Maintains $65 → $66 | Buy | Maintains | $65 → $66 | +72.41% | Oct 25, 2024 |
Financial Forecast
Revenue This Year
18.50B
from 11.81B
Increased by 56.65%
Revenue Next Year
19.64B
from 18.50B
Increased by 6.13%
EPS This Year
3.20
from -2.97
EPS Next Year
3.98
from 3.20
Increased by 24.31%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.8B | 24.3B | 26.5B | ||
| Avg | 18.5B | 19.6B | 19.8B | ||
| Low | 17.4B | 16.3B | 16.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 75.9% | 31.3% | 35.1% | ||
| Avg | 56.7% | 6.1% | 0.7% | ||
| Low | 47.7% | -11.7% | -17.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.63 | 4.96 | 6.16 | ||
| Avg | 3.20 | 3.98 | 4.18 | ||
| Low | 2.90 | 3.30 | 3.13 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 54.7% | 54.7% | ||
| Avg | - | 24.3% | 4.9% | ||
| Low | - | 3.1% | -21.5% |
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.