Newmont Corporation (NEM)
NYSE: NEM · Real-Time Price · USD
42.99
-0.19 (-0.44%)
At close: Nov 20, 2024, 4:00 PM
43.21
+0.22 (0.51%)
Pre-market: Nov 21, 2024, 5:29 AM EST
Newmont Stock Forecast
Stock Price Forecast
The 14 analysts with 12-month price forecasts for Newmont stock have an average target of 52.86, with a low estimate of 40 and a high estimate of 66. The average target predicts an increase of 22.96% from the current stock price of 42.99.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Newmont stock from 15 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 | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 5 | 5 | 4 | 4 |
| Buy | 4 | 4 | 5 | 4 | 4 | 5 |
| Hold | 7 | 6 | 5 | 5 | 6 | 6 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 14 | 15 | 14 | 14 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| 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 | +25.61% | Oct 30, 2024 |
| Raymond James | Raymond James | Buy Maintains $65 → $66 | Buy | Maintains | $65 → $66 | +53.52% | Oct 25, 2024 |
| Scotiabank | Scotiabank | Buy → Hold Downgrades $59 → $55 | Buy → Hold | Downgrades | $59 → $55 | +27.94% | Oct 25, 2024 |
| RBC Capital | RBC Capital | Hold Maintains $54 → $53 | Hold | Maintains | $54 → $53 | +23.28% | Oct 24, 2024 |
Financial Forecast
Revenue This Year
18.44B
from 11.81B
Increased by 56.10%
Revenue Next Year
19.50B
from 18.44B
Increased by 5.76%
EPS This Year
3.18
from -2.97
EPS Next Year
3.87
from 3.18
Increased by 21.65%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.8B | 23.4B | 25.3B | ||
| Avg | 18.4B | 19.5B | 19.5B | ||
| Low | 16.9B | 16.3B | 14.9B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 75.9% | 26.8% | 29.9% | ||
| Avg | 56.1% | 5.8% | -0.2% | ||
| Low | 43.5% | -11.7% | -23.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.46 | 4.96 | 5.62 | ||
| Avg | 3.18 | 3.87 | 4.16 | ||
| Low | 2.88 | 2.31 | 2.05 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 55.7% | 45.1% | ||
| Avg | - | 21.6% | 7.3% | ||
| Low | - | -27.3% | -47.1% |
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.