Newmont Corporation (NEM)

Newmont Stock Forecast

Stock Price Forecast

The 15 analysts with 12-month price forecasts for Newmont stock have an average target of 48.33, with a low estimate of 38 and a high estimate of 61. The average target predicts an increase of 15.87% from the current stock price of 41.71.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$38	$48.33	$48	$61
Change	-8.89%	+15.87%	+15.08%	+46.25%

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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	4	4	2	2	4	4
Buy	4	4	4	4	4	4
Hold	6	6	6	7	7	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	14	14	12	13	15	15

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Michael Jalonen B of A Securities	B of A Securities	Strong Buy Maintains $49 → $50	Strong Buy	Maintains	$49 → $50	+19.88%	Jun 26, 2024
Daniel Major UBS	UBS	Hold → Strong Buy Upgrades $40 → $50	Hold → Strong Buy	Upgrades	$40 → $50	+19.88%	Jun 17, 2024
Tanya Jakusconek Scotiabank	Scotiabank	Hold Maintains $47 → $48	Hold	Maintains	$47 → $48	+15.08%	May 23, 2024
Bob Brackett Bernstein	Bernstein	Hold Maintains $46 → $45	Hold	Maintains	$46 → $45	+7.89%	May 16, 2024
Jackie Przybylowski BMO Capital	BMO Capital	Buy Maintains $56 → $54	Buy	Maintains	$56 → $54	+29.47%	May 2, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

17.47B

Increased by 47.93%

from 11.81B

Revenue Next Year

18.76B

Increased by 7.35%

from 17.47B

EPS This Year

2.59

from -2.97

EPS Next Year

3.17

Increased by 22.51%

from 2.59

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	9.74B	11.50B	12.22B	11.92B	11.81B	17.47B	18.76B	18.53B	20.35B	18.36B
Revenue Growth	34.29%	18.04%	6.31%	-2.51%	-0.86%	47.93%	7.35%	-1.19%	9.80%	-9.76%
EPS	3.81	3.51	1.46	-0.54	-2.97	2.59	3.17	3.16	3.61	2.99
EPS Growth	495.31%	-7.87%	-58.40%	-	-	-	22.51%	-0.48%	14.24%	-17.19%
Forward PE	-	-	-	-	-	16.10	13.15	13.21	11.56	13.96
No. Analysts	-	-	-	-	-	23	23	15	5	4

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	19.4B	23.6B	26.0B	25.1B	20.7B
Avg	17.5B	18.8B	18.5B	20.4B	18.4B
Low	15.6B	14.4B	13.5B	16.6B	16.3B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	64.6%	35.0%	38.7%	35.5%	1.6%
Avg	47.9%	7.3%	-1.2%	9.8%	-9.8%
Low	32.5%	-17.9%	-27.8%	-10.4%	-19.7%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	3.44	4.86	5.70	5.31	3.37
Avg	2.59	3.17	3.16	3.61	2.99
Low	1.80	1.71	1.45	2.93	2.57

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	-	87.8%	79.6%	68.1%	-6.6%
Avg	-	22.5%	-0.5%	14.2%	-17.2%
Low	-	-34.1%	-54.3%	-7.2%	-28.7%

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.