Newmont Corporation (NEM)
NYSE: NEM · Real-Time Price · USD
41.35
-0.22 (-0.53%)
At close: Jan 28, 2025, 4:00 PM
41.47
+0.12 (0.29%)
After-hours: Jan 28, 2025, 7:59 PM EST
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 29.58% from the current stock price of 41.35.
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 | Aug '24 | Sep '24 | Oct '24 | Nov '24 | Dec '24 | Jan '25 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 4 | 4 | 4 | 4 |
| Buy | 5 | 4 | 4 | 4 | 4 | 4 |
| Hold | 5 | 5 | 6 | 6 | 6 | 5 |
| Sell | 0 | 0 | 0 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15 | 14 | 14 | 15 | 15 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Hold Maintains $52 → $50 | Hold | Maintains | $52 → $50 | +20.92% | Jan 21, 2025 |
| 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 | +42.68% | 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 | +30.59% | Oct 30, 2024 |
Financial Forecast
Revenue This Year
18.42B
from 11.81B
Increased by 55.95%
Revenue Next Year
19.55B
from 18.42B
Increased by 6.15%
EPS This Year
3.18
from -2.97
EPS Next Year
4.04
from 3.18
Increased by 26.90%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 20.2B | 24.3B | 26.5B | ||
| Avg | 18.4B | 19.6B | 20.1B | ||
| Low | 17.4B | 17.3B | 17.5B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 71.1% | 31.9% | 35.7% | ||
| Avg | 56.0% | 6.2% | 2.9% | ||
| Low | 47.7% | -5.9% | -10.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.64 | 4.77 | 6.16 | ||
| Avg | 3.18 | 4.04 | 4.37 | ||
| Low | 2.89 | 3.12 | 2.95 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 49.9% | 52.7% | ||
| Avg | - | 26.9% | 8.3% | ||
| Low | - | -2.0% | -26.9% |
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.