Newmont Corporation (NEM)
NYSE: NEM · Real-Time Price · USD
50.34
-1.59 (-3.06%)
Sep 6, 2024, 4:00 PM EDT - Market closed
Newmont Stock Forecast
Stock Price Forecast
The 15 analysts with 12-month price forecasts for Newmont stock have an average target of 50.07, with a low estimate of 38 and a high estimate of 61. The average target predicts a decrease of -0.54% from the current stock price of 50.34.
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 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 2 | 2 | 4 | 4 | 5 |
| Buy | 4 | 4 | 4 | 4 | 4 | 5 |
| Hold | 6 | 6 | 7 | 7 | 6 | 5 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 12 | 13 | 15 | 14 | 15 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Argus Research | Argus Research | Hold → Strong Buy Upgrades $58 | Hold → Strong Buy | Upgrades | $58 | +15.22% | Aug 29, 2024 |
| Scotiabank | Scotiabank | Hold → Buy Upgrades $48 → $59 | Hold → Buy | Upgrades | $48 → $59 | +17.20% | Aug 19, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $56 → $57 | Buy | Maintains | $56 → $57 | +13.23% | Jul 25, 2024 |
| Jefferies | Jefferies | Strong Buy Maintains $50 → $54 | Strong Buy | Maintains | $50 → $54 | +7.27% | Jul 12, 2024 |
| CIBC | CIBC | Hold → Buy Upgrades $46 → $61 | Hold → Buy | Upgrades | $46 → $61 | +21.18% | Jul 10, 2024 |
Financial Forecast
Revenue This Year
18.18B
from 11.81B
Increased by 53.92%
Revenue Next Year
20.00B
from 18.18B
Increased by 9.99%
EPS This Year
3.03
from -2.97
EPS Next Year
3.79
from 3.03
Increased by 25.25%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 19.7B | 24.4B | 27.6B | ||
| Avg | 18.2B | 20.0B | 20.0B | ||
| Low | 16.9B | 14.7B | 13.8B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 66.7% | 34.2% | 38.1% | ||
| Avg | 53.9% | 10.0% | -0.1% | ||
| Low | 42.8% | -19.4% | -31.0% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 3.63 | 5.91 | 6.35 | ||
| Avg | 3.03 | 3.79 | 4.04 | ||
| Low | 2.67 | 2.27 | 1.74 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 95.1% | 67.3% | ||
| Avg | - | 25.2% | 6.6% | ||
| Low | - | -25.0% | -54.0% |
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.