Newmont (NEM) Stock Forecast & Price Target

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$46.61 -1.14 (-2.39%)
Closing price 02/14/2025 03:59 PM Eastern
Extended Trading
$46.66 +0.05 (+0.11%)
As of 02/14/2025 07:58 PM Eastern
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Newmont - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
1
Hold
7
Buy
10

Based on 18 Wall Street analysts who have issued ratings for Newmont in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 1 has given a sell rating, 7 have given a hold rating, 8 have given a buy rating, and 2 have given a strong buy rating for NEM.

Consensus Price Target

$53.37
14.51% Upside
According to the 18 analysts' twelve-month price targets for Newmont, the average price target is $53.37. The highest price target for NEM is $63.00, while the lowest price target for NEM is $45.00. The average price target represents a forecasted upside of 14.51% from the current price of $46.61.
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NEM Analyst Ratings Over Time

TypeCurrent Forecast
2/16/24 to 2/15/25
1 Month Ago
1/17/24 to 1/16/25
3 Months Ago
11/18/23 to 11/17/24
1 Year Ago
2/16/23 to 2/16/24
Strong Buy
2 Strong Buy rating(s)
2 Strong Buy rating(s)
2 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
7 Buy rating(s)
10 Buy rating(s)
Hold
7 Hold rating(s)
7 Hold rating(s)
8 Hold rating(s)
5 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$53.37$53.80$54.14$51.59
Forecasted Upside14.51% Upside29.11% Upside32.28% Upside54.34% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

NEM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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NEM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Newmont Stock vs. The Competition

TypeNewmontBasic Materials CompaniesS&P 500
Consensus Rating Score
2.61
2.76
2.53
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside14.51% Upside141.26% Upside13.61% Upside
News Sentiment Rating
Neutral News

See Recent NEM News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/11/2025Royal Bank of Canada
4 of 5 stars
 Boost TargetSector Perform$47.00 ➝ $52.00+13.72%
1/21/2025Scotiabank
5 of 5 stars
T. Jakusconek
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Lower TargetSector Perform ➝ Sector Perform$52.00 ➝ $50.00+17.74%
1/13/2025The Goldman Sachs Group
2 of 5 stars
H. Nicolaci
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Initiated CoverageBuy$47.20+20.75%
11/29/2024CLSA
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B. Moore
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Initiated CoverageUnderperform
11/25/2024Raymond James
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 Lower TargetOutperform ➝ Outperform$62.00 ➝ $59.00+40.04%
11/19/2024JPMorgan Chase & Co.
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 UpgradeNeutral ➝ Overweight
11/11/2024Bernstein Bank
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 Boost Target$55.00 ➝ $58.00+36.28%
10/30/2024UBS Group
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D. Major
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DowngradeBuy ➝ Neutral$67.00 ➝ $54.00+12.97%
10/28/2024Cibc World Mkts
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A. Soni
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DowngradeStrong-Buy ➝ Hold
10/28/2024CIBC
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 DowngradeSector Outperform ➝ Neutral
10/4/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$54.00 ➝ $63.00+18.40%
9/30/2024Veritas
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M. Pradier
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UpgradeStrong-Buy
8/29/2024Argus
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W. Selesky
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UpgradeHold ➝ Buy$58.00+11.90%
7/25/2024BMO Capital Markets
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 Boost TargetOutperform ➝ Outperform$56.00 ➝ $57.00+23.70%
6/26/2024Bank of America
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 Boost TargetBuy ➝ Buy$49.00 ➝ $50.00+20.54%
6/21/2024BNP Paribas
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A. Spence
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UpgradeStrong-Buy
5/16/2024Sanford C. Bernstein
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 Lower TargetMarket Perform ➝ Market Perform$46.00 ➝ $45.00+4.51%
4/30/2024National Bank Financial
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M. Parkin
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DowngradeOutperform Overweight ➝ Sector Perform Overweight
4/26/2024TD Securities
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 Boost TargetHold ➝ Hold$43.00 ➝ $48.00+12.81%
4/4/2024Citigroup
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 Lower TargetBuy ➝ Buy$60.00 ➝ $45.00+19.36%
11/21/2023Macquarie
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 Initiated CoverageOutperform$45.00+23.09%
7/24/2023Canaccord Genuity Group
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 Lower TargetBuy$63.00 ➝ $57.00+31.67%
7/7/2023Barclays
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 UpgradeEqual Weight ➝ Overweight$62.00 ➝ $61.00+46.83%
3/7/2023Fundamental Research
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 Set TargetBuy$51.92+21.91%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:23 PM ET.


Should I Buy Newmont Stock? NEM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, February 8, 2025. Please send any questions or comments about these Newmont pros and cons to contact@marketbeat.com.

Newmont
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Newmont Co.:

  • The current stock price is $45.01, which reflects a recent increase, indicating positive market sentiment and potential for further growth.
  • Newmont Co. has a strong market capitalization of $51.24 billion, suggesting stability and the ability to invest in growth opportunities.
  • Analysts have given the stock an average rating of "Moderate Buy" with a price target of $53.44, indicating potential upside for investors.
  • Insider trading activity shows confidence in the company, with a director recently acquiring 9,498 shares at an average price of $42.15, representing a significant increase in their ownership.
  • The company has a solid financial position, with a current ratio of 1.96, indicating it can cover its short-term liabilities comfortably.

Newmont
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Newmont Co. for these reasons:

  • Recent downgrades from analysts, including a shift from "strong-buy" to "hold," may signal caution regarding the stock's future performance.
  • The company has experienced insider selling, with executives selling a total of 28,154 shares worth over $1.1 million, which could indicate a lack of confidence in the stock's near-term prospects.
  • Newmont Co. has a negative P/E ratio of -29.60, which suggests that the company is currently not profitable, raising concerns for potential investors.
  • Market volatility and fluctuations in commodity prices, particularly gold, can significantly impact Newmont's revenue and stock performance.
  • With a debt-to-equity ratio of 0.30, while relatively low, any increase in debt could affect the company's financial stability and investor confidence.

NEM Forecast - Frequently Asked Questions

According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for Newmont is $53.37, with a high forecast of $63.00 and a low forecast of $45.00.

18 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last twelve months. There is currently 1 sell rating, 7 hold ratings, 8 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" NEM shares.

According to analysts, Newmont's stock has a predicted upside of 14.51% based on their 12-month stock forecasts.

Over the previous 90 days, Newmont's stock had 1 upgrade by analysts.

Newmont has been rated by research analysts at CLSA, JPMorgan Chase & Co., Raymond James, Royal Bank of Canada, Scotiabank, and The Goldman Sachs Group in the past 90 days.

Analysts like Newmont less than other "basic materials" companies. The consensus rating score for Newmont is 2.61 while the average consensus rating score for "basic materials" companies is 2.76. Learn more on how NEM compares to other companies.


This page (NYSE:NEM) was last updated on 2/15/2025 by MarketBeat.com Staff
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