Newmont (NEM) Stock Forecast & Price Target

Q: What analysts cover Newmont?

Newmont has been rated by research analysts at Argus , Barclays , BMO Capital Markets , BNP Paribas Exane , Canaccord Genuity Group , Canadian Imperial Bank of Commerce , Citigroup , National Bank Financial , Raymond James Financial , Royal Bank Of Canada , Sanford C. Bernstein , Scotiabank , TD , and Weiss Ratings in the past 90 days.

$115.61 -1.54 (-1.31%)

Closing price 10/13/2026 03:59 PM Eastern

Extended Trading

$115.42 -0.19 (-0.16%)

As of 07:55 AM Eastern

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Newmont - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 24 Analyst Ratings

Sell
0

Hold
3

Buy
21

Based on 24 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 24 analysts, 3 have given a hold rating, 19 have given a buy rating, and 2 have given a strong buy rating for NEM.

Consensus Price Target

$134.26
16.13% Upside

According to the 24 analysts' twelve-month price targets for Newmont, the average price target is $134.26. The highest price target for NEM is $175.00, while the lowest price target for NEM is $102.00. The average price target represents a forecasted upside of 16.13% from the current price of $115.61.

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.

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NEM Analyst Ratings Over Time

Type	Current Forecast 10/14/25 to 10/14/26	1 Month Ago 9/14/25 to 9/14/26	3 Months Ago 7/16/25 to 7/16/26	1 Year Ago 10/14/24 to 10/14/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	2 Strong Buy rating(s)	3 Strong Buy rating(s)
Buy	19 Buy rating(s)	18 Buy rating(s)	18 Buy rating(s)	8 Buy rating(s)
Hold	3 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$134.26	$132.11	$136.26	$83.18
Forecasted Upside	16.13% Upside	7.40% Upside	50.02% Upside	-8.10% Downside
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.

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.

Newmont Stock vs. The Competition

Type	Newmont	Materials Companies	Broader Market
Consensus Rating Score	2.96	2.57	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	16.13% Upside	159.34% Upside	19.09% Upside
News Sentiment Rating	Positive News See Recent NEM News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Upside/Downside

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
10/2/2026	Weiss Ratings 3 of 5 stars		Upgrade	Hold (C+) ➝ Buy (B-)
9/29/2026	BMO Capital Markets 3 of 5 stars	Jackie Przybylowski 3 of 5 stars	Boost Target	Outperform	$135.00 ➝ $145.00	+23.83%
9/21/2026	National Bank Financial 4 of 5 stars	Shane Nagle Not Rated	Boost Target	Sector Perform	$120.00 ➝ $140.00	+13.30%
9/16/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access to unlock brokerage rankings	Josh Wolfson Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$135.00 ➝ $155.00	+27.06%
9/9/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access to unlock brokerage rankings	Bob Brackett Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Outperform	$147.00 ➝ $144.00	+13.14%
8/24/2026	Raymond James Financial Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Outperform	$140.00	+6.90%
8/14/2026	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access to unlock brokerage rankings	Anita Soni Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$170.00	+44.27%
8/12/2026	Scotiabank Subscribe to MarketBeat All Access to unlock brokerage rankings	Tanya Jakusconek Subscribe to MarketBeat All Access to unlock analyst rankings	Boost Target	Outperform	$147.00 ➝ $149.00	+25.01%
8/12/2026	TD Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Buy	$127.00 ➝ $133.00	+12.40%
8/3/2026	Argus Subscribe to MarketBeat All Access to unlock brokerage rankings	Alexandra Yates Subscribe to MarketBeat All Access to unlock analyst rankings	Set Target		$110.00	+16.10%
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7/28/2026	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	Richard Garchitorena Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Overweight	$125.00 ➝ $124.00	+32.69%
7/23/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Buy	$160.00 ➝ $130.00	+42.19%
7/21/2026	BNP Paribas Exane Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Neutral	$111.00 ➝ $102.00	+11.57%
7/20/2026	Citigroup Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Buy	$150.00 ➝ $125.00	+36.73%
7/14/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Strong-Buy ➝ Hold
7/14/2026	TD Securities Subscribe to MarketBeat All Access to unlock brokerage rankings	Steven Green Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Hold ➝ Strong-Buy
7/9/2026	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings	Michael Jalonen Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$157.00 ➝ $132.00	+41.63%
7/6/2026	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Fahad Tariq Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$158.00 ➝ $146.00	+50.59%
7/1/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Buy	$122.50 ➝ $111.40	+17.29%
6/30/2026	UBS Group Subscribe to MarketBeat All Access to unlock brokerage rankings	Daniel Major Subscribe to MarketBeat All Access to unlock analyst rankings	Lower Target	Buy	$140.00 ➝ $120.00	+29.78%
6/15/2026	Macquarie Infrastructure Subscribe to MarketBeat All Access to unlock brokerage rankings		Lower Target	Outperform	$133.00 ➝ $123.00	+15.48%
4/27/2026	TD Cowen Subscribe to MarketBeat All Access to unlock brokerage rankings		Reiterated Rating	Buy
2/10/2026	Stifel Nicolaus Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target	Buy	$120.00 ➝ $175.00	+45.23%
1/19/2026	DZ Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Strong-Buy
4/25/2025	Cfra Subscribe to MarketBeat All Access to unlock brokerage rankings	M. Miller Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Strong-Buy
11/29/2024	CLSA Subscribe to MarketBeat All Access to unlock brokerage rankings	B. Moore Subscribe to MarketBeat All Access to unlock analyst rankings	Initiated Coverage	Underperform
11/19/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Neutral ➝ Overweight
11/11/2024	Bernstein Bank Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target		$55.00 ➝ $58.00	+36.28%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 07:58 AM 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 Thursday, October 8, 2026. Please send any questions or comments about these Newmont pros and cons to contact@marketbeat.com.

Newmont
Bull Case

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

Newmont Co. recently reported strong earnings for the quarter ended July 23, 2026, with actual earnings per share of $2.10, which exceeded the consensus estimate of $2.05, demonstrating the company's ability to outperform market expectations and generate robust profits for shareholders.
The stock currently trades at $115.46, which is significantly below the consensus price target of $133.78 set by analysts as of September 29, 2026, suggesting that the market may be undervaluing the company relative to its projected future performance and offering potential upside for investors.
Wall Street analysts maintain a "Moderate Buy" consensus rating for Newmont Co., with recent actions including Scotiabank raising its price target to $149.00 and BMO increasing its target to $145.00 in October 2026, indicating strong institutional confidence in the company's long-term growth trajectory.
Newmont Co. maintains a low beta of 0.51, meaning the stock is less volatile than the overall market, which can provide a stabilizing effect on a diversified portfolio during periods of broader market turbulence or economic uncertainty.
The company offers a dividend yield of 0.89% with a low payout ratio of 13.13%, indicating that Newmont Co. has ample free cash flow to sustain its dividend payments while retaining capital for future growth initiatives and operational improvements.

Newmont
Bear Case

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

Insider selling activity has been consistent, with CEO Natascha Viljoen and EVP Peter Toth executing multiple share sales in late 2026, including transactions in August and October, which may signal that company executives are taking advantage of current price levels to reduce their personal holdings.
Newmont Co. recently sold its Northumberland Gold Project in Nevada to StrikePoint Gold Inc. for $70 million, a move that reduces the company's asset base and future production potential in a key region, potentially limiting long-term growth opportunities from that specific asset.
The stock price of $115.46 is below its 50-day moving average of $119.95, suggesting that short-term momentum has weakened and the stock may be facing downward pressure as it pulls back from its recent 52-week high of $135.29.
Revenue for the most recent quarter was $6.12 billion, which fell short of the analyst consensus estimate of $6.35 billion, indicating that while earnings were strong, the top-line growth may not be meeting the higher expectations set by the market for the company's sales performance.

NEM Forecast - Frequently Asked Questions

According to the research reports of 24 Wall Street equities research analysts, the average twelve-month stock price forecast for Newmont is $134.26, with a high forecast of $175.00 and a low forecast of $102.00.

24 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Newmont in the last twelve months. There are currently 3 hold ratings, 19 buy ratings and 2 strong buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" NEM shares.

According to analysts, Newmont's stock has a predicted upside of 16.13% 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 Argus, Barclays, BMO Capital Markets, BNP Paribas Exane, Canaccord Genuity Group, Canadian Imperial Bank of Commerce, Citigroup, National Bank Financial, Raymond James Financial, Royal Bank Of Canada, Sanford C. Bernstein, Scotiabank, TD, and Weiss Ratings in the past 90 days.

Analysts like Newmont more than other "materials" companies. The consensus rating score for Newmont is 2.96 while the average consensus rating score for "materials" companies is 2.57. Learn more on how NEM compares to other companies.

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MarketBeat monitors more than a dozen sources for Newmont analyst ratings, with the most recent rating issued on 10/2/2026.

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Newmont (NEM) Stock Forecast & Price Target