Newmont (NEM) Stock Forecast & Price Target

Q: What analysts cover Newmont?

Newmont has been rated by research analysts at Argus , Bank of America , Barclays , BNP Paribas Exane , Canaccord Genuity Group , Canadian Imperial Bank of Commerce , Citigroup , Jefferies Financial Group , National Bank Financial , Raymond James Financial , Royal Bank Of Canada , Sanford C. Bernstein , Scotiabank , TD , TD Securities , The Goldman Sachs Group , UBS Group , Weiss Ratings , and Zacks Research in the past 90 days.

$121.25 -2.30 (-1.86%)

Closing price 09/24/2026 03:59 PM Eastern

Extended Trading

$122.15 +0.90 (+0.74%)

As of 05:08 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
4

Buy
20

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, 4 have given a hold rating, 18 have given a buy rating, and 2 have given a strong buy rating for NEM.

Consensus Price Target

$133.78
10.34% Upside

According to the 24 analysts' twelve-month price targets for Newmont, the average price target is $133.78. 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 10.34% from the current price of $121.25.

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 9/25/25 to 9/25/26	1 Month Ago 8/26/25 to 8/26/26	3 Months Ago 6/27/25 to 6/27/26	1 Year Ago 9/25/24 to 9/25/25
Strong Buy	2 Strong Buy rating(s)	2 Strong Buy rating(s)	3 Strong Buy rating(s)	3 Strong Buy rating(s)
Buy	18 Buy rating(s)	18 Buy rating(s)	16 Buy rating(s)	8 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	5 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$133.78	$132.73	$140.50	$73.38
Forecasted Upside	10.34% Upside	0.95% Upside	46.21% Upside	-12.23% 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	2.92	2.57	2.53
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	10.34% Upside	139.13% Upside	19.67% Upside
News Sentiment Rating	Positive News See Recent NEM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
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 3 of 5 stars	Josh Wolfson 5 of 5 stars	Boost Target	Outperform	$135.00 ➝ $155.00	+27.06%
9/14/2026	Weiss Ratings 5 of 5 stars		Reiterated Rating	Hold (C+)
9/9/2026	Sanford C. Bernstein Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Bob Brackett Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$147.00 ➝ $144.00	+13.14%
8/24/2026	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Outperform	$140.00	+6.90%
8/14/2026	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Anita Soni Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$170.00	+44.27%
8/12/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tanya Jakusconek Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$147.00 ➝ $149.00	+25.01%
8/12/2026	TD Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$127.00 ➝ $133.00	+12.40%
8/3/2026	Argus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Alexandra Yates Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Set Target		$110.00	+16.10%
7/28/2026	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Richard Garchitorena Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Overweight	$125.00 ➝ $124.00	+32.69%
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7/23/2026	Canaccord Genuity Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Buy	$160.00 ➝ $130.00	+42.19%
7/21/2026	BNP Paribas Exane Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Neutral	$111.00 ➝ $102.00	+11.57%
7/20/2026	Citigroup Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Buy	$150.00 ➝ $125.00	+36.73%
7/14/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
7/14/2026	TD Securities Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Steven Green Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
7/9/2026	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Michael Jalonen Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$157.00 ➝ $132.00	+41.63%
7/6/2026	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Fahad Tariq Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$158.00 ➝ $146.00	+50.59%
7/1/2026	The Goldman Sachs Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Buy	$122.50 ➝ $111.40	+17.29%
6/30/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Daniel Major Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Buy	$140.00 ➝ $120.00	+29.78%
6/23/2026	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Jackie Przybylowski Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$145.00 ➝ $135.00	+41.35%
6/15/2026	Macquarie Infrastructure Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	$133.00 ➝ $123.00	+15.48%
4/27/2026	TD Cowen Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
2/10/2026	Stifel Nicolaus Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target	Buy	$120.00 ➝ $175.00	+45.23%
1/19/2026	DZ Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong-Buy
4/25/2025	Cfra Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	M. Miller Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong-Buy
11/29/2024	CLSA Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	B. Moore Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Underperform
11/19/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Overweight
11/11/2024	Bernstein Bank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Boost Target		$55.00 ➝ $58.00	+36.28%
9/30/2024	Veritas Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	M. Pradier Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Strong-Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:08 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 Tuesday, September 22, 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.:

The resolution of the potential large payment to Barrick Mining to equalize ownership of the Fourmile project in their Nevada joint venture, which was finalized in August 2026, has removed a significant overhang on the investment case. Analysts from UBS and others have noted that the market may be underappreciating the positive impact of this resolution, which provides clarity on capital returns and supports a path to growing production per share.
Newmont Co. recently demonstrated strong financial performance by reporting earnings per share of $2.10 for the quarter ended July 23, 2026, which exceeded the consensus estimate of $2.05. This beat, combined with a net margin of 33.36% and a return on equity of 29.10%, indicates robust profitability and operational efficiency that can drive shareholder value.
The stock currently trades at $123.25, which is below the consensus price target of $132.73 set by analysts as of September 4, 2026. This suggests there is still room for upside potential, particularly as major institutions like Royal Bank of Canada recently raised their price target to $155.00 and Goldman Sachs adjusted its target to $127.50, reflecting a "Moderate Buy" consensus rating.
Institutional interest in Newmont Co. has been strong, with significant new positions acquired in the second quarter of 2026. For example, Amundi purchased a stake worth approximately $209.4 million, and BlackRock Inc. acquired a new position valued at about $11.29 billion, indicating that large institutional investors are confident in the company's long-term prospects and stability.
The company maintains a low beta of 0.52, which means its stock price tends to be less volatile than the overall market. This characteristic can provide a defensive quality to a portfolio, especially in times of market uncertainty, while still offering exposure to the gold sector through its primary focus on gold production and exploration.

Newmont
Bear Case

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

Insider selling has been notable in recent months, with CEO Natascha Viljoen and CFO Brian Tabolt both selling shares in August and September 2026. For instance, the CFO sold 11,445 shares on August 5, 2026, and the CEO sold 3,882 shares on September 1, 2026. While these sales may be part of pre-arranged trading plans, a pattern of insider selling can sometimes signal a lack of confidence in the stock's near-term upside.
Despite the earnings beat, Newmont Co. reported revenue of $6.12 billion for the quarter ended July 23, 2026, which fell short of the analyst consensus estimate of $6.35 billion. This revenue miss could indicate challenges in maintaining production levels or pricing power, which may impact future earnings growth and investor sentiment.
The stock has experienced significant volatility, with a 52-week range from $76.05 to $135.29. This wide range reflects the sensitivity of gold mining stocks to commodity price fluctuations and macroeconomic factors, which can lead to substantial price swings and increased risk for investors seeking stable returns.
Some analysts have recently lowered their price targets and ratings, reflecting concerns about the company's outlook. For example, BNP Paribas Exane lowered its price target from $111.00 to $102.00 and set a "neutral" rating in July 2026, while Wall Street Zen cut its rating from "buy" to "hold" in the same month, indicating a more cautious view on the stock's potential.
The company's dividend yield is relatively low at 0.84%, which may not be attractive to income-focused investors. Additionally, the dividend payout ratio is 13.13%, suggesting that the company is retaining most of its earnings for reinvestment, which may limit the immediate cash returns available to shareholders compared to other investment options.

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 $133.78, 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 4 hold ratings, 18 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 10.34% based on their 12-month stock forecasts.

Over the previous 90 days, Newmont's stock had 2 upgrades and 1 downgrade by analysts.

Newmont has been rated by research analysts at Argus, Bank of America, Barclays, BNP Paribas Exane, Canaccord Genuity Group, Canadian Imperial Bank of Commerce, Citigroup, Jefferies Financial Group, National Bank Financial, Raymond James Financial, Royal Bank Of Canada, Sanford C. Bernstein, Scotiabank, TD, TD Securities, The Goldman Sachs Group, UBS Group, Weiss Ratings, and Zacks Research in the past 90 days.

Analysts like Newmont more than other "materials" companies. The consensus rating score for Newmont is 2.92 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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Brokerages With Newmont Recommendations

MarketBeat monitors more than a dozen sources for Newmont analyst ratings, with the most recent rating issued on 9/21/2026.

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Newmont (NEM) Stock Forecast & Price Target