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Newmont (NEM) Stock Forecast & Price Target

$39.08

-0.65 (-1.64%)

(As of 04:37 PM ET)

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Today's Range: $38.72
▼
$39.57
50-Day Range: $33.95
▼
$41.20
52-Week Range: $33.58
▼
$60.08

Volume: 8.96 million shs
Average Volume: 9.65 million shs
Market Capitalization: $31.06 billion

P/E Ratio: N/A
Dividend Yield: 4.09%
Price Target: $55.54

Newmont Consensus Analyst Rating and Stock Price Forecast (2024)

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.

Analysts' Consensus Rating

Moderate Buy
Based on 16 Analyst Ratings

Analysts' Consensus Price Target

$53.12
35.93% Upside

High Forecast	$67.00
Average Forecast	$53.12
Low Forecast	$38.00

Type	Current Forecast 12/8/22 to 12/8/23	1 Month Ago 11/8/22 to 11/8/23	3 Months Ago 9/9/22 to 9/9/23	1 Year Ago 12/8/21 to 12/8/22
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	11 Buy rating(s)	10 Buy rating(s)	6 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$53.12	$53.68	$55.59	$64.75
Predicted Upside	35.93% Upside	26.87% Upside	27.99% Upside	18.63% Upside

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NEM Analyst Ratings 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	Basic Materials Companies	S&P 500
Consensus Rating Score	2.75	2.56	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	35.72% Upside	449.29% Upside	3,819.32% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

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Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
11/21/2023	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform	$45.00	+23.09%
11/7/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$65.00 ➝ $58.00	+53.12%
10/30/2023	TD Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$55.00 ➝ $46.00	+18.25%
10/27/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Outperform	$59.00 ➝ $57.00	+48.05%
10/4/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Hold ➝ Hold	$44.00 ➝ $38.00	+7.92%
9/6/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Sector Perform ➝ Sector Perform	$52.00	+35.35%
Get the Latest News and Ratings for NEM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Newmont and its competitors with MarketBeat's FREE daily newsletter.
8/29/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Neutral ➝ Neutral	$53.00 ➝ $42.00	+7.58%
7/25/2023	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$55.00 ➝ $50.00	+15.21%
7/24/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$63.00 ➝ $57.00	+31.67%
7/21/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Sector Outperform ➝ Neutral	$54.00 ➝ $50.00	+17.79%
7/7/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$62.00 ➝ $61.00	+46.83%
5/2/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		C$91.00 ➝ C$94.00
4/21/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$58.00 ➝ $67.00	+40.70%
4/4/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy	$70.00 ➝ $60.00	+16.89%
3/7/2023	Fundamental Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target	Buy	$51.92	+21.91%
2/13/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Outperform	$60.00	+25.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 02:18 PM ET.

NEM Price Target - Frequently Asked Questions

What is Newmont's consensus rating and price target?: According to the issued ratings of 16 analysts in the last year, the consensus rating for Newmont stock is Moderate Buy based on the current 4 hold ratings and 12 buy ratings for NEM. The average twelve-month price prediction for Newmont is $53.12 with a high price target of $67.00 and a low price target of $38.00. Learn more on NEM's analyst rating history.
Do Wall Street analysts like Newmont more than its competitors?: Analysts like Newmont more than other Basic Materials companies. The consensus rating score for Newmont is 2.75 while the average consensus rating score for basic materials companies is 2.56. Learn more on how NEM compares to other companies.
Does Newmont's stock price have much upside?: According to analysts, Newmont's stock has a predicted upside of 26.85% based on their 12-month stock forecasts.

What analysts cover Newmont?: Newmont has been rated by BMO Capital Markets, Jefferies Financial Group, Macquarie, Raymond James, and TD Securities in the past 90 days.

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This page (NYSE:NEM) was last updated on 12/8/2023 by MarketBeat.com Staff

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