Newmont (NEM) Stock Forecast & Price Target

Q: What analysts cover Newmont?

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

$105.48 +1.19 (+1.14%)

Closing price 03:59 PM Eastern

Extended Trading

$105.61 +0.13 (+0.13%)

As of 06:43 PM 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

$132.11
25.25% Upside

According to the 24 analysts' twelve-month price targets for Newmont, the average price target is $132.11. 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 25.25% from the current price of $105.48.

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 8/6/25 to 8/6/26	1 Month Ago 7/7/25 to 7/7/26	3 Months Ago 5/8/25 to 5/8/26	1 Year Ago 8/6/24 to 8/6/25
Strong Buy	2 Strong Buy rating(s)	3 Strong Buy rating(s)	1 Strong Buy rating(s)	4 Strong Buy rating(s)
Buy	18 Buy rating(s)	16 Buy rating(s)	17 Buy rating(s)	6 Buy rating(s)
Hold	4 Hold rating(s)	5 Hold rating(s)	5 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	$132.11	$138.78	$142.51	$64.58
Forecasted Upside	25.25% Upside	46.16% Upside	22.37% Upside	-5.00% 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	25.08% Upside	139.55% Upside	12.03% 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

Export

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/3/2026	Argus 3 of 5 stars	Alexandra Yates Not Rated	Set Target		$110.00	+16.10%
7/28/2026	Canadian Imperial Bank of Commerce 2 of 5 stars	Anita Soni Not Rated	Reiterated Rating	Outperform	$168.00	+83.42%
7/28/2026	Barclays 3 of 5 stars	Richard Garchitorena Not Rated	Lower Target	Overweight	$125.00 ➝ $124.00	+32.69%
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
7/14/2026	TD Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy	$129.00 ➝ $127.00	+34.37%
7/14/2026	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Shane Nagle Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Sector Perform	$140.00 ➝ $125.00	+32.25%
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.
7/14/2026	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	Lower Target	Sector Outperform	$151.00 ➝ $147.00	+55.15%
7/9/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Josh Wolfson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Outperform	$140.00 ➝ $135.00	+42.87%
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	Raymond James Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Lower Target	Outperform	$139.00 ➝ $137.00	+48.17%
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%
6/17/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy (B-) ➝ Hold (C+)
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
2/27/2026	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	Upgrade	Market Perform ➝ Outperform	$121.00 ➝ $157.00	+23.18%
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 Thursday at 07:36 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 Friday, July 31, 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 current stock price is around $99, which is significantly lower than its 12-month high, indicating potential for price appreciation.
Newmont Co. has a strong market capitalization of approximately $96 billion, suggesting stability and investor confidence in the company.
The company reported a solid earnings per share of $2.10 recently, surpassing analyst expectations, which reflects strong operational performance.
With a low debt-to-equity ratio, Newmont Co. demonstrates financial stability, indicating that it is less reliant on debt for financing its operations.
The company has a consistent dividend payout, with an annualized dividend yield of 1.1%, providing a steady income stream for investors.

Newmont
Bear Case

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

The recent revenue of $6.12 billion fell short of analyst expectations, which may raise concerns about future growth prospects.
Newmont Co. has a relatively low beta of 0.46, indicating lower volatility compared to the market, which may limit potential high returns during bullish market conditions.
The company's P/E ratio of approximately 11.53 suggests that it may not be undervalued compared to its peers, which could deter some investors looking for bargains.
Despite a strong return on equity, the net margin of 33.36% may indicate that profit growth could be constrained by rising operational costs.
Market fluctuations in gold prices can significantly impact Newmont Co.'s profitability, making it susceptible to commodity price volatility.

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 $132.11, with a high forecast of $175.00 and a low forecast of $102.00.

24 Wall Street research 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 research analysts is that investors should "moderate buy" NEM shares.

According to analysts, Newmont's stock has a predicted upside of 25.25% based on their 12-month stock forecasts.

Over the previous 90 days, Newmont's stock had 4 upgrades and 3 downgrades by analysts.

Newmont has been rated by research analysts at Argus, Bank of America, Barclays, BMO Capital Markets, BNP Paribas Exane, Canaccord Genuity Group, Canadian Imperial Bank of Commerce, Citigroup, Jefferies Financial Group, Macquarie Infrastructure, National Bank Financial, Raymond James Financial, Royal Bank Of Canada, 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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This page (NYSE:NEM) was last updated on 8/6/2026 by MarketBeat.com Staff.

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Newmont (NEM) Stock Forecast & Price Target