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Newmont - NEM Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $54.31
  • Forecasted Upside: 41.87%
  • Number of Analysts: 17
  • Breakdown:
  • 1 Sell Ratings
  • 7 Hold Ratings
  • 7 Buy Ratings
  • 2 Strong Buy Ratings
$38.28 As of 12/20/2024 06:45 PM ET
▲ +1.26 (3.40%)

This chart shows the closing price for NEM by one month, three months, or twelve months.

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Analyst Price Target for NEM

Analyst Price Target is $54.31
▲ +41.87% Upside Potential
This price target is based on 17 analysts offering 12 month price targets for Newmont in the last 3 months. The average price target is $54.31, with a high forecast of $63.00 and a low forecast of $45.00. The average price target represents a 41.87% upside from the last price of $38.28.

This chart shows the closing price for NEM for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 17 polled investment analysts is to moderate buy stock in Newmont. This rating has held steady since February 2023, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/29/2023
  • 0 strong buy ratings
  • 10 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
9/27/2023
  • 0 strong buy ratings
  • 12 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
12/26/2023
  • 0 strong buy ratings
  • 8 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
3/25/2024
  • 1 strong buy ratings
  • 8 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
6/23/2024
  • 2 strong buy ratings
  • 10 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
9/21/2024
  • 2 strong buy ratings
  • 8 buy ratings
  • 7 hold ratings
  • 0 sell ratings
Ratings as of
11/20/2024
  • 2 strong buy ratings
  • 7 buy ratings
  • 7 hold ratings
  • 1 sell ratings
Ratings as of
12/20/2024

Latest Recommendations

  • 2 strong buy ratings
  • 7 buy ratings
  • 7 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
11/29/2024CLSAInitiated CoverageUnderperform
11/25/2024Raymond JamesLower TargetOutperform ➝ Outperform$62.00 ➝ $59.00
11/19/2024JPMorgan Chase & Co.UpgradeNeutral ➝ Overweight
11/11/2024Bernstein BankBoost Target$55.00 ➝ $58.00
10/30/2024UBS GroupDowngradeBuy ➝ Neutral$67.00 ➝ $54.00
10/28/2024Cibc World MktsDowngradeStrong-Buy ➝ Hold
10/28/2024CIBCDowngradeSector Outperform ➝ Neutral
10/25/2024Raymond JamesBoost TargetOutperform ➝ Outperform$65.00 ➝ $66.00
10/25/2024ScotiabankDowngradeSector Outperform ➝ Sector Perform$59.00 ➝ $55.00
10/24/2024Royal Bank of CanadaLower TargetSector Perform ➝ Sector Perform$54.00 ➝ $53.00
10/15/2024UBS GroupBoost TargetBuy ➝ Buy$65.00 ➝ $67.00
10/4/2024Jefferies Financial GroupBoost TargetBuy ➝ Buy$54.00 ➝ $63.00
9/30/2024VeritasUpgradeStrong-Buy
9/17/2024UBS GroupBoost TargetBuy ➝ Buy$50.00 ➝ $65.00
8/29/2024ArgusUpgradeHold ➝ Buy$58.00
8/19/2024ScotiabankUpgradeSector Perform ➝ Sector Outperform$48.00 ➝ $59.00
7/25/2024BMO Capital MarketsBoost TargetOutperform ➝ Outperform$56.00 ➝ $57.00
7/12/2024Jefferies Financial GroupBoost TargetBuy ➝ Buy$50.00 ➝ $54.00
7/10/2024Cibc World MktsUpgradeHold ➝ Strong-Buy
7/10/2024CIBCUpgradeNeutral ➝ Sector Outperform$46.00 ➝ $61.00
7/8/2024JPMorgan Chase & Co.DowngradeOverweight ➝ Neutral
6/26/2024Bank of AmericaBoost TargetBuy ➝ Buy$49.00 ➝ $50.00
6/21/2024BNP ParibasUpgradeStrong-Buy
6/17/2024UBS GroupUpgradeNeutral ➝ Buy$40.00 ➝ $50.00
5/23/2024ScotiabankBoost TargetSector Perform ➝ Sector Perform$46.50 ➝ $48.00
5/21/2024BMO Capital MarketsLower TargetOutperform$54.00 ➝ $53.00
5/16/2024Sanford C. BernsteinLower TargetMarket Perform ➝ Market Perform$46.00 ➝ $45.00
5/2/2024BMO Capital MarketsLower TargetOutperform ➝ Outperform$56.00 ➝ $54.00
4/30/2024National Bank FinancialDowngradeOutperform Overweight ➝ Sector Perform Overweight
4/26/2024TD SecuritiesBoost TargetHold ➝ Hold$43.00 ➝ $48.00
4/8/2024National Bank FinancialReiterated RatingOutperform Overweight
4/4/2024CitigroupLower TargetBuy ➝ Buy$60.00 ➝ $45.00
2/29/2024Jefferies Financial GroupInitiated CoverageBuy$34.00 ➝ $38.00
2/28/2024ScotiabankLower TargetSector Perform ➝ Sector Perform$50.00 ➝ $43.50
2/26/2024ArgusDowngradeBuy ➝ Hold
2/23/2024TD SecuritiesLower TargetHold$40.00 ➝ $36.00
2/15/2024BMO Capital MarketsLower TargetOutperform ➝ Outperform$57.00 ➝ $56.00
2/8/2024Royal Bank of CanadaLower TargetSector Perform ➝ Sector Perform$45.00 ➝ $40.00
1/17/2024BMO Capital MarketsLower TargetOutperform ➝ Outperform$62.00 ➝ $59.00
1/9/2024TD SecuritiesDowngradeBuy ➝ Hold$46.00
1/3/2024National Bank FinancialReiterated RatingOutperform Overweight
12/13/2023UBS GroupLower TargetNeutral ➝ Neutral$42.00 ➝ $40.00
11/21/2023MacquarieInitiated CoverageOutperform$45.00
11/7/2023BMO Capital MarketsReiterated RatingOutperform ➝ Outperform$65.00 ➝ $58.00
10/30/2023TD SecuritiesLower TargetBuy$55.00 ➝ $46.00
10/27/2023Raymond JamesLower TargetOutperform$59.00 ➝ $57.00
10/4/2023Jefferies Financial GroupLower TargetHold ➝ Hold$44.00 ➝ $38.00
9/7/2023Raymond JamesLower TargetOutperform ➝ Outperform$62.00 ➝ $61.00
9/6/2023Royal Bank of CanadaReiterated RatingSector Perform ➝ Sector Perform$52.00
8/29/2023UBS GroupLower TargetNeutral ➝ Neutral$53.00 ➝ $42.00
7/25/2023ArgusLower TargetBuy$55.00 ➝ $50.00
7/24/2023Canaccord Genuity GroupLower TargetBuy$63.00 ➝ $57.00
7/24/2023TD SecuritiesLower TargetBuy$59.00 ➝ $55.00
7/21/2023Raymond JamesLower TargetOutperform$64.00 ➝ $62.00
7/21/2023CIBCDowngradeSector Outperform ➝ Neutral$54.00 ➝ $50.00
7/7/2023BarclaysUpgradeEqual Weight ➝ Overweight$62.00 ➝ $61.00
5/16/2023Raymond JamesLower TargetOutperform$58.00 ➝ $57.00
5/2/2023National Bank FinancialBoost TargetC$91.00 ➝ C$94.00
4/28/2023Raymond JamesBoost TargetOutperform$56.00 ➝ $58.00
4/21/2023The Goldman Sachs GroupBoost TargetBuy$58.00 ➝ $67.00
4/21/2023BarclaysBoost TargetEqual Weight$57.00 ➝ $62.00
4/18/2023National Bank FinancialBoost TargetC$86.00 ➝ C$91.00
4/4/2023CitigroupLower TargetBuy$70.00 ➝ $60.00
3/13/2023Canaccord Genuity GroupUpgradeHold ➝ Buy$53.00 ➝ $55.00
3/7/2023Fundamental ResearchSet TargetBuy$51.92
2/24/2023Raymond JamesLower TargetOutperform$61.00 ➝ $56.00
2/24/2023TD SecuritiesUpgradeHold ➝ Buy$55.00
2/14/2023UBS GroupDowngradeBuy ➝ Neutral$59.00 ➝ $53.00
2/13/2023BNP ParibasUpgradeNeutral ➝ Outperform$60.00
1/31/2023Raymond JamesBoost TargetOutperform$57.00 ➝ $61.00
1/30/2023BarclaysBoost TargetEqual Weight$54.00 ➝ $57.00
1/19/2023Canaccord Genuity GroupReiterated RatingBuy ➝ Hold$50.00 ➝ $56.00
1/13/2023National Bank FinancialBoost TargetC$76.00 ➝ C$86.00
1/13/2023Raymond JamesLower TargetOutperform$58.00 ➝ $57.00
11/21/2022Credit Suisse GroupBoost Target$54.00
11/21/2022BarclaysLower TargetEqual Weight$55.00 ➝ $54.00
11/15/2022Fundamental ResearchReiterated RatingBuy ➝ Buy$63.91 ➝ $52.00
11/4/2022BarclaysLower TargetEqual Weight$57.00 ➝ $55.00
11/2/2022TD SecuritiesLower TargetHold$49.00 ➝ $47.00
11/2/2022Raymond JamesLower TargetOutperform$60.00 ➝ $58.00
10/27/2022Eight CapitalLower Target$58.00
10/27/2022Credit Suisse GroupLower Target$48.00
10/13/2022National Bank FinancialBoost TargetC$79.00 ➝ C$80.00
10/7/2022Raymond JamesLower TargetOutperform$69.00 ➝ $66.00
9/16/2022Raymond JamesLower TargetOutperform$71.00 ➝ $69.00
9/16/2022BarclaysLower TargetEqual Weight$58.00 ➝ $57.00
9/12/2022The Goldman Sachs GroupInitiated CoverageBuy$53.00
9/6/2022UBS GroupUpgradeNeutral ➝ Buy$50.00
8/9/2022Fundamental ResearchLower TargetBuy ➝ Buy$79.52 ➝ $63.91
7/27/2022Canaccord Genuity GroupUpgradeHold ➝ Buy$66.00 ➝ $60.00
7/27/2022National Bank FinancialUpgradeSector Perform ➝ Outperform
7/26/2022TD SecuritiesLower TargetHold$64.00 ➝ $52.00
7/26/2022Raymond JamesLower TargetOutperform$76.00 ➝ $71.00
7/21/2022National Bank FinancialLower TargetC$115.00 ➝ C$90.00
7/19/2022BarclaysLower TargetEqual Weight$68.00 ➝ $60.00
5/10/2022Fundamental ResearchReiterated RatingBuy$79.52
4/26/2022National BanksharesLower TargetSector Perform$119.00 ➝ $115.00
4/26/2022Canaccord Genuity GroupLower TargetHold$87.00 ➝ $80.00
4/25/2022TD SecuritiesLower TargetHold$82.00 ➝ $79.00
4/25/2022Raymond JamesLower TargetOutperform$92.00 ➝ $88.00
4/25/2022Sanford C. BernsteinDowngradeOutperform ➝ Market Perform$57.00
4/20/2022National Bank FinancialDowngradeOutperform ➝ Sector Perform$94.28
4/19/2022Credit Suisse GroupDowngradeOutperform ➝ Neutral
4/13/2022Raymond JamesSet TargetOutperform$82.00
4/6/2022Raymond JamesBoost TargetOutperform$72.00 ➝ $82.00
3/9/2022Jefferies Financial GroupBoost TargetHold$67.00 ➝ $72.00
3/1/2022Fundamental ResearchBoost TargetBuy ➝ Buy$61.10 ➝ $73.44
2/28/2022Bank of AmericaBoost Target$70.00 ➝ $75.00
2/25/2022Raymond JamesBoost TargetOutperform$68.00 ➝ $72.00
2/10/2022Raymond JamesSet TargetOutperform$68.00
2/9/2022Canaccord Genuity GroupDowngradeBuy ➝ Hold$65.00
2/9/2022Canaccord Genuity GroupReiterated RatingBuy ➝ Hold$65.00
1/24/2022ScotiabankDowngradeSector Outperform ➝ Sector Perform$75.00 ➝ $72.00
1/7/2022National Bank FinancialBoost TargetC$92.00 ➝ C$98.00
12/8/2021BarclaysLower TargetEqual Weight$61.00 ➝ $59.00
12/6/2021TD SecuritiesLower TargetHold$65.00 ➝ $64.00
12/3/2021Raymond JamesLower TargetOutperform$70.00 ➝ $68.00
11/29/2021Royal Bank of CanadaReiterated RatingSector Perform$61.00
11/24/2021National Bank FinancialLower TargetOutperform$95.00 ➝ $92.00
11/24/2021National BanksharesLower TargetOutperformC$95.00 ➝ C$92.00
11/1/2021TD SecuritiesLower TargetHold$70.00 ➝ $65.00
10/29/2021Raymond JamesLower TargetOutperform$75.00 ➝ $70.00
10/29/2021CIBCDowngradeSector Outperform ➝ Neutral$81.00 ➝ $69.00
10/13/2021Raymond JamesLower TargetOutperform$81.00 ➝ $75.00
10/6/2021Raymond JamesLower TargetOutperform$82.00 ➝ $81.00
9/24/2021KeyCorpInitiated CoverageSector Weight ➝ Sector Weight
7/23/2021UBS GroupSet TargetNeutral$64.00
7/23/2021Raymond JamesSet TargetOutperform$82.00
7/23/2021TD SecuritiesDowngradeBuy ➝ Hold$74.00 ➝ $70.00
7/16/2021National Bank FinancialLower TargetOutperformC$108.00 ➝ C$105.00
6/9/2021Raymond JamesBoost TargetOutperform$78.00 ➝ $82.00
5/17/2021Jefferies Financial GroupBoost TargetHold$53.00 ➝ $60.00
5/5/2021ArgusBoost TargetBuy$65.00 ➝ $73.00
4/30/2021Raymond JamesSet TargetOutperform$78.00
4/27/2021JPMorgan Chase & Co.Lower Target$83.00 ➝ $75.00
4/23/2021National Bank FinancialReiterated RatingOutperform
4/6/2021Raymond JamesLower TargetOutperform$86.00 ➝ $78.00
2/26/2021TD SecuritiesLower TargetBuy$78.00 ➝ $74.00
2/19/2021Fundamental ResearchLower TargetBuy ➝ Buy$74.35 ➝ $69.96
2/19/2021CitigroupLower Target$70.00 ➝ $66.00
2/19/2021Raymond JamesSet TargetOutperform$86.00
2/12/2021Raymond JamesSet TargetOutperform$86.00
2/10/2021JPMorgan Chase & Co.Initiated CoverageOverweight
2/2/2021National Bank FinancialReiterated RatingOutperform
1/15/2021Raymond JamesLower TargetOutperform$90.00 ➝ $86.00
1/11/2021National Bank FinancialReiterated RatingOutperform
12/9/2020Raymond JamesBoost TargetOutperform$88.00 ➝ $90.00
12/9/2020TD SecuritiesBoost TargetBuy$85.00 ➝ $86.00
10/30/2020Raymond JamesBoost TargetOutperform$85.00 ➝ $88.00
9/24/2020Raymond JamesBoost TargetOutperform$80.00 ➝ $85.00
8/24/2020UBS GroupBoost TargetNeutral$58.00 ➝ $71.00
8/13/2020Fundamental ResearchBoost TargetBuy ➝ Buy$74.64 ➝ $75.59
7/31/2020Raymond JamesBoost TargetOutperform$78.00 ➝ $80.00
7/30/2020Fundamental ResearchInitiated CoverageBuy$74.64
7/29/2020Credit Suisse GroupReiterated RatingBuy$72.00
7/28/2020Royal Bank of CanadaReiterated RatingHold$57.00
7/20/2020BarclaysBoost TargetEqual Weight$58.00 ➝ $61.00
7/15/2020Raymond JamesBoost TargetOutperform$73.00 ➝ $78.00
6/29/2020CitigroupLower Target$74.00 ➝ $70.00
6/17/2020Deutsche Bank AktiengesellschaftBoost TargetBuy$70.00 ➝ $74.00
5/20/2020Raymond JamesSet TargetOutperform$73.00
5/19/2020B. RileyBoost TargetBuy$96.00 ➝ $97.00
5/18/2020Standpoint ResearchDowngradeBuy ➝ Hold
5/7/2020B. RileyLower TargetBuy$98.00 ➝ $96.00
5/6/2020TD SecuritiesBoost TargetBuy$81.00 ➝ $83.00
5/6/2020Raymond JamesBoost TargetOutperform$68.00 ➝ $73.00
5/6/2020CitigroupBoost Target$46.00 ➝ $70.00
5/6/2020Bank of AmericaReiterated RatingBuy$73.00 ➝ $82.00
5/6/2020JPMorgan Chase & Co.Boost TargetOverweight$70.00 ➝ $73.00
5/6/2020Deutsche Bank AktiengesellschaftBoost TargetBuy$54.00 ➝ $70.00
4/30/2020Royal Bank of CanadaReiterated RatingHold$48.00
4/17/2020UBS GroupBoost TargetNeutral$46.00 ➝ $58.00
4/16/2020Royal Bank of CanadaReiterated RatingHold$48.00
4/16/2020JPMorgan Chase & Co.Boost TargetOverweight$61.00 ➝ $70.00
4/16/2020BarclaysDowngradeOverweight ➝ Equal Weight$58.00
4/9/2020JPMorgan Chase & Co.Initiated CoverageOverweight$61.00
4/2/2020BMO Capital MarketsLower TargetOutperform$60.00 ➝ $59.00
3/31/2020Raymond JamesLower TargetOutperform$56.00 ➝ $55.00
3/26/2020Deutsche Bank AktiengesellschaftBoost TargetBuy$50.00 ➝ $54.00
3/25/2020Royal Bank of CanadaReiterated RatingHold$48.00
3/24/2020Raymond JamesLower TargetOutperform$58.00 ➝ $56.00
3/18/2020Raymond JamesSet TargetOutperform$58.00
3/11/2020B. RileyBoost TargetBuy$54.00 ➝ $55.00
3/2/2020Raymond JamesReiterated RatingOutperform$58.00
2/25/2020B. RileyBoost TargetBuy$47.00 ➝ $54.00
2/23/2020CIBCUpgradeNeutral ➝ Outperform$58.00
2/21/2020TD SecuritiesBoost TargetBuy$51.00 ➝ $58.00
2/21/2020Raymond JamesBoost TargetOutperform$50.00 ➝ $51.00
2/14/2020Raymond JamesReiterated RatingOutperform$50.00
2/6/2020B. RileyLower TargetBuy$48.00 ➝ $47.00
2/6/2020UBS GroupInitiated CoverageNeutral$46.00
1/13/2020B. RileyUpgradeNeutral ➝ Buy$42.00 ➝ $48.00
(Data available from 12/21/2019 forward)

News Sentiment Rating

1.30 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 44 very positive mentions
  • 22 positive mentions
  • 7 negative mentions
  • 2 very negative mentions
Mentions as of
5/25/2024
  • 37 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 33 very positive mentions
  • 15 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 36 very positive mentions
  • 34 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 35 very positive mentions
  • 25 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 33 very positive mentions
  • 17 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2024
  • 54 very positive mentions
  • 23 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
Mentions as of
11/21/2024
  • 69 very positive mentions
  • 15 positive mentions
  • 4 negative mentions
  • 1 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 69 very positive mentions
  • 15 positive mentions
  • 4 negative mentions
  • 1 very negative mentions

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Newmont logo
Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana. The company was founded in 1916 and is headquartered in Denver, Colorado.
Read More

Today's Range

Now: $38.28
Low: $37.18
High: $38.44

50 Day Range

MA: $45.03
Low: $37.02
High: $58.68

52 Week Range

Now: $38.28
Low: $29.42
High: $58.72

Volume

23,749,461 shs

Average Volume

10,558,922 shs

Market Capitalization

$43.58 billion

P/E Ratio

N/A

Dividend Yield

2.51%

Beta

0.49

Frequently Asked Questions

What sell-side analysts currently cover shares of Newmont?

The following sell-side analysts have issued reports on Newmont in the last twelve months: Argus, Bank of America Co., Bernstein Bank, BMO Capital Markets, BNP Paribas, CIBC, Cibc World Mkts, Citigroup Inc., CLSA, Jefferies Financial Group Inc., JPMorgan Chase & Co., National Bank Financial, Raymond James, Royal Bank of Canada, Sanford C. Bernstein, Scotiabank, StockNews.com, TD Securities, UBS Group AG, and Veritas Corp.
View the latest analyst ratings for NEM.

What is the current price target for Newmont?

0 Wall Street analysts have set twelve-month price targets for Newmont in the last year. Their average twelve-month price target is $54.31, suggesting a possible upside of 41.9%. Jefferies Financial Group Inc. has the highest price target set, predicting NEM will reach $63.00 in the next twelve months. Sanford C. Bernstein has the lowest price target set, forecasting a price of $45.00 for Newmont in the next year.
View the latest price targets for NEM.

What is the current consensus analyst rating for Newmont?

Newmont currently has 1 sell rating, 7 hold ratings, 7 buy ratings and 2 strong buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for NEM.

What other companies compete with Newmont?

Other companies that are similar to Newmont include Royal Gold, Agnico Eagle Mines, Barrick Gold, Wheaton Precious Metals and Franco-Nevada. Learn More about companies similar to Newmont.

How do I contact Newmont's investor relations team?

Newmont's physical mailing address is 6363 SOUTH FIDDLER`S GREEN CIRCLE, GREENWOOD VILLAGE CO, 80111. The basic materials company's listed phone number is (303) 863-7414 and its investor relations email address is [email protected]. The official website for Newmont is www.newmontgoldcorp.com. Learn More about contacing Newmont investor relations.