Newmont Corporation
NYSE:NEM

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Newmont Corporation
NYSE:NEM
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Price: 40.08 USD -0.35% Market Closed
Market Cap: 45.6B USD
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Wall Street
Price Targets

NEM Price Targets Summary
Newmont Corporation

Wall Street analysts forecast NEM stock price to rise over the next 12 months.

According to Wall Street analysts, the average 1-year price target for NEM is 57.91 USD with a low forecast of 45.45 USD and a high forecast of 81.38 USD.

Lowest
Price Target
45.45 USD
13% Upside
Average
Price Target
57.91 USD
44% Upside
Highest
Price Target
81.38 USD
103% Upside

NEM Last Price Targets
Newmont Corporation

The latest public price target was made on Oct 30, 2024 by Daniel Major from UBS , who expects NEM stock to rise by 35% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Daniel Major
UBS
54 USD
Upside 35%
1 month ago
Oct 30, 2024
UBS Downgrades Newmont Mining Corp. (NEM) to Neutral
StreetInsider
Josh Wolfson
RBC Capital
53 USD
Upside 32%
1 month ago
Oct 24, 2024
Newmont Mining Corp. (NEM) PT Lowered to $53 at RBC Capital
StreetInsider
Matthew Murphy
Jefferies
63 USD
Upside 57%
2 months ago
Oct 4, 2024
Newmont price target raised to $63 from $54 at Jefferies
TheFly
Matthew Murphy
Jefferies
54 USD
Upside 35%
3 months ago
Sep 10, 2024
Jefferies Reiterates Buy Rating on Newmont Mining Corp. (NEM)
StreetInsider
John Eade
Argus Research
58 USD
Upside 45%
3 months ago
Aug 29, 2024
Argus upgrades Newmont to Buy, sees gold remaining in demand
TheFly
Tanya Jakusconek
Scotiabank
59 USD
Upside 47%
3 months ago
Aug 19, 2024
Scotiabank Upgrades Newmont Mining Corp. (NEM) to Sector Outperform
StreetInsider
Jackie Przybylowski
BMO Capital
57 USD
Upside 42%
4 months ago
Jul 25, 2024
Newmont price target raised to $57 from $56 at BMO Capital
TheFly
Anita Soni
CIBC
61 USD
Upside 52%
5 months ago
Jul 10, 2024
Newmont upgraded to Outperformer from Neutral at CIBC
TheFly
Daniel Major
UBS
50 USD
Upside 25%
6 months ago
Jun 17, 2024
UBS Upgrades Newmont Mining Corp. (NEM) to Buy
StreetInsider
Tanya Jakusconek
Scotiabank
48 USD
Upside 20%
6 months ago
May 23, 2024
Newmont price target raised to $48 from $46.50 at Scotiabank
TheFly
Emily Chieng
Goldman Sachs
67 USD
Upside 67%
1 year ago
Dec 15, 2023
Don't Miss These 3 Stocks With Over 3% Dividend Yields In Materials Sector From Wall Street's Most Accurate Analysts
Benzinga
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Daniel Major
UBS
Price Target 54 USD
Upside/Downside 35%
View Source
Josh Wolfson
RBC Capital
Price Target 53 USD
Upside/Downside 32%
View Source
Matthew Murphy
Jefferies
Price Target 63 USD
Upside/Downside 57%
View Source
Matthew Murphy
Jefferies
Price Target 54 USD
Upside/Downside 35%
View Source
John Eade
Argus Research
Price Target 58 USD
Upside/Downside 45%
View Source
Tanya Jakusconek
Scotiabank
Price Target 59 USD
Upside/Downside 47%
View Source
Jackie Przybylowski
BMO Capital
Price Target 57 USD
Upside/Downside 42%
View Source
Anita Soni
CIBC
Price Target 61 USD
Upside/Downside 52%
View Source
Daniel Major
UBS
Price Target 50 USD
Upside/Downside 25%
View Source
Tanya Jakusconek
Scotiabank
Price Target 48 USD
Upside/Downside 20%
View Source
Emily Chieng
Goldman Sachs
Price Target 67 USD
Upside/Downside 67%
View Source
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Newmont Corporation Competitors:
Price Targets
APX
Apex Mining Co Inc
48% Upside
OBM
Ora Banda Mining Ltd
29% Upside
GOR
Gold Road Resources Ltd
5% Upside
GMD
Genesis Minerals Ltd
11% Upside
OLA
Orla Mining Ltd
3% Upside
AEM
Agnico Eagle Mines Ltd
12% Upside
K
Kinross Gold Corp
31% Upside
LIO
Lion One Metals Ltd
150% Upside

Revenue
Forecast

Revenue Estimate
Newmont Corporation

For the last 8 years the compound annual growth rate for Newmont Corporation's revenue is 9%. The projected CAGR for the next 4 years is 16%.

9%
Past Growth
16%
Estimated Growth
Estimates Accuracy
-1%
Average Miss

Operating Income
Forecast

Operating Income Estimate
Newmont Corporation

For the last 8 years the compound annual growth rate for Newmont Corporation's operating income is 3%. The projected CAGR for the next 4 years is 83%.

3%
Past Growth
83%
Estimated Growth
Estimates Accuracy
-28%
Average Miss

Net Income
Forecast

Net Income Estimate
Newmont Corporation

N/A
Past Growth
N/A
Estimated Growth
Estimates Accuracy
-65%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is NEM's stock price target?
Price Target
57.91 USD

According to Wall Street analysts, the average 1-year price target for NEM is 57.91 USD with a low forecast of 45.45 USD and a high forecast of 81.38 USD.

What is Newmont Corporation's Revenue forecast?
Projected CAGR
16%

For the last 8 years the compound annual growth rate for Newmont Corporation's revenue is 9%. The projected CAGR for the next 4 years is 16%.

What is Newmont Corporation's Operating Income forecast?
Projected CAGR
83%

For the last 8 years the compound annual growth rate for Newmont Corporation's operating income is 3%. The projected CAGR for the next 4 years is 83%.

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