Newmont Corporation (NEM)
NYSE: NEM · IEX Real-Time Price · USD
44.44
+0.70 (1.60%)
At close: May 20, 2024, 4:00 PM
44.43
-0.01 (-0.02%)
After-hours: May 20, 2024, 5:33 PM EDT
Newmont Stock Forecast
Stock Price Forecast
The 13 analysts with 12-month price forecasts for Newmont stock have an average target of 47.73, with a low estimate of 38 and a high estimate of 61. The average target predicts an increase of 7.40% from the current stock price of 44.44.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Newmont stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 4 | 4 | 4 | 2 | 2 |
| Buy | 5 | 5 | 4 | 4 | 4 | 4 |
| Hold | 4 | 5 | 6 | 6 | 6 | 7 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 14 | 14 | 14 | 14 | 12 | 13 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Bernstein | Bernstein | Hold Maintains $46 → $45 | Hold | Maintains | $46 → $45 | +1.26% | May 16, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $56 → $54 | Buy | Maintains | $56 → $54 | +21.51% | May 2, 2024 |
| TD Securities | TD Securities | Hold Maintains $43 → $48 | Hold | Maintains | $43 → $48 | +8.01% | Apr 29, 2024 |
| TD Securities | TD Securities | Hold Maintains $43 → $48 | Hold | Maintains | $43 → $48 | +8.01% | Apr 26, 2024 |
| Citigroup | Citigroup | Strong Buy Maintains $60 → $45 | Strong Buy | Maintains | $60 → $45 | +1.26% | Apr 4, 2024 |
Financial Forecast
Revenue This Year
16.56B
from 11.81B
Increased by 40.15%
Revenue Next Year
17.83B
from 16.56B
Increased by 7.70%
EPS This Year
2.07
from -2.97
EPS Next Year
2.62
from 2.07
Increased by 26.85%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 18.9B | 23.0B | 24.6B | 25.1B | 20.2B |
| Avg | 16.6B | 17.8B | 18.2B | 20.3B | 18.1B |
| Low | 15.1B | 15.8B | 15.3B | 16.6B | 16.3B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 59.8% | 39.0% | 37.7% | 38.3% | -0.6% |
| Avg | 40.2% | 7.7% | 1.9% | 11.9% | -10.7% |
| Low | 28.2% | -4.3% | -14.4% | -8.7% | -19.6% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 2.58 | 4.11 | 4.79 | 5.31 | 2.95 |
| Avg | 2.07 | 2.62 | 2.59 | 3.24 | 2.74 |
| Low | 1.55 | 1.63 | 1.43 | 1.56 | 2.57 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | - | 98.7% | 82.7% | 105.0% | -8.9% |
| Avg | - | 26.9% | -1.2% | 25.1% | -15.3% |
| Low | - | -21.3% | -45.4% | -39.8% | -20.7% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.