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NYSE: NEM
Newmont Corp Stock Forecast, Predictions & Price Target

Analyst price target for NEM

Based on 7 analysts offering 12 month price targets for Newmont Corp.
Min Forecast
$40.00-4.72%
Avg Forecast
$45.71+8.89%
Max Forecast
$54.00+28.63%

Should I buy or sell NEM stock?

Based on 7 analysts offering ratings for Newmont Corp.
Buy
Strong Buy
1 analysts 14.29%
Buy
1 analysts 14.29%
Hold
5 analysts 71.43%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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NEM stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-05-23
lockedlocked$00.00+00.00%2024-05-16
lockedlocked$00.00+00.00%2024-05-02
lockedlocked$00.00+00.00%2024-04-29
lockedlocked$00.00+00.00%2024-04-04
RBC Capital
Top 25%
76
HoldMaintains$40.00-4.72%2024-02-08
UBS
Top 36%
65
HoldMaintains$40.00-4.72%2023-12-13

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Forecast return on equity

Is NEM forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
17.32%

Forecast return on assets

Is NEM forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

NEM revenue forecast

What is NEM's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$16.1B+22.2%
Avg 2 year Forecast
$17.1B+30.06%
Avg 3 year Forecast
$16.5B+25.59%
NEM's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

NEM revenue growth forecast

How is NEM forecast to perform vs Gold companies and vs the US market?
Company
12.23%
Industry
8.16%
Market
9.64%
NEM's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
NEM's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

NEM vs Gold Stocks

TickerPricePrice TargetUp/downsideConsensus
NEM$41.98$45.71+8.89%Buy
AEM$67.71$71.67+5.84%Buy
GOLD$17.02$22.33+31.22%Buy
WPM$56.41$60.88+7.92%Strong Buy
FNV$122.01$140.00+14.74%Buy

Newmont Stock Forecast FAQ

Is Newmont Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 7 Wall Street analysts covering (NYSE: NEM) stock is to Buy NEM stock.

Out of 7 analysts, 1 (14.29%) are recommending NEM as a Strong Buy, 1 (14.29%) are recommending NEM as a Buy, 5 (71.43%) are recommending NEM as a Hold, 0 (0%) are recommending NEM as a Sell, and 0 (0%) are recommending NEM as a Strong Sell.

If you're new to stock investing, here's how to buy Newmont stock.

What is NEM's revenue growth forecast for 2024-2026?

(NYSE: NEM) Newmont's forecast annual revenue growth rate of 12.23% is forecast to beat the US Gold industry's average forecast revenue growth rate of 8.16%, and it is also forecast to beat the US market's average forecast revenue growth rate of 9.64%.

Newmont's revenue in 2024 is $13,156,000,000.On average, 3 Wall Street analysts forecast NEM's revenue for 2024 to be $18,538,984,176,846, with the lowest NEM revenue forecast at $17,213,926,922,735, and the highest NEM revenue forecast at $19,863,992,999,070. On average, 3 Wall Street analysts forecast NEM's revenue for 2025 to be $19,730,754,568,379, with the lowest NEM revenue forecast at $17,235,260,016,342, and the highest NEM revenue forecast at $21,310,030,803,600.

In 2026, NEM is forecast to generate $19,052,800,384,935 in revenue, with the lowest revenue forecast at $17,154,816,956,339 and the highest revenue forecast at $20,845,315,305,015.

What is NEM's forecast return on assets (ROA) for 2024-2026?

(NYSE: NEM) forecast ROA is N/A, which is lower than the forecast US Gold industry average of N/A.

What is NEM's Price Target?

According to 7 Wall Street analysts that have issued a 1 year NEM price target, the average NEM price target is $45.71, with the highest NEM stock price forecast at $54.00 and the lowest NEM stock price forecast at $40.00.

On average, Wall Street analysts predict that Newmont's share price could reach $45.71 by May 23, 2025. The average Newmont stock price prediction forecasts a potential upside of 8.89% from the current NEM share price of $41.98.

What is NEM's forecast return on equity (ROE) for 2024-2026?

(NYSE: NEM) forecast ROE is N/A, which is considered weak.
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