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

OverviewForecast
EarningsDividendOwnership

Analyst price target for NEM

Based on 8 analysts offering 12 month price targets for Newmont Corp.
Min Forecast
$53.00+9.17%
Avg Forecast
$56.25+15.86%
Max Forecast
$60.00+23.58%

Should I buy or sell NEM stock?

Based on 9 analysts offering ratings for Newmont Corp.
Buy
Strong Buy
3 analysts 33.33%
Buy
1 analysts 11.11%
Hold
5 analysts 55.56%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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NEM stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Canaccord Genuity
Top 42%
59
Strong BuyUpgrades$55.00+13.29%2023-03-14
TD Securities
Bottom 31%
31
Strong BuyUpgrades$55.00+13.29%2023-02-24
UBS
Top 30%
71
HoldDowngrades$53.00+9.17%2023-02-14
Exane BNP Paribas
Bottom 40%
40
BuyUpgrades$60.00+23.58%2023-02-13
Barclays
Top 18%
83
HoldMaintains$57.00+17.40%2023-01-30
Goldman Sachs
Top 8%
93
Strong BuyInitiates Coverage On$53.00+9.17%2022-09-12
RBC Capital
Top 24%
77
HoldMaintains$60.00+23.58%2022-07-26
Bernstein
Top 13%
88
HoldDowngrades$57.00+17.40%2022-04-25
Credit Suisse
Bottom 27%
27
HoldDowngradesN/AN/A2022-04-19

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Forecast return on equity

Is NEM forecast to generate an efficient return?
Company
11.03%
Industry
10.14%
Market
52.51%
NEM's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is NEM forecast to generate an efficient return on assets?
Company
5.55%
Industry
7.01%
NEM is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

NEM earnings per share forecast

What is NEM's earnings per share in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$2.69
Avg 2 year Forecast
$2.91
Avg 3 year Forecast
$2.69

NEM revenue forecast

What is NEM's revenue in the next 3 years based on estimates from 3 analysts?
Avg 1 year Forecast
$12.6B+5.88%
Avg 2 year Forecast
$12.2B+2.19%
Avg 3 year Forecast
$11.8B-0.89%
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
1.2%
Industry
5.37%
Market
9.33%
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$48.55$56.25+15.86%Buy
GOLD$18.52$22.20+19.87%Buy
FNV$144.42$134.33-6.98%Hold
AEM$51.68$57.50+11.26%Strong Buy
WPM$47.05$43.67-7.19%Buy
View Top Gold Stocks

Newmont Stock Forecast FAQ

Is Newmont Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NYSE: NEM) stock is to Buy NEM stock.

Out of 9 analysts, 3 (33.33%) are recommending NEM as a Strong Buy, 1 (11.11%) are recommending NEM as a Buy, 5 (55.56%) 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 earnings growth forecast for 2023-2025?

(NYSE: NEM) Newmont's forecast annual earnings growth rate of N/A is not forecast to beat the US Gold industry's average forecast earnings growth rate of 33.01%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 26.86%.

Newmont's earnings in 2023 is -$429,000,000.On average, 6 Wall Street analysts forecast NEM's earnings for 2023 to be $2,135,306,027, with the lowest NEM earnings forecast at $1,659,029,590, and the highest NEM earnings forecast at $2,603,644,523. On average, 2 Wall Street analysts forecast NEM's earnings for 2024 to be $2,309,940,720, with the lowest NEM earnings forecast at $1,635,215,768, and the highest NEM earnings forecast at $2,992,603,614.

In 2025, NEM is forecast to generate $2,135,306,027 in earnings, with the lowest earnings forecast at $1,270,070,499 and the highest earnings forecast at $3,008,479,495.

What is NEM's revenue growth forecast for 2023-2025?

(NYSE: NEM) Newmont's forecast annual revenue growth rate of 1.2% is not forecast to beat the US Gold industry's average forecast revenue growth rate of 5.37%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.33%.

Newmont's revenue in 2023 is $11,915,000,000.On average, 3 Wall Street analysts forecast NEM's revenue for 2023 to be $10,014,240,758,975, with the lowest NEM revenue forecast at $9,552,517,742,108, and the highest NEM revenue forecast at $10,433,629,150,928. On average, 1 Wall Street analysts forecast NEM's revenue for 2024 to be $9,665,236,498,912, with the lowest NEM revenue forecast at $9,665,236,498,912, and the highest NEM revenue forecast at $9,665,236,498,912.

In 2025, NEM is forecast to generate $9,373,914,078,158 in revenue, with the lowest revenue forecast at $9,373,914,078,158 and the highest revenue forecast at $9,373,914,078,158.

What is NEM's forecast return on assets (ROA) for 2023-2025?

(NYSE: NEM) forecast ROA is 5.55%, which is lower than the forecast US Gold industry average of 7.01%.

What is NEM's Price Target?

According to 8 Wall Street analysts that have issued a 1 year NEM price target, the average NEM price target is $56.25, with the highest NEM stock price forecast at $60.00 and the lowest NEM stock price forecast at $53.00.

On average, Wall Street analysts predict that Newmont's share price could reach $56.25 by Mar 14, 2024. The average Newmont stock price prediction forecasts a potential upside of 15.86% from the current NEM share price of $48.55.

What is NEM's Earnings Per Share (EPS) forecast for 2023-2025?

(NYSE: NEM) Newmont's current Earnings Per Share (EPS) is -$0.54. On average, analysts forecast that NEM's EPS will be $2.69 for 2023, with the lowest EPS forecast at $2.09, and the highest EPS forecast at $3.28. On average, analysts forecast that NEM's EPS will be $2.91 for 2024, with the lowest EPS forecast at $2.06, and the highest EPS forecast at $3.77. In 2025, NEM's EPS is forecast to hit $2.69 (min: $1.60, max: $3.79).

What is NEM's forecast return on equity (ROE) for 2023-2025?

(NYSE: NEM) forecast ROE is 11.03%, which is considered weak.
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