Consensus Rating1
Buy
Highest Price Target1
$67.00
Lowest Price Target1
$38.00
Consensus Price Target1
$52.95

Newmont (NYSE:NEM) Stock, Analyst Ratings, Price Targets, Forecasts

Newmont Corp has a consensus price target of $52.95 based on the ratings of 22 analysts. The high is $67 issued by Goldman Sachs on April 21, 2023. The low is $38 issued by Jefferies on October 4, 2023. The 3 most-recent analyst ratings were released by UBS, Argus Research, and Scotiabank on September 17, 2024, August 29, 2024, and August 19, 2024, respectively. With an average price target of $60.67 between UBS, Argus Research, and Scotiabank, there's an implied 13.35% upside for Newmont Corp from these most-recent analyst ratings.

Analyst Trends and Forecast
0
0
0
0
Jun
1
Jul
0
0
0
0
Aug
0
0
0
0
Sep
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
12345
3.2
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

UBS
Argus Research
Scotiabank
BMO Capital
Jefferies

1calculated from analyst ratings

Analyst Ratings for Newmont

Data brought to you by Benzinga APIs

FAQ

Q

What is the target price for Newmont (NEM) stock?

A

The latest price target for Newmont (NYSE:NEM) was reported by UBS on September 17, 2024. The analyst firm set a price target for $65.00 expecting NEM to rise to within 12 months (a possible 21.45% upside). 23 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Newmont (NEM)?

A

The latest analyst rating for Newmont (NYSE:NEM) was provided by UBS, and Newmont maintained their buy rating.

Q

When was the last upgrade for Newmont (NEM)?

A

The last upgrade for Newmont Corp happened on August 29, 2024 when Argus Research raised their price target to $58. Argus Research previously had a hold for Newmont Corp.

Q

When was the last downgrade for Newmont (NEM)?

A

The last downgrade for Newmont Corp happened on January 10, 2024 when TD Securities changed their price target from N/A to $46 for Newmont Corp.

Q

When is the next analyst rating going to be posted or updated for Newmont (NEM)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Newmont, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Newmont was filed on September 17, 2024 so you should expect the next rating to be made available sometime around September 17, 2025.

Q

Is the Analyst Rating Newmont (NEM) correct?

A

While ratings are subjective and will change, the latest Newmont (NEM) rating was a maintained with a price target of $50.00 to $65.00. The current price Newmont (NEM) is trading at is $53.52, which is within the analyst’s predicted range.

Browse analyst ratings and price targets on all stocks.

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