$39.02
0.47[1.22%]
At close: Apr 19
$39.02
0[0.00%]
After Hours: 7:36PM EDT
Newmont Stock (NYSE:NEM), Analyst Ratings, Price Targets, Predictions
Newmont Corp has a consensus price target of $45.25, established from looking at the 44 latest analyst ratings. The last 3 analyst ratings were released from Citigroup, Scotiabank, and BMO Capital on April 4, 2024, February 28, 2024, and February 15, 2024. With an average price target of $48.17 between Citigroup, Scotiabank, and BMO Capital, there's an implied 23.44% upside for Newmont Corp from these 3 analyst ratings.
Analyst Firms Making Recommendations1
Citigroup
Scotiabank
BMO Capital
RBC Capital
TD Securities
1calculated from analyst ratings published within the last 3 years
Analyst Ratings for Newmont
date | ticker | Buy Now | Company | Current price | Upside/Downside | Analyst Firm | Analyst & % Accurate | Price Target Change | Rating Change | Previous / Current Rating | Get Alert |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 04/04/2024 | NEM | Buy Now | Newmont | $39.02 | 15.33% | Citigroup | Alexander Hacking | $60 → $45 | Maintains | Buy | Get Alert |
| 02/28/2024 | NEM | Buy Now | Newmont | $39.02 | 11.48% | Scotiabank | Tanya Jakusconek | $50 → $43.5 | Maintains | Sector Perform | Get Alert |
| 02/15/2024 | NEM | Buy Now | Newmont | $39.02 | 43.52% | BMO Capital | Jackie Przybylowski | $57 → $56 | Maintains | Outperform | Get Alert |
| 02/08/2024 | NEM | Buy Now | Newmont | $39.02 | 2.51% | RBC Capital | Josh Wolfson | $45 → $40 | Maintains | Sector Perform | Get Alert |
| 01/17/2024 | NEM | Buy Now | Newmont | $39.02 | 51.2% | BMO Capital | Jackie Przybylowski | $62 → $59 | Maintains | Outperform | Get Alert |
| 01/10/2024 | NEM | Buy Now | Newmont | $39.02 | 17.89% | TD Securities | Greg Barnes | → $46 | Downgrade | Buy → Hold | Get Alert |
| 12/13/2023 | NEM | Buy Now | Newmont | $39.02 | 2.51% | UBS | Cleve Rueckert | $42 → $40 | Maintains | Neutral | Get Alert |
| 11/21/2023 | NEM | Buy Now | Newmont | $39.02 | 15.33% | Macquarie | Andrew Bowler | → $45 | Initiates | → Outperform | Get Alert |
| 11/07/2023 | NEM | Buy Now | Newmont | $39.02 | 48.64% | BMO Capital | Jackie Przybylowski | → $58 | Reinstates | Outperform → Outperform | Get Alert |
| 10/04/2023 | NEM | Buy Now | Newmont | $39.02 | -2.61% | Jefferies | Chris LaFemina | $44 → $38 | Maintains | Hold | Get Alert |
| 09/07/2023 | NEM | Buy Now | Newmont | $39.02 | 56.33% | Raymond James | Brian MacArthur | $62 → $61 | Maintains | Outperform | Get Alert |
| 09/06/2023 | NEM | Buy Now | Newmont | $39.02 | 33.26% | RBC Capital | Josh Wolfson | → $52 | Reiterates | Sector Perform → Sector Perform | Get Alert |
| 08/29/2023 | NEM | Buy Now | Newmont | $39.02 | 7.64% | UBS | Cleve Rueckert | $53 → $42 | Maintains | Neutral | Get Alert |
| 07/25/2023 | NEM | Buy Now | Newmont | $39.02 | 28.14% | Argus Research | William Selesky | $55 → $50 | Maintains | Buy | Get Alert |
| 07/24/2023 | NEM | Buy Now | Newmont | $39.02 | 40.95% | TD Securities | Greg Barnes | $59 → $55 | Maintains | Buy | Get Alert |
| 07/21/2023 | NEM | Buy Now | Newmont | $39.02 | 28.14% | CIBC | Anita Soni | $54 → $50 | Downgrade | Outperformer → Neutral | Get Alert |
| 07/07/2023 | NEM | Buy Now | Newmont | $39.02 | 56.33% | Barclays | Matthew Murphy | $62 → $61 | Upgrade | Equal-Weight → Overweight | Get Alert |
| 04/28/2023 | NEM | Buy Now | Newmont | $39.02 | 66.58% | BMO Capital | Jackie Przybylowski | $64 → $65 | Maintains | Outperform | Get Alert |
| 04/21/2023 | NEM | Buy Now | Newmont | $39.02 | 71.71% | Goldman Sachs | Emily Chieng | $58 → $67 | Maintains | Buy | Get Alert |
FAQ
What is the target price for Newmont (NEM)?
The latest price target for Newmont (NYSE: NEM) was reported by Citigroup on April 4, 2024. The analyst firm set a price target for $45.00 expecting NEM to rise to within 12 months (a possible 15.33% upside). 20 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Newmont (NEM)?
The latest analyst rating for Newmont (NYSE: NEM) was provided by Citigroup, and Newmont maintained their buy rating.
When was the last upgrade for Newmont (NEM)?
The last upgrade for Newmont Corp happened on July 7, 2023 when Barclays raised their price target to $61. Barclays previously had an equal-weight for Newmont Corp.
When was the last downgrade for Newmont (NEM)?
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.
When is the next analyst rating going to be posted or updated for Newmont (NEM)?
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 April 4, 2024 so you should expect the next rating to be made available sometime around April 4, 2025.
Is the Analyst Rating Newmont (NEM) correct?
While ratings are subjective and will change, the latest Newmont (NEM) rating was a maintained with a price target of $60.00 to $45.00. The current price Newmont (NEM) is trading at is $39.02, which is out of the analyst’s predicted range.
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