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Newmont Corp has a consensus price target of $53.55 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, Raymond James, and Scotiabank on October 30, 2024, October 25, 2024, and October 25, 2024, respectively. With an average price target of $58.33 between UBS, Raymond James, and Scotiabank, there's an implied 35.00% upside for Newmont Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Newmont (NYSE:NEM) was reported by JP Morgan on November 19, 2024. The analyst firm set a price target for $0.00 expecting NEM to fall to within 12 months (a possible -100.00% downside). 27 analyst firms have reported ratings in the last year.
The latest analyst rating for Newmont (NYSE:NEM) was provided by JP Morgan, and Newmont upgraded their overweight rating.
The last upgrade for Newmont Corp happened on November 19, 2024 when JP Morgan raised their price target to N/A. JP Morgan previously had a neutral for Newmont Corp.
The last downgrade for Newmont Corp happened on October 30, 2024 when UBS changed their price target from $67 to $54 for Newmont Corp.
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 November 19, 2024 so you should expect the next rating to be made available sometime around November 19, 2025.
While ratings are subjective and will change, the latest Newmont (NEM) rating was a upgraded with a price target of $0.00 to $0.00. The current price Newmont (NEM) is trading at is $43.21, which is out of the analyst’s predicted range.
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