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Newmont Corp has a consensus price target of $52.95 based on the ratings of 23 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 Scotiabank, Raymond James, and UBS on January 21, 2025, November 25, 2024, and October 30, 2024, respectively. With an average price target of $54.33 between Scotiabank, Raymond James, and UBS, there's an implied 28.90% 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 Scotiabank on January 21, 2025. The analyst firm set a price target for $50.00 expecting NEM to rise to within 12 months (a possible 18.62% upside). 27 analyst firms have reported ratings in the last year.
The latest analyst rating for Newmont (NYSE:NEM) was provided by Scotiabank, and Newmont maintained their sector perform 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 January 21, 2025 so you should expect the next rating to be made available sometime around January 21, 2026.
While ratings are subjective and will change, the latest Newmont (NEM) rating was a maintained with a price target of $52.00 to $50.00. The current price Newmont (NEM) is trading at is $42.15, which is out of the analyst’s predicted range.
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