Newmont (NEM)
(Delayed Data from NYSE)
$54.30 USD
+0.90 (1.69%)
Updated Oct 11, 2024 04:00 PM ET
After-Market: $54.31 +0.01 (0.02%) 7:58 PM ET
3-Hold of 5 3
C Value B Growth A Momentum B VGM
Newmont Corporation (NEM) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$58.89 | $68.00 | $46.00 | 10.28% |
Price Target
Based on short-term price targets offered by 18 analysts, the average price target for Newmont Corporation comes to $58.89. The forecasts range from a low of $46.00 to a high of $68.00. The average price target represents an increase of 10.28% from the last closing price of $53.40.
Analyst Price Targets (18)
Broker Rating
Newmont Corporation currently has an average brokerage recommendation (ABR) of 1.61 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 18 brokerage firms. The current ABR compares to an ABR of 1.65 a month ago based on 17 recommendations.
Of the 18 recommendations deriving the current ABR, 12 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 66.67% and 5.56% of all recommendations. A month ago, Strong Buy made up 64.71%, while Buy represented 5.88%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 12 | 12 | 11 | 9 | 9 |
Buy | 1 | 1 | 1 | 1 | 1 |
Hold | 5 | 5 | 5 | 7 | 7 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.61 | 1.61 | 1.65 | 1.88 | 1.88 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
10/4/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
9/30/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
9/27/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
9/23/2024 | Raymond James Ltd. | Brian Macarthur | Moderate Buy | Moderate Buy |
9/18/2024 | Not Identified | Not Identified | Hold | Hold |
9/17/2024 | UBS | Daniel Major | Strong Buy | Strong Buy |
8/29/2024 | Argus Research Corp. | David E Coleman | Not Available | Strong Buy |
8/19/2024 | Scotiabank | Tanya Jakusconek | Hold | Strong Buy |
8/12/2024 | National Bank Financial | Mike Parkin | Hold | Hold |
7/29/2024 | Macquarie Capital Securities | Andrew Bowler | Strong Buy | Strong Buy |
7/23/2024 | Canaccord Genuity | Carey Macrury | Strong Buy | Strong Buy |
7/19/2024 | BMO Capital Markets | Jackie Przybylowski | Strong Buy | Strong Buy |
7/10/2024 | CIBC World Markets Corp. | Anita Soni | Hold | Strong Buy |
7/8/2024 | Not Identified | Not Identified | Hold | Hold |
6/21/2024 | Exane BNP Paribas | Alan Spence | Not Available | Strong Buy |
4/22/2024 | TD Securities | Gregory Barnes | Hold | Hold |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 1.61 |
ABR (Last week) | 1.61 |
# of Recs in ABR | 18 |
Average Target Price | $59.56 |
LT Growth Rate | 38.10% |
Industry | Mining - Gold |
Industry Rank by ABR | 47 of 252 |
Current Quarter EPS Est: | 0.77 |
NEM FAQs
Newmont Corporation (NEM) currently has an average brokerage recommendation (ABR) of 1.61 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 18 brokerage firms.
The average price target for Newmont Corporation (NEM) is $59.56. The current on short-term price targets is based on 5 reports.
The forecasts for Newmont Corporation (NEM) range from a low of $46 to a high of $68. The average price target represents a increase of $9.69 from the last closing price of $54.30.
The current UPSIDE for Newmont Corporation (NEM) is 9.69%
Based on short-term price targets offered by 18 analysts, the average price target for Newmont Corporation comes to $58.89. The forecasts range from a low of $46.00 to a high of $68.00. The average price target represents an increase of 10.28% from the last closing price of $53.40.