
Newmont Mining (NEM) Stock Forecast & Price Target
Newmont Mining (NEM) Analyst Ratings
Bulls say
Newmont, the world's largest gold miner, is expected to sell approximately 5.3 million ounces of gold in 2026 from its continuing operations, which positions the company favorably in an environment of rising gold prices projected to exceed $4,000 per ounce in the second half of 2026. The recent acquisition of Newcrest and the strategic divestiture of six higher-cost mines enhance Newmont's portfolio, securing about two decades' worth of gold reserves alongside substantial byproduct reserves. Furthermore, Newmont is anticipated to maintain sustainable free cash flow in the coming years, supported by increasing investments and higher incremental production, bolstering positive financial outlooks.
Bears say
Newmont has recently experienced a lag in share performance compared to its peers, raising concerns regarding its competitive positioning in the market. The company's downside scenario suggests a potential share price of US$41, driven by assumptions of lower long-term gold prices at US$2,500 per ounce. These factors, coupled with the recent challenges of integrating the Goldcorp and Newcrest acquisitions and the divestiture of higher-cost mines, contribute to a negative outlook for the stock.
This aggregate rating is based on analysts' research of Newmont Mining and is not a guaranteed prediction by Public.com or investment advice.
Newmont Mining (NEM) Analyst Forecast & Price Prediction
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