
Newmont Mining (NEM) Stock Forecast & Price Target
Newmont Mining (NEM) Analyst Ratings
Bulls say
Newmont, as the world's largest gold miner, has significantly expanded its portfolio through its acquisition of Goldcorp in 2019 and the recent purchase of Newcrest in November 2023, which positions the company favorably within the competitive landscape. With expectations of selling approximately 5.6 million ounces of gold in 2025 from core operations and a robust reserve base projected to last for two decades, Newmont is well-equipped for continued production. Additionally, forecasts indicate sustaining free cash flow in the coming years due to increased investment complemented by higher incremental production, reflecting a strong financial outlook for the company.
Bears say
Newmont's stock has recently underperformed relative to its peers, which raises concerns regarding its competitive position in the gold mining sector. The company faces a downside scenario with an estimated price of US$41 per share, driven largely by projected lower long-term gold prices of US$2,500 per ounce. Despite a robust portfolio that includes significant gold and byproduct reserves, these financial dynamics and market conditions contribute to a negative outlook for Newmont's shares.
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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