
Newmont Mining (NEM) Stock Forecast & Price Target
Newmont Mining (NEM) Analyst Ratings
Bulls say
Newmont, the world's largest gold miner, has positioned itself for sustained success following its strategic acquisitions, including Goldcorp in 2019 and Newcrest in 2023, creating a robust portfolio that encompasses 11 mines and interests in joint ventures across multiple continents. With an expected production of approximately 5.3 million ounces of gold in 2026 from its continuing operations, the company is set to benefit from rising gold prices projected to exceed $4,000 per ounce in the second half of 2026. Furthermore, Newmont's strong free cash flow forecast is supported by a balanced approach to rising investments and incremental production gains, which positions the company favorably for the future.
Bears say
Newmont's stock has recently underperformed compared to its peers, indicating a potential weakness in market perception and demand. The company's downside scenario estimates suggest a challenging environment, with projections for long-term gold prices at US$2,500 per ounce, which may undermine revenue and profitability. Furthermore, despite possessing about two decades of gold reserves, the decision to divest higher-cost mines following the Newcrest acquisition may signal ongoing operational challenges that could impact future production levels.
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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