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Newmont Mining (NEM): analyst forecast and price target

$119 +2.43% close 16.10.26 · market cap $122B · Basicmaterials · Gold SPY 0.18%
Price targets and ratings of

Analyst consensus

Strong Buy

11 Buy1 Hold0 Sell

Ratings of 12 analysts in the last 3 months · top analysts only

12-month forecast

$138+16.4% upside

Based on 12 price targets given in the last 3 months, the average target is $138, the highest $155, the lowest $110. The average is +16.4% from the last price of $119.

$75.00$100$125$150Jan 26AprJulOctJan 27AprJulOctHigh$155Average$138Low$110
Highest target $155 Average target $138 Lowest target $110
AnalystFirmPrice target RatingUpsideAction Date Move vs SPY
Anita Soni★★★★★★★★★★#514 · hits 54% · avg +20.1% CIBC $170 → $154−9.4% Buy +29.8% Reiterated 16.10.26on TipRanks 09:35 +3.5%
Josh Wolfson★★★★★★★★★★#88 · hits 68% · avg +23.1% RBC Capital $155 Buy +30.7% Reiterated 13.10.26on TipRanks 21:45 −2.4%next day +3.5%
Bob Brackett★★★★★★★★★★#584 · hits 63% · avg +17.6% Bernstein $144 Buy +21.4% Reiterated 21.09.26on TipRanks 09:08 −1.8%next day +3.4% · 5 days −4.7%
Daniel Major★★★★★★★★★★#449 · hits 64% · avg +20.8% UBS $120 → $155+29.2% Buy +30.7% Assigned 16.09.26on TipRanks 07:55 −1.5%next day +1.0% · 5 days −0.6%
Hugo Nicolaci★★★★★★★★★★#2020 · hits 62% · avg +9.7% Goldman Sachs $111 → $128+15.3% Buy +7.5% Reiterated 15.09.26on TipRanks 07:10 +1.4%next day −1.5% · 5 days +0.1%
Steven Green★★★★★★★★★★#1789 · hits 48% · avg +10.5% TD Cowen $133 Buy +12.1% Reiterated 31.08.26on TipRanks Sep 7 02:27 −1.2%next day −2.0% · 5 days +1.2%
Lawson Winder★★★★★★★★★★#424 · hits 57% · avg +16.2% Bank of America Securities $135 → $145+7.4% Buy +22.3% Assigned 16.08.26on TipRanks Aug 17 05:29 +2.7%next day −2.9% · 5 days +10.8%
Richard Garchitorena★★★★★★★★★★#2557 · hits 59% · avg +9.1% Barclays $124 Buy +4.6% Reiterated 13.08.26on TipRanks 04:25 −3.8%next day +3.3% · 5 days +13.7%
Tanya Jakusconek★★★★★★★★★★#661 · hits 61% · avg +18.1% Scotiabank $147 → $149+1.4% Hold +25.6% Reiterated 12.08.26on TipRanks 07:15 +0.3%next day −3.8% · 5 days +6.6%
Matt Murphy★★★★★★★★★★#88 · hits 71% · avg +33.1% BMO Capital $135 Buy +13.8% Reiterated 11.08.26on TipRanks 08:35 +0.3%next day +0.3% · 5 days −0.6%
Alexandra Yates★★★★★★★★★★#1237 · hits 85% · avg +33.3% Argus Research $125 → $110−12.0% Buy −7.3% Reiterated 31.07.26on TipRanks Aug 4 08:32 −2.9%next day +0.3% · 5 days +17.1%
Alexander Hacking★★★★★★★★★★#479 · hits 67% · avg +19.1% Citi $150 → $125−16.7% Buy +5.4% Reiterated 22.07.26on TipRanks Jul 24 05:14 +3.6%next day +0.2% · 5 days −2.2%
Unknown Analyst Jefferies $146 Buy +23.1% Reiterated 05.07.26on TipRanks Jul 9 06:40 +0.3%next day −2.7% · 5 days −4.9%
Ralph M. Profiti★★★★★★★★★★#372 · hits 65% · avg +23.9% Stifel Nicolaus $175 Buy +47.6% Reiterated 24.04.26on TipRanks 08:15 +7.9%next day −4.0% · 5 days −10.9%
Unknown Analyst Canaccord Genuity $140 → $150+7.1% Buy +26.5% Reiterated 17.04.26on TipRanks 22:40 −1.2%next day −4.2% · 5 days +0.2%
Shane Nagle★★★★★★★★★★#28 · hits 76% · avg +42.2% National Bank $130 Hold +9.6% Downgrade 16.04.26on TipRanks 20:05 +1.5%next day −1.2% · 5 days +3.1%
Brian MacArthur★★★★★★★★★★#41 · hits 69% · avg +30.2% Raymond James $111 → $130+17.1% Buy +9.6% Reiterated 14.01.26on TipRanks 16:46 −0.2%next day 0.0% · 5 days +9.3%
Alan Spence★★★★★★★★★★#1490 · hits 49% · avg +12.1% Exane BNP Paribas $97.00 Hold −18.2% Downgrade 05.12.25on TipRanks 05:05 −1.2%next day −0.5% · 5 days +9.9%

The latest rating of each analyst in the last 12 months, as TipRanks lists them. Every rating kept, earlier ones included

Best analysts covering Newmont Mining

TipRanks picks them by their record on this stock; the figures under the name are their record across all their ratings.

Most accurate

3 months Fahad Tariq★★★★★★★★★★Jefferies · #709
Hits 71%107 of 150 Average return +17.3%
1 year Brian MacArthur★★★★★★★★★★Raymond James · #41
Hits 69%331 of 479 Average return +30.2%
2 years Brian MacArthur★★★★★★★★★★Raymond James · #41
Hits 69%331 of 479 Average return +30.2%

Most profitable

3 months Fahad Tariq★★★★★★★★★★Jefferies · #709
Hits 71%107 of 150 Average return +17.3%
1 year Brian MacArthur★★★★★★★★★★Raymond James · #41
Hits 69%331 of 479 Average return +30.2%
2 years Brian MacArthur★★★★★★★★★★Raymond James · #41
Hits 69%331 of 479 Average return +30.2%

How the average price target moved

The average target of all analysts (their ratings of the 3 months before) on each day, the top analysts’ dashed, against the price; the site keeps this record since 1 October 2026. On 01.10.26: target $140 at a price of $115 (+21.3%); now: $138 at $119 (+16.4%).

$110$120$130$140Sep 15Oct 1Oct 15Top analysts$138Average target$138Price$119

PriceAverage targetTop analysts’ target

Recommendation trend · top analysts

01020301277Oct 251254Nov1233Dec1121Jan 262191Feb322Mar3262Apr2192May2142Jun515Jul5201Aug4241Sep151Oct

Strong BuyBuyHoldSell

Rating05.2606.2607.2608.2609.2610.26
Strong Buy225540
Buy191415202415
Hold220111
Sell000000

Earnings and sales forecast

Next report: 22.10.26 (Q3 2026, date not confirmed)

Earnings per share

Next quarter’s EPS estimate — $1.95 (from $1.75 to $2.19). Last quarter: $2.10.

Sales

Next quarter’s sales estimate — $6.3B (from $6.0B to $6.5B). Last quarter: $6.2B.

Best top-analyst consensus in the sector · Basicmaterials

HBMnot in our ETFs
KGCnot in our ETFs
USARUSA Rare Earth
SSRMSSR Mining
EQXnot in our ETFs
About Newmont Mining
  • CEO: Natascha Viljoen
  • Employees: 17,500
  • 6900 East Layton Avenue, Denver, CO, 80237, US
  • www.newmont.com

Newmont Corporation is primarily involved in the mining and exploration of gold resources. Additionally, the company undertakes prospecting for other base and precious metals, including copper, silver, zinc, and lead. Its operations and assets are geographically widespread, located across various countries such as the United States, Canada, Mexico, the Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of the close of 2021 (December 31st), Newmont reported substantial proven and probable gold reserves, totaling 92.8 million ounces, and managed a vast land portfolio covering 62,800 square kilometers. Founded in 1916, the company's corporate headquarters are situated in Denver, Colorado.

Data from the stock’s TipRanks forecast page, read 26 min ago. It is read again as soon as a new rating appears and at least every 8 hours. TipRanks ↗