
Newmont Mining (NEM) Stock Forecast & Price Target
Newmont Mining (NEM) Analyst Ratings
Bulls say
Newmont's strategic acquisition of Goldcorp and Newcrest, coupled with its joint venture with Barrick, significantly enhances its position as the world's largest gold miner, underscoring its diversified portfolio across multiple geographies. The company is projected to sell approximately 5.3 million ounces of gold in 2026 from its continuing mines, further bolstered by an extensive reserve base that includes around two decades of gold reserves and substantial byproduct reserves. Additionally, RBC forecasts a sustainable free cash flow for Newmont in the upcoming years, driven by increased investment and higher incremental production, supporting a favorable outlook for the company's financial performance.
Bears say
The excerpts indicate that Newmont's stock has underperformed compared to its peers, which could signify deeper issues within the company's market position or operational efficiency. Additionally, a downside scenario projects a share price target of US$41, derived from an assumption of lower long-term gold prices at US$2,500 per ounce, suggesting vulnerability to adverse market conditions. Maintaining existing operating and financial assumptions while facing potential declines in gold prices raises concerns regarding the sustainability of Newmont's financial performance and overall competitiveness in the mining sector.
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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