Newmont Corporation (NEM) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Buy
Based on 36 analysts52.4% Below Target
NEM trades 52.4% below Wall Street's consensus target of $144.88.
Current Price$95.06
Average Target$144.88
Target
Current
Low$120.00
Median$139.00
High$175.00
Analyst Target Range
Forward P/E9.4x
(Value)
PEG Ratio0.73
(Undervalued)
Implied Growth—
Analyst Spread38.0%
(Moderate)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes NEM achieves its forward estimates and maintains a stable P/E multiple of 9.4x. This scenario reflects the blended consensus of 36 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
NEM Price Target Analysis
Updated July 8, 2026As of July 8, 2026, Newmont Corporation (NEM) has a Wall Street consensus price target of $144.88, based on estimates from 36 covering analysts. With the stock currently trading at $95.06, this represents a potential upside of +52.4%. The company has a market capitalization of $105.33B.
Analyst price targets range from a low of $120.00 to a high of $175.00, representing a 38% spread in expectations. The median target of $139.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 27 analysts rating the stock as a Buy or Strong Buy,9 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, NEM trades at a trailing P/E of 14.8x and forward P/E of 9.4x. The forward PEG ratio of 0.73 suggests the stock may be undervalued relative to its growth.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $110.37, with bear and bull scenarios of $69.53 and $145.42 respectively. Model confidence stands at 44/100, suggesting limited visibility into future performance.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Basic Materials stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+64.2%
Industry Consensus
Avg Forward P/E
12.8x
(Value)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 AEMAgnico Eagle Mines Limited | $75.2B | $150.33 | $241.50 | +60.6% | Buy | 11.2x | 31 |
 KGCKinross Gold Corporation | $28.6B | $23.87 | $43.00 | +80.1% | Buy | 7.9x | 29 |
 AUAngloGold Ashanti Plc | $41.4B | $82.01 | $145.80 | +77.8% | Buy | 8.3x | 14 |
 GFIGold Fields Limited | $30.1B | $33.58 | $59.13 | +76.1% | Hold | 6.0x | 18 |
 WPMWheaton Precious Metals Corp. | $50.8B | $111.89 | $165.00 | +47.5% | Buy | 20.8x | 20 |
 FNVFranco-Nevada Corporation | $40.4B | $209.60 | $291.50 | +39.1% | Buy | 23.5x | 26 |
 RGLDRoyal Gold, Inc. | $13.6B | $196.61 | $315.00 | +60.2% | Buy | 17.4x | 28 |
 EGOEldorado Gold Corporation | $6.4B | $32.02 | $52.67 | +64.5% | Hold | 7.9x | 24 |
 IAGIAMGOLD Corporation | $9.4B | $15.88 | $29.50 | +85.8% | Buy | 6.6x | 30 |
 HLHecla Mining Company | $10.4B | $15.56 | $23.35 | +50.1% | Hold | 18.5x | 26 |
NEM — Frequently Asked Questions
Quick answers to the most common questions about buying NEM stock.
What is the NEM stock price target for 2026?
The consensus Wall Street price target for NEM is $144.88, representing 52.4% upside from the current price of $95.06. With 36 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
Is NEM a buy, sell, or hold?
NEM has a consensus rating of "Buy" based on 36 Wall Street analysts. The rating breakdown is predominantly bullish, with 27 Buy/Strong Buy ratings. The consensus 12-month price target of $144.88 implies 52.4% upside from current levels.
Is NEM stock overvalued or undervalued?
With a forward P/E of 9.4027x, NEM trades at a relatively low valuation. The consensus target of $144.88 implies 52.4% appreciation, suggesting meaningful undervaluation.
How high can NEM stock go?
The most bullish Wall Street analyst has a price target of $175 for NEM, while the most conservative target is $120. The consensus of $144.88 represents the median expectation. Our quantitative valuation model projects a bull case target of $145 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover NEM stock?
NEM is heavily covered by Wall Street, with 36 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 27 have Buy ratings, 9 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the NEM stock forecast?
The 12-month NEM stock forecast based on 36 Wall Street analysts shows a consensus price target of $144.88, with estimates ranging from $120 (bear case) to $175 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $110, with bear/bull scenarios of $70/$145.
What is NEM's fair value based on fundamentals?
Our quantitative valuation model calculates NEM's fair value at $110 (base case), with a bear case of $70 and bull case of $145. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 44/100.
What is NEM's forward P/E ratio?
NEM trades at a forward P/E ratio of 9.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 14.8x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy NEM stock?
Wall Street analysts are very optimistic on NEM, with a "Buy" consensus rating and $144.88 price target (52.4% upside). 27 of 36 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do NEM price targets vary so much?
NEM analyst price targets range from $120 to $175, a 38% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $144.88 consensus represents the middle ground. Our model's $70-$145 range provides an independent fundamental perspective.
Consensus-Based Analysis Tools
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