Newmont (NEM) Stock Forecast & Price Target (2026)

Jump to any asset 844 assets, updated daily

Last updated: October 15, 2026 • Price at analysis: $111.56

CleaRank Financial AI • AI-powered analysis using real-time market data from TwelveData

Analysis reviewed by Roger Wohlner, Financial Journalist. Data refreshed daily. Not financial advice.

Newmont Corporation (NEM) is currently trading at $111.56, below its 50-day and 200-day moving averages ($121.26 and $112.02), indicating near-term technical weakness. The stock's 14-day RSI is at 37.7, signaling bearish momentum. Despite these technical challenges, the company benefits from a strong analyst consensus, with 23 analysts rating it a 'Buy' or 'Strong Buy', and a median price target of $140.00, implying a 25.5% upside. Fundamentally, Newmont exhibits strong profitability with a net profit margin of 33.36% and an operating margin of 51.57%. Its return on equity stands at a healthy 25.91%, and its debt-to-equity ratio is a low 0.16, comparing favorably to sector averages. The company's revenue growth was reported at 15.1%, and forward estimates suggest continued expansion.

NEM at a glance

Newmont Corporation (NEM): Buy, 76/100 on CleaRank's AI score.

Trend Down: the price is below both its 50- and 200-day moving averages ($121.26 and $112.02).
Earnings NEM beat estimates in 3 of its last 3 quarters, yet fell the next day after 2 of those beats.
Insiders Insiders sold $14.3M and made no open-market purchases over the last 18 months.
Valuation P/E of 14.6 against 30.2 for the Basic Materials sector: a discount to peers (-52%).

As of October 15, 2026, Newmont Corporation (NEM) trades at $111.56. Wall Street's consensus target is $140.00 across 23 analysts. The 14-day RSI (daily closes) is 38, showing bearish momentum without being oversold, and the price is below its 50-day simple moving average of $121.26.

Figures as of October 15, 2026.

Only on CleaRank

Figures we compute ourselves from NEM's own price, earnings and insider-filing history. Tap one to see it in context.

33 sales, 0 purchases

Seasonality

Dec +5.5% · Oct -2.5%

average best and worst month; Dec rose in 8 of 10 years

Moves with

SPY +0.31 · BTC +0.32 · Gold +0.77

1-year correlation of daily returns

Worst fall, 10 years

-63.8%

recovered in 19 months

Analyst targets

$67.00 to $170.00

median $140.00; 20 of 23 say buy

2030 simulation

$154.57 base

10th-90th percentile $61.75 to $386.89

NEM Price Analysis

Market Metrics

Open

$112.99

Day Range

$109.84 to $113.95

Prev Close

$115.59

Volume

6.64M

52-Week Range

$76.05 to $135.29

Market Cap

$117.55B

Peer Benchmarking

Valuation vs Sector (Basic Materials)

Performance vs XLB

Sector Position Analysis

Trading at a notable discount to sector peers (-52%), which may indicate undervaluation or specific company headwinds.

NEM Financial Performance

Revenue vs. Earnings

Annual

Quarterly

Earnings Reality Check

In the last 3 quarters, NEM beat the analyst estimate 3 times; the stock fell in the first session after 2 of those beats.

NEM earnings surprises and the stock's reaction
Report	EPS estimate	EPS actual	Surprise	First session	5 sessions
Jul 23, 2026	$1.99	$2.10	+5.53%	-1.62%	+1.10%
Apr 23, 2026	$2.17	$2.90	+33.64%	+8.68%	+0.03%
Feb 19, 2026	$2.03	$2.52	+24.14%	-2.61%	+1.65%

The first session is the first full trading day on the news: the report day itself for a report before the open, the next day for one after the close. Surprise is actual EPS against the consensus estimate.

As of October 15, 2026, NEM has beaten the analyst EPS estimate in 3 of its last 3 reported quarters and fell in the first trading session after 2 of those beats; its latest report, on July 23, 2026, came in 5.53% above the estimate and the stock moved -1.62% in the first session.

NEM Analysis

Company's Health 3/5

12-Month Analyst Target +25.49% above price

Median of 23 analysts (12-month)

$140.00

AI Analyst Consensus Score Buy

Newmont Corporation's stock is currently trading below its 50-day SMA of $121.26 and its 200-day SMA of $112.02, indicating a bearish trend in the short to medium term. The 14-day RSI is at 37.7, reflecting bearish momentum, and the MACD is negative at -1.89. The 20-day EMA at $117.62 also sits above the current price, reinforcing the bearish technical picture. Volume on the latest trading day was 6.64 million shares, which is 40.2% above the average volume, indicating increased activity as the price moves lower. This pattern suggests selling pressure may be intensifying.

ProTips

Monitor Newmont Corporation's ability to reclaim its 50-day and 200-day moving averages, as this will be a key indicator of a potential trend reversal.

Key Catalysts

Bullish Positive Analyst Rating Changes

TD Cowen upgraded Newmont Corporation to 'Buy' on July 14, 2026, following a period of positive analyst sentiment. Such upgrades can signal increasing institutional interest and support price appreciation.

Source: Wall Street Analyst Ratings

Bullish Consistent EPS Beats

Newmont has a track record of beating analyst EPS estimates, including a 5.53% beat in its most recent report (July 23, 2026). Continued earnings outperformance could drive positive stock performance.

Source: Earnings Reports

Bearish Moderate Insider Selling Signal

Insiders have been net sellers, with $14.3 million in sales across recent filings, indicating a moderate sell signal. This suggests a lack of strong insider conviction in the near term.

Source: Insider Trading Data

Neutral Trading Below Key Moving Averages

The stock is currently trading below its 50-day SMA ($121.26) and 200-day SMA ($112.02), indicating a bearish technical trend. A sustained break above these levels would be required to signal a bullish reversal.

Source: Technical Analysis

Market Outlook

The base case for Newmont Corporation anticipates a recovery from current technical lows, supported by strong fundamental performance and positive long-term growth estimates. Analysts project earnings per share to reach $10.23 next year, with an average annual growth rate of 14.2% over the next five years. Key upside catalysts could include continued strong earnings beats and positive analyst rating upgrades, as seen with TD Cowen's upgrade to 'Buy' in July 2026. Conversely, a failure to break above key moving averages like the 50-day SMA at $121.26 and persistent insider selling could weigh on the stock, potentially leading to a retest of lower support levels.

Key Statistics

Market Cap	117.55B
P/E Ratio	14.58
EPS (TTM)	7.93
Dividend Yield	0.92%
52 Week High	135.29
52 Week Low	76.05

As of October 15, 2026, NEM trades at $111.56, with a market value of $117.55B, a P/E ratio of 14.58 and a dividend yield of 0.92%.

Newmont Corporation's valuation metrics show a mixed picture, with a P/E ratio of 14.58 and a price-to-sales ratio of 4.73. While the P/E is below the sector average of 30.2, the price-to-sales ratio is slightly above the sector average of 4.2. The company's profitability is strong, with a net profit margin of 33.36% and an operating margin of 51.57%, significantly outperforming sector averages. Its return on equity is a strong 25.91%, and the debt-to-equity ratio is a conservative 0.16, well below the sector average. Revenue growth of 15.1% is solid, and forward estimates indicate continued growth, with current year revenue growth projected at 18.00%. The company's strong balance sheet and profitability provide a solid foundation, even as current technicals suggest caution.

Earnings & Growth Analysis

Newmont Corporation most recently reported earnings on July 23, 2026, with an EPS of $2.10, beating the estimate of $1.99 by 5.53%. This beat was accompanied by a 1.62% decrease in stock price. Prior to this, the company delivered a significant EPS beat of 33.64% on April 23, 2026, which coincided with an 8.68% stock price increase. Overall, the company has demonstrated a pattern of beating analyst EPS estimates, though the market reaction has been mixed.

Key Risks

Newmont Corporation faces risks related to its current technical positioning, trading below key moving averages with bearish momentum indicators. Insider activity shows a net seller stance, with $14.3 million in sales across recent filings, signaling moderate sell signals from insiders. Additionally, the company's price-to-sales ratio is slightly above the sector average, suggesting potential overvaluation relative to peers.

Technical Indicators i

RSI (14-day)	37.70
MACD (12, 26)	-1.89
SMA (50-day)	121.26
SMA (200-day)	112.02

Technical Rating Bearish

RSI

Bearish

SMA Cross

Bullish

Price vs SMA

Bearish

MACD

Bearish

Golden Cross in effect with the 50-day SMA ($121.26) above the 200-day SMA ($112.02), price is trading below the 50-day SMA.

As of October 15, 2026, with NEM at $111.56, its 14-day RSI is 37.7 (showing bearish momentum without being oversold), its 50-day simple moving average is $121.26 and its 200-day is $112.02.

Calculated by CleaRank on daily closes as of October 15, 2026: Wilder's 14-day RSI, 50- and 200-day simple moving averages, MACD line (12, 26).

Market Correlations

How this stock moves relative to other assets

Based on 1 year of daily price data. Correlations may vary over different time periods.

S&P 500 (SPY) +0.31

Weak correlation

Nasdaq 100 (QQQ) +0.31

Weak correlation

Bitcoin (BTC) +0.32

Weak correlation

Gold (XAU) +0.77

Strong correlation

As of October 15, 2026, NEM's 1-year correlation of daily returns is +0.31 with S&P 500 (SPY), +0.31 with Nasdaq 100 (QQQ), +0.32 with Bitcoin (BTC) and +0.77 with gold (XAU).

Check Custom Correlation

How does any other asset move with NEM? One year of daily closes, Pearson correlation.

Try

NEM Wall Street View

12-month price targets

Low $67.00 Median $140.00 (+25.5%) High $170.00

Ratings

Buy 20 Hold 2 Sell 1 3 months ago: 20 of 23 buy

Recent rating actions

Recent analyst rating actions on NEM
Date	Firm	Action	Rating
Sep 16, 2026	RBC Capital	Maintains	Outperform
Sep 9, 2026	Bernstein	Maintains	Outperform
Aug 12, 2026	Scotiabank	Maintains	Sector Outperform
Jul 28, 2026	Barclays	Maintains	Overweight
Jul 16, 2026	Barclays	Maintains	Overweight
Jul 14, 2026	Scotiabank	Maintains	Sector Outperform

As of October 15, 2026, 23 Wall Street analysts cover NEM: 20 rate it a buy or strong buy, 2 a hold and 1 a sell or strong sell. Their 12-month price targets range from $67.00 to $170.00, with a median of $140.00, 25.5% above the price of $111.56.

Source: TwelveData analyst consensus. Targets and ratings belong to the analysts, not to CleaRank.

NEM Trade Plans

Specific entry, exit, and risk management levels

Select Your Trade Bias

Risk Tolerance

Conservative 2% Aggressive

Portfolio Value

Position Size: Enter portfolio size →

Long entry pick an entry style

Conservative

$109.33

2% below current price (Pullback entry)

Lower risk, wait for pullback

Aggressive

$111.56

Buy at current price

Higher risk, immediate entry

Risk Management

STOP LOSS

$103.20

MAX LOSS

-5.6%

Volatility-Adjusted Stop Loss

Calculated based on RSI (37.7) and current market volatility

Profit Targets (Based on Conservative Entry)

TARGET 1

$114.80

+5% (Conservative)

+2.9% (Aggressive)

TARGET 2

$120.26

+10% (Conservative)

+7.8% (Aggressive)

TARGET 3

$125.73

+15% (Conservative)

+12.7% (Aggressive)

Calculate Your Trade

Position Size Stop Loss Risk/Reward P&L Calculator Trailing Stop Fibonacci Pivot Points Win Rate Expectancy

These levels come from NEM's moving averages and recent volatility, not from a forecast. Educational levels, not financial advice; the full disclaimer is at the foot of the page.

Seasonal Patterns

Historical monthly performance trends

Jan

+3.49%

up 7 of 10 yrs

Feb

-2.08%

up 4 of 10 yrs

Mar

+4.77%

up 7 of 10 yrs

Apr

+4.08%

up 5 of 10 yrs

May

+0.56%

up 5 of 10 yrs

Jun

-2.05%

up 4 of 10 yrs

Jul

+1.70%

up 6 of 10 yrs

Aug

+3.82%

up 5 of 10 yrs

Sep

-0.75%

up 3 of 10 yrs

Oct

-2.48%

up 3 of 9 yrs

Nov

+0.43%

up 5 of 10 yrs

Dec

+5.51%

up 8 of 10 yrs

Over the last 10 years, NEM's strongest calendar month has been December (average +5.51%, up in 8 of 10 years) and its weakest October (average -2.48%, up in 3 of 9 years).

Average return for each calendar month over the last 10 years, from weekly closing prices.

Risk & Volatility i

Risk Level High

Daily Volatility

2.01%

30-day std. deviation

52-Week Range

$76.05 47% from low $135.29

Growth of $10,000

A $10,000 investment in NEM in October 2016 would be worth about $31,847 today, compared with about $36,237 for the same investment in the S&P 500 benchmark. This is price change only; dividends paid along the way would add to it.

Compare with Another Ticker

NEM Drawdowns & Recovery

Worst fall, last 10 years

-63.8%

April 2022 to February 2024

Recovery

19 months

back at the old peak by September 2025

From the 10-year high

-17.4%

highest close, August 2026

1-year holds that gained

60%

of every 1-year window

As of October 15, 2026, NEM's worst peak-to-trough fall over the last 10 years was -63.8% (April 2022 to February 2024); it regained that peak by September 2025, 19 months after the low, and 60% of 1-year holding periods ended with a gain.

From weekly closing values. A drawdown is the fall from the highest value reached so far to a later low.

Monte Carlo Projection (10yr)

CleaRank's 10-year Monte Carlo simulation projects that a $10,000 investment in NEM today could grow to about $22,597 by 2036 in the base case, with a 90th-percentile outcome near $96,398 and a 10th-percentile outcome around $5,297. The simulation models price only; at today's 0.92% yield, dividends would add to these figures. Projections are statistical simulations, not guarantees.

NEM Stock Price Prediction: 2030

CleaRank's simulation projects a price near $155 for NEM by 2030 in the base case, from $112 today (1.4x over 4 years). The 10th-percentile path ends near $61.75. These are outcomes of a Monte Carlo simulation run on NEM's historical return distribution, not price targets, and they assume no dividends are reinvested.

NEM simulated price paths by year
Year	10th percentile	Base case	90th percentile
2027	$76.50	$121	$191
2028	$68.64	$131	$251
2029	$64.36	$142	$315
2030	$61.75	$155	$387
2031	$60.12	$168	$468

Method: a lognormal simulation of NEM's own volatility and capped historical trend, re-run daily; base case is the median path, the outer columns the 10th and 90th percentiles.

People Also Watch

NEM Insider Trading Analysis

Source: TwelveData, from SEC Form 4 filings

▲ Bought

None

No open-market buys

▼ Sold

$14.3M

33 Transactions

● Insiders

Active Traders

$ Avg Transaction

$432.4K

Moderate size

As of October 15, 2026, NEM insiders reported 33 open-market sales worth $14.3M and no open-market purchases over the last 18 months; grants and option exercises are not counted.

Recent insider transactions in NEM
Date	Insider	Type	Shares	Value
Sep 1, 2026	VILJOEN NATASCHA Chief Executive Officer	Sell	3.9K	$477.5K
Sep 1, 2026	TOTH PETER Officer	Sell	3.0K	$369.0K
Aug 24, 2026	BOYCE GREGORY H Director	Grant	46.9K	-
Aug 5, 2026	TABOLT BRIAN Chief Financial Officer	Sell	11.4K	$1.2M
Aug 5, 2026	VILJOEN NATASCHA Chief Executive Officer	Sell	7.8K	$807.5K
Aug 3, 2026	TOTH PETER Officer	Sell	3.0K	$280.4K
Jul 27, 2026	FRY DAVID JAMES Officer	Grant	3.7K	-
Jul 27, 2026	RODGERS MARK C Chief Operating Officer	Grant	7.0K	-
Jul 27, 2026	TABOLT BRIAN Chief Financial Officer	Grant	7.3K	-
Jul 27, 2026	THORNTON DAVID JOHN Chief Technology Officer	Grant	2.7K	-

Frequently Asked Questions

What are the key risks for Newmont Corporation?

Key risks include the stock's current bearish technical trend, with prices below its 50-day and 200-day moving averages ($121.26 and $112.02) and bearish 14-day RSI momentum. Insider selling activity also presents a moderate sell signal, with significant net sales reported.

What is the long-term outlook for Newmont Corporation?

The long-term outlook for Newmont Corporation appears positive, with projected earnings per share growth of 11.3% next year and an average annual growth rate of 14.2% over the next five years. Analysts anticipate continued revenue growth, supporting a bullish long-term view.

What was Newmont Corporation's most recent earnings performance?

On July 23, 2026, Newmont Corporation reported an EPS of $2.10, exceeding the analyst estimate of $1.99 by 5.53%. Despite this earnings beat, the stock price saw a slight decline of 1.62% following the announcement.

How does Newmont Corporation's valuation compare to its peers?

Newmont Corporation's P/E ratio of 14.58 is below the sector average of 30.2, suggesting a potentially attractive valuation. However, its price-to-sales ratio of 4.73 is slightly above the sector average of 4.2, indicating a mixed valuation picture relative to its peers.

Does NEM pay a dividend?

Yes. As of October 15, 2026, NEM's dividend yield is 0.92%, or about $1.03 per share a year at the current price of $111.56. Yields move with the share price and with changes to the payout.

Is NEM in an uptrend?

No. Newmont Corporation (NEM) trades at $111.56, below both its 50- and 200-day moving averages ($121.26 and $112.02). Its 14-day RSI on daily closes is 37.7, showing bearish momentum without being oversold.

Are insiders buying or selling NEM?

Selling, on balance. In the last 18 months, NEM's officers, directors and large holders reported 33 sales worth $14.3M and 0 open-market purchases worth $0. Grants and option exercises are not counted as buying.

What is the analyst price target for NEM?

As of October 15, 2026, the 23 Wall Street analysts covering NEM have 12-month targets from $67.00 to $170.00, with a median of $140.00, 25.5% above the current price of $111.56. 20 rate it a buy or strong buy, 2 a hold and 1 a sell or strong sell. Three months ago 20 of 23 rated it a buy.

What is NEM's biggest drop in the last 10 years?

Newmont Corporation (NEM)'s worst peak-to-trough fall over the last 10 years was -63.8%, from April 2022 to February 2024. It regained that peak by September 2025, 19 months after the low. Over the same period, 60% of 1-year holding periods ended with a gain.

What are NEM's best and worst months?

Over the last 10 years, December has been NEM's strongest month on average (+5.51%, rising in 8 of 10 years) and October its weakest (-2.48%, rising in 3 of 9 years). Seasonal averages describe the past and do not predict a given year.

Browse all Basic Materials →

Portfolio Visualizer

Portfolio Visualizer

Newmont Corporation (NEM)

NEM at a glance

Only on CleaRank

NEM Price Analysis

Market Metrics

Peer Benchmarking

Valuation vs Sector (Basic Materials)

Performance vs XLB

Sector Position Analysis

NEM Financial Performance

Revenue vs. Earnings

Annual

Quarterly

Earnings Reality Check

NEM Analysis

Key Statistics

Earnings & Growth Analysis

Key Risks

Technical Indicators i

Market Correlations

NEM Wall Street View

12-month price targets

Ratings

Recent rating actions

NEM Trade Plans

Long entry pick an entry style

Risk Management

Profit Targets (Based on Conservative Entry)

Growth of $10,000

Compare with Another Ticker

NEM Drawdowns & Recovery

Monte Carlo Projection (10yr)

NEM Stock Price Prediction: 2030

People Also Watch

NEM Insider Trading Analysis

Frequently Asked Questions

NEM at a glance

Only on CleaRank

NEM Price Analysis

Market Metrics

Peer Benchmarking

Valuation vs Sector (Basic Materials)

Performance vs XLB

Sector Position Analysis

NEM Financial Performance

Revenue vs. Earnings

Annual

Quarterly

Earnings Reality Check

NEM Analysis

Key Statistics

Earnings & Growth Analysis

Key Risks

Technical Indicators i

Market Correlations

NEM Wall Street View

12-month price targets

Ratings

Recent rating actions

NEM Trade Plans

Long entry pick an entry style

Risk Management

Profit Targets (Based on Conservative Entry)

Growth of $10,000

Compare with Another Ticker

NEM Drawdowns & Recovery

Monte Carlo Projection (10yr)

NEM Stock Price Prediction: 2030

People Also Watch

Compare NEM

NEM Insider Trading Analysis

Frequently Asked Questions