Newmont (NEM) stock forecast for 2024

The forecast has been updated: November 29, 2023 8:39


Newmont stock price online today

Analyst Target Price

76.12

Dividend Date

21.09.2023

Ex Dividend Date

06.09.2023

Last Split Factor

Last Split Date

01.01.1970

Should you buy or sell Newmont stock stock today? What is the projected target price level for 2024? How much will it cost in 2024? Newmont stock Stock Monthly Prediction for January, February, March, April, May, July, July, August, September, October, November and December 2024.

We predict the dynamics of the stock market value using resonant artificial intelligence systems.

Technical, fundamental analyzes, news background, general geopolitical situation in the world and other factors are taken into account.

Forecasts are adjusted once a day taking into account the price change of the previous day.

To date, analysts have a $76.12 target price for Newmont stock stock.

Today 200 Day Moving Average is the resistance level (44.41 $).

50 Day Moving Average is the resistance level (38.86 $).




NEM Forecast for 2024

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 39.18 36.08 41.49 13.03 %
Feb 40.39 37.85 41.24 8.23 %
Mar 40.03 37.27 41.19 9.52 %
Apr 41.15 39.38 43.21 8.86 %
May 44.40 42.00 47.29 11.17 %
Jun 46.89 43.75 50.64 13.61 %
Jul 46.14 42.86 48.81 12.19 %
Aug 48.31 46.08 49.61 7.11 %
Sep 49.47 45.95 52.88 13.10 %
Oct 44.52 41.45 46.21 10.31 %
Nov 44.83 41.29 46.22 10.67 %
Dec 47.30 43.80 48.86 10.36 %

The forecasts table above shows the forecast values of the company's stock price for each month. The Rate Forecast column displays the Optimal Average Forecast Price. The MIN Rate column displays a pessimistic forecast for this month. “MAX Rate” is an optimistic forecast. The % Volatility column represents the approximate monthly volatility of Newmont stock.


Newmont overview

Newmont Address

6363 SOUTH FIDDLERS GREEN CIRCLE, GREENWOOD VILLAGE, CO, US

Market Capitalization

32 165 396 000 $

EBITDA

3 382 000 000

PE Ratio

None

PEG Ratio

0.787

Dividend Per Share

1.75

Dividend Yield

0.04

EPS

-0.99

Quarterly Earnings Growth YOY

-0.605

Quarterly Revenue Growth YOY

-0.123

Trailing PE

-

Forward PE

17.51

EV To Revenue

3.234

EV To EBITDA

11.8

52 Week High

53.79

52 Week Low

34.81

50 Day Moving Average

38.86

200 Day Moving Average

44.41

Shares Outstanding

794796000

Shares Float

Shares Short Prior Month

Short Ratio

Percent Insiders

Percent Institutions

Newmont stock forecast for this year


Newmont stock forecast for Jan 2024.
Estimated Average Forecasted Newmont Price: 39.18. Positive monthly dynamics of the instrument is expected with 13.031% volatility is expected.

Pessimistic forecast: 36.08

Optimistic: 41.49


Newmont stock forecast for Feb 2024.
Estimated Average Forecasted Newmont Price: 40.39. Positive monthly dynamics of the instrument is expected with 8.227% volatility is expected.

Pessimistic forecast: 37.85

Optimistic: 41.24


Newmont stock forecast for Mar 2024.
Estimated Average Forecasted Newmont Price: 40.03. Negative monthly dynamics of the instrument is expected with 9.524% volatility is expected.

Pessimistic forecast: 37.27

Optimistic: 41.19


Newmont stock forecast for Apr 2024.
Estimated Average Forecasted Newmont Price: 41.15. Positive monthly dynamics of the instrument is expected with 8.857% volatility is expected.

Pessimistic forecast: 39.38

Optimistic: 43.21


Newmont stock forecast for May 2024.
Estimated Average Forecasted Newmont Price: 44.40. Positive monthly dynamics of the instrument is expected with 11.174% volatility is expected.

Pessimistic forecast: 42.00

Optimistic: 47.29


Newmont stock forecast for Jun 2024.
Estimated Average Forecasted Newmont Price: 46.89. Positive monthly dynamics of the instrument is expected with 13.611% volatility is expected.

Pessimistic forecast: 43.75

Optimistic: 50.64


Newmont stock forecast for Jul 2024.
Estimated Average Forecasted Newmont Price: 46.14. Negative monthly dynamics of the instrument is expected with 12.193% volatility is expected.

Pessimistic forecast: 42.86

Optimistic: 48.81


Newmont stock forecast for Aug 2024.
Estimated Average Forecasted Newmont Price: 48.31. Positive monthly dynamics of the instrument is expected with 7.108% volatility is expected.

Pessimistic forecast: 46.08

Optimistic: 49.61


Newmont stock forecast for Sep 2024.
Estimated Average Forecasted Newmont Price: 49.47. Positive monthly dynamics of the instrument is expected with 13.096% volatility is expected.

Pessimistic forecast: 45.95

Optimistic: 52.88


Newmont stock forecast for Oct 2024.
Estimated Average Forecasted Newmont Price: 44.52. Negative monthly dynamics of the instrument is expected with 10.308% volatility is expected.

Pessimistic forecast: 41.45

Optimistic: 46.21


Newmont stock forecast for Nov 2024.
Estimated Average Forecasted Newmont Price: 44.83. Positive monthly dynamics of the instrument is expected with 10.669% volatility is expected.

Pessimistic forecast: 41.29

Optimistic: 46.22


Newmont stock forecast for Dec 2024.
Estimated Average Forecasted Newmont Price: 47.30. Positive monthly dynamics of the instrument is expected with 10.358% volatility is expected.

Pessimistic forecast: 43.80

Optimistic: 48.86



Other Basic materials sector assets

Name Symbol Last Close Price Change
Albemarle Corp.
ALB 237.66 (17.07.2023) 1.02 %
Barrick Gold Corp.
GOLD 16.55 (23.10.2023) -2.01 %
BHP Group
BBL 64.18 (28.01.2022) -2.43 %
BHP Group
BHP 54.85 (23.10.2023) 0.00 %
CAMECO CORPORATION
CCJ 23.67 (07.01.2022) 4.18 %
Dow Inc.
DOW 52.92 (14.07.2023) -2.38 %
Gevo, Inc.
GEVO 1.77 (17.07.2023) 9.94 %
Livent Corp.
LTHM 13.52 (04.12.2023) -5.59 %
LyondellBasell Industries N.V.
LYB 91 (14.07.2023) -1.84 %
Martin Marietta Materials, Inc.
MLM 457.56 (14.07.2023) 0.76 %
Newmont Corp.
NEM 38.44 (23.10.2023) -0.93 %

Warning: include(include/reklama_bottom.php): failed to open stream: No such file or directory in /home/virtwww/w_leoprophet-com_a7e4ac46/http/wp-content/themes/generatepress/forecast_stock_post_year.php on line 808 Warning: include(): Failed opening 'include/reklama_bottom.php' for inclusion (include_path='.:') in /home/virtwww/w_leoprophet-com_a7e4ac46/http/wp-content/themes/generatepress/forecast_stock_post_year.php on line 808

Denial of responsibility:

The portal leoprophet.com is not responsible for the loss of your money as a result of your use of the information contained on the site, including data, quotes, charts and forecasts. Operations in the stock, foreign exchange and commodity markets involve a high level of risk, and you are solely responsible for your operations. Only speculate with money that you can afford to lose. All prices and forecasts for stocks, indices, futures are indicative and should not be trade dependent. The portal is not responsible for any losses that you may incur as a result of using this data.