Newmont (NEM) stock forecast for 2024

The forecast has been updated: November 30, 2022 8:40


Newmont stock price online today

Analyst Target Price

64.29

Dividend Date

29.12.2022

Ex Dividend Date

07.12.2022

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 $64.29 target price for Newmont stock stock.

Today 200 Day Moving Average is the resistance level (57.77 $).

50 Day Moving Average is the resistance level (42.99 $).




NEM Forecast for 2024

Month Rate Forecast MIN Rate MAX Rate Volati-
lity, %
Jan 39.59 37.06 40.42 8.33 %
Mar 40.15 38.10 41.99 9.27 %
Mar 38.34 37.42 41.10 8.96 %
Apr 41.21 39.36 43.03 8.52 %
May 40.43 37.88 43.18 12.27 %
Jun 43.46 40.29 45.72 11.88 %
Jul 41.07 40.09 43.46 7.75 %
Aug 39.88 36.97 41.44 10.78 %
Sep 40.36 38.18 41.53 8.07 %
Oct 40.76 39.34 41.78 5.85 %
Nov 43.58 40.74 45.54 10.53 %
Dec 43.27 41.28 44.79 7.83 %

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

36 321 497 000 $

EBITDA

3 665 000 000

PE Ratio

37.51

PEG Ratio

0.787

Dividend Per Share

2.2

Dividend Yield

0.0496

EPS

1.22

Quarterly Earnings Growth YOY

70.46

Quarterly Revenue Growth YOY

-0.09

Trailing PE

37.51

Forward PE

17.64

EV To Revenue

3.198

EV To EBITDA

11.67

52 Week High

84.54

52 Week Low

37.45

50 Day Moving Average

42.99

200 Day Moving Average

57.77

Shares Outstanding

793739000

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: 39.59. Negative monthly dynamics of the instrument is expected with 8.325% volatility is expected.

Pessimistic forecast: 37.06

Optimistic: 40.42


Newmont stock forecast for Mar 2024.
Estimated Average Forecasted Newmont Price: 40.15. Positive monthly dynamics of the instrument is expected with 9.273% volatility is expected.

Pessimistic forecast: 38.10

Optimistic: 41.99


Newmont stock forecast for Mar 2024.
Estimated Average Forecasted Newmont Price: 38.34. Negative monthly dynamics of the instrument is expected with 8.955% volatility is expected.

Pessimistic forecast: 37.42

Optimistic: 41.10


Newmont stock forecast for Apr 2024.
Estimated Average Forecasted Newmont Price: 41.21. Positive monthly dynamics of the instrument is expected with 8.525% volatility is expected.

Pessimistic forecast: 39.36

Optimistic: 43.03


Newmont stock forecast for May 2024.
Estimated Average Forecasted Newmont Price: 40.43. Negative monthly dynamics of the instrument is expected with 12.266% volatility is expected.

Pessimistic forecast: 37.88

Optimistic: 43.18


Newmont stock forecast for Jun 2024.
Estimated Average Forecasted Newmont Price: 43.46. Positive monthly dynamics of the instrument is expected with 11.882% volatility is expected.

Pessimistic forecast: 40.29

Optimistic: 45.72


Newmont stock forecast for Jul 2024.
Estimated Average Forecasted Newmont Price: 41.07. Negative monthly dynamics of the instrument is expected with 7.750% volatility is expected.

Pessimistic forecast: 40.09

Optimistic: 43.46


Newmont stock forecast for Aug 2024.
Estimated Average Forecasted Newmont Price: 39.88. Negative monthly dynamics of the instrument is expected with 10.780% volatility is expected.

Pessimistic forecast: 36.97

Optimistic: 41.44


Newmont stock forecast for Sep 2024.
Estimated Average Forecasted Newmont Price: 40.36. Positive monthly dynamics of the instrument is expected with 8.066% volatility is expected.

Pessimistic forecast: 38.18

Optimistic: 41.53


Newmont stock forecast for Oct 2024.
Estimated Average Forecasted Newmont Price: 40.76. Positive monthly dynamics of the instrument is expected with 5.854% volatility is expected.

Pessimistic forecast: 39.34

Optimistic: 41.78


Newmont stock forecast for Nov 2024.
Estimated Average Forecasted Newmont Price: 43.58. Positive monthly dynamics of the instrument is expected with 10.526% volatility is expected.

Pessimistic forecast: 40.74

Optimistic: 45.54


Newmont stock forecast for Dec 2024.
Estimated Average Forecasted Newmont Price: 43.27. Negative monthly dynamics of the instrument is expected with 7.826% volatility is expected.

Pessimistic forecast: 41.28

Optimistic: 44.79



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Newmont Corp.
NEM 40.99 (04.11.2022) 8.47 %


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