Scotiabank has revised its price target for Newmont Corporation (NEM, Financial), elevating it from $48 to $55 while maintaining a Sector Perform rating on the stock. This adjustment is part of the bank's comprehensive review of the Gold & Precious Minerals sector.
The update aligns with expectations of stable margins on a quarterly basis. The first quarter typically shows subdued operating performance, with improvements anticipated in the latter half of the year. Scotiabank's analysis also highlights the potential influence of tariffs, which remains a significant concern for many companies as they assess their supply chains and the consequent effects on costs.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for Newmont Corp (NEM, Financial) is $57.84 with a high estimate of $77.50 and a low estimate of $45.00. The average target implies an upside of 5.16% from the current price of $55.00. More detailed estimate data can be found on the Newmont Corp (NEM) Forecast page.
Based on the consensus recommendation from 19 brokerage firms, Newmont Corp's (NEM, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Newmont Corp (NEM, Financial) in one year is $48.20, suggesting a downside of 12.36% from the current price of $55. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Newmont Corp (NEM) Summary page.
