Stock Price & Analysis

Based on current trends and analysis, NEM stock shows moderate growth potential but is not in a strong buying position. It may be wise to hold or wait for a clearer trend before making a decision.

NEM stock is predicted to reach $53 by the end of 2025, driven by strong earnings growth and high gold prices. The stock currently trades at $47.29, with a mean analyst price target of $53.30, suggesting a 12.6% upside. However, risks like rising operational costs and market trends may limit further growth.

The S1 support level for NEM Stock is $46.68 ,The R1 resistant level for NEM Stock is $49.1.

As of the end of day on 2025-04-01, the price of NEM Stock was $48.44.

The target price for NEM Stock according to analyst rating is 50.56, with the highest price target at 57.00 and the lowest at 34.62. Analysts have a Moderate Buy rating on NEM Stock overall.

The market cap of NEM is $54.4B.

Analysis and Insights

NEM is not overvalued based on its current performance and valuation metrics. Here's the analysis:

1. Strong Earnings and Revenue Growth: NEM reported a 204.3% increase in Q4 adjusted earnings and a 42.8% rise in revenue, driven by higher gold production and sales volumes.

2. Reasonable Valuation: The stock has a forward P/E ratio of 17.3, below the industry average of 20, and a P/CF ratio of 11.1, lower than the industry average of 15, indicating it's undervalued relative to its peers.

3. Positive Analyst Sentiment: Analysts have a "Moderate Buy" consensus rating with a mean target price of $53.30, suggesting a 12.6% upside potential.

4. Outperformance: NEM has outperformed the S&P 500 over the past three months and year-to-date, showing strong relative strength.

Conclusion

NEM appears undervalued with strong fundamentals and positive analyst sentiment, making it a good investment opportunity at current levels.

Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver. The Company’s portfolio of assets and prospects is anchored in mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Its African operations include Ahafo and Akyem. Its Australian operations include Boddington, Cadia, Tanami and Telfer. Cerro Negro, Merian, Penasquito, Pueblo Viejo JV and Yanacocha. Its North American projects include Brucejack, Cripple Creek & Victor, Eleonore, Musselwhite, Nevada Gold Mines JV, Porcupine and Red Chris. Its Papua New Guinea projects include Lihir. Its Ahafo mine is located in the Ahafo region, approximately 290 kilometers (km) northwest of Accra, Ghana. Its Boddington mine operates within the Saddleback greenstone belt in Western Australia. Boddington is a gold and copper mine, which is located 16 km from the rural farming town of Boddington and 130 km from Western Australia’s capital city, Perth.

NEM stock is predicted to reach $53 by 2030, driven by strong earnings growth and high gold prices. The stock has a mean price target of $53.30, suggesting a 22.6% premium. Positive sector trends and increased mineral production support long-term upside.

NEM has a total of 21700 employees.