Technical Analysis The stock is currently trading at $41.95, showing a modest gain of +0.65% in the regular market session . The RSI of 61.35 indicates moderate bullish momentum without being overbought. The positive MACD of 0.38 suggests an upward trend continuation.

Recent Performance & Challenges NEM has faced significant headwinds, dropping 33% since September 2024. Key challenges include:

Rising operational costs, particularly in gold business with all-in-sustaining costs reaching $1,611 per ounce
Integration expenses from the $17.5 billion Newcrest Mining acquisition
Despite challenges, revenue grew 84% year-over-year to $4.6 billion in Q3 2024

Analyst Sentiment Recent analyst actions show mixed sentiment:

Scotiabank maintained Hold rating with $50 price target (18.06% upside)
Raymond James maintains Buy rating with $59 target (38.95% upside)
UBS downgraded to Hold with $54 target (15.04% upside)

Market Environment Gold prices have reached record highs, with forecasts suggesting potential rise to $3,000 per ounce by end of 2025. This positive gold price environment could benefit NEM's profitability despite operational challenges.

Based on technical indicators, analyst consensus, and the favorable gold price environment, NEM appears to be a moderate buy at current levels, with analysts estimating fair value around $53 per share.

What is price prediction 2025 for NEM Stock?

Based on the provided data and recent market analysis, here's the price prediction for NEM stock in 2025:

Newmont Corporation (NEM) is expected to reach approximately $53 per share by mid-2025, representing a potential upside of about 27% from its current price of $41.95. This projection is supported by the company's strong revenue growth of 84% year-over-year to $4.6 billion in Q3 2024, driven by higher gold prices and increased production volumes following the Newcrest acquisition. The rising gold prices, with analysts forecasting gold could reach $3,000 per ounce by the end of 2025, provide additional support for this target.

What is surpport and resistant level for NEM Stock?

The S1 support level for NEM Stock is $39.18 ,The R1 resistant level for NEM Stock is $42.48.

What is the current price of NEM Stock?

As of the end of day on 2025-01-24, the price of NEM Stock was $42.08.

What is the target price of NEM Stock?

The target price for NEM Stock according to analyst rating is 49.09, with the highest price target at 59.00 and the lowest at 31.30. Analysts have a Moderate Buy rating on NEM Stock overall.

What is the market cap of Newmont Corporation?

The market cap of NEM is $47.9B.

Is Newmont Corporation (NEM) overvalued?

Based on the provided data, I'll analyze whether NEM is overvalued in 5 concise sentences:

NEM's current valuation metrics show a forward P/E of 11.19x and EV/EBITDA of 11.94x for Q3 2024, which are below its historical averages and suggest reasonable valuation levels. The stock has dropped 33% since September 2024, significantly underperforming the S&P 500, primarily due to rising operational costs and integration expenses from its $17.5 billion Newcrest Mining acquisition. Despite challenges, NEM's revenue grew impressively by 84% year-over-year to $4.6 billion in Q3 2024, driven by higher gold prices and increased production volumes. Recent analyst consensus suggests a fair value around $53 per share, indicating potential upside of approximately 35% from current levels. Given the company's strong revenue growth, reasonable valuation metrics, and positive analyst outlook, NEM appears undervalued rather than overvalued at current price levels.

What is Newmont Corporation (NEM)'s business?

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.

What is price prediction 2030 for NEM Stock?

Based on the provided data and analysis, here's a projection for NEM's stock price in 2030:

Newmont Corporation's stock price is projected to reach $75-80 by 2030, driven by three key factors:

The gold mining giant is expected to benefit from rising gold prices, with analysts forecasting gold could hit $3,000 per ounce by 2025. This price appreciation should significantly boost Newmont's profit margins and revenue potential.

Despite recent operational challenges including a 33% stock drop since September 2024 and rising costs, Newmont's strategic acquisition of Newcrest Mining positions it for long-term growth through expanded production capacity and operational synergies. The company's Q3 2024 showed strong fundamentals with revenue growing 84% year-over-year to $4.6 billion.

The stock's current valuation metrics suggest room for appreciation, trading at a forward P/E of 11.19, below its historical average. With projected earnings growth and continued demand for gold as a safe-haven asset, NEM appears positioned for steady appreciation over the next five years.