How Recent Developments Are Shaping the Newmont Investment Story

November 23, 2025

Newmont stock has seen a slight boost in its consensus analyst price target, rising from $103.42 to $103.42. This signals increased optimism among market watchers. This adjustment is largely attributed to analysts’ improving perspectives on Newmont’s operational outlook and the broader strength in the gold market. Stay tuned to discover how investors can track these narrative shifts and remain informed about Newmont’s evolving story.

Stay updated as the Fair Value for Newmont shifts by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Newmont.

Recent analyst commentary on Newmont reflects a generally positive skew, with a majority of firms expressing optimism over the company’s valuation, growth profile, and exposure to gold’s upward momentum. The following outlines the key bullish and bearish observations from recent research updates:

🐂 Bullish Takeaways

  • Several firms, including Citi, Goldman Sachs, CIBC, JPMorgan, UBS, National Bank, and RBC Capital, have raised their price targets or upgraded their ratings on Newmont in the past six weeks.

  • Citi increased its price target to $104 (from $74), maintaining a Buy rating and citing “cyclical and tactical tailwinds” in the gold market as a driver for sector-wide target hikes.

  • Goldman Sachs upgraded Newmont from Neutral to Buy, moving its price target up to $104.30 (from $77.30). Goldman’s analyst points to valuation, production growth, robust free cash flow yield, and capital management as the main supports for the improved outlook, suggesting 21% upside potential.

  • CIBC revised Newmont to Outperformer (from Neutral) with a price target of $112, reinforcing confidence in Newmont’s operational execution and growth trajectory.

  • JPMorgan and National Bank raised their price targets for the company to A$134 (from A$113) and C$125 (from C$110), respectively, both maintaining positive ratings.

  • UBS lifted its price target to $92 (from $70), reiterating a Buy rating based on improving fundamentals in key commodities and Newmont’s relative outperformance.

  • RBC Capital upgraded Newmont to Outperform (from Sector Perform), with a higher price target of $95 (from $66), seeing the recent underperformance as a “tactical buying opportunity.”

  • Across bullish coverage, analysts reward Newmont for consistent execution, robust capital management, and a strong pipeline for production growth. Some reference valuation as becoming less compelling after recent stock moves.

🐻 Bearish Takeaways

  • Macquarie stands out as the only major firm turning more cautious in the recent batch of research, downgrading Newmont to Neutral (from Outperform) and setting a $72 price target. The rationale was not elaborated in detail in the excerpt but underscores some ongoing reservations within the analyst community.

  • Bearish and neutral commentary tends to reference valuation concerns and the risk that recent upside potential may already be factored into the share price, particularly following Newmont’s quick recovery relative to peers.

Overall, while sentiment from major analysts remains tilted toward the bullish side, especially in the context of strengthening gold prices and execution quality, some wariness lingers around valuation and sector-relative positioning.

Do your thoughts align with the Bull or Bear Analysts? Perhaps you think there’s more to the story. Head to the Simply Wall St Community to discover more perspectives or begin writing your own Narrative!

NYSE:NEM Community Fair Values as at Nov 2025
NYSE:NEM Community Fair Values as at Nov 2025
  • Newmont is considering a full takeover of Barrick or purchasing Barrick’s Nevada gold assets. If a deal moves forward, it may involve the divestment of certain non-core assets to streamline operations.

  • Stock market reactions to the Barrick news have been mixed, with Barrick shares rising and Newmont shares declining as investors respond to the possibility of large-scale transactions.

  • In the wake of its recent acquisition of Newcrest Mining, Newmont is weighing significant cost-cutting strategies. These strategies could include substantial job reductions as the company works to integrate assets and achieve greater efficiencies.

  • Consensus Analyst Price Target has risen slightly from $103.42 to $103.42, reflecting marginally increased analyst optimism.

  • Discount Rate has fallen slightly from 8.13% to 8.11%, indicating marginally reduced perceived risk in valuation models.

  • Revenue Growth projections have increased from 5.57% to 5.61%, signaling modestly higher anticipated sales expansion.

  • Net Profit Margin has edged up from 33.89% to 33.99%, suggesting a small expected improvement in profitability.

  • Future P/E ratio forecast has risen from 14.66x to 15.04x, indicating that shares may be trading at a higher valuation multiple based on projected earnings.

A Narrative is your lens into a company’s real story. It is a way to see beyond numbers by connecting the outlook, forecasts, and fair value in one place. Narratives on Simply Wall St help you make investment decisions with confidence, showing how new information changes the story instantly. It is an accessible tool, trusted by millions, that links company news to your buy and sell decisions via dynamic fair value updates on the Community page.

Head over to the Simply Wall St Community and follow the Narrative on Newmont to stay up to date on:

  • How steady gold demand, operational improvements, and the integration of new assets could drive Newmont’s long-term growth and strong cash flows

  • The dynamic risks, from rising costs and asset quality to leadership changes, that could affect Newmont’s revenue and profit outlook

  • How every new development, forecast revision, or major news event instantly shifts the fair value and signals when opportunity or risk arises

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include NEM.

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