Key Highlights

● NEM shares ended 9 October 2026 at $117.93.

● Market data consensus target is $134.26, implying about 13.9% upside.

● Targets range from $102.00 to $175.00.

● Bernstein lowered its target from $147 to $144 on 9 September.

Shares of Newmont (NYSE:NEM), a member of the S&P 500, closed at $117.93 on Friday 9 October 2026. The consensus target sits moderately above the share price, and ratings lean positive.

What Is the Latest Analyst Price Target?

Market data reports a consensus price target of $134.26 from 24 analysts with ratings in the past twelve months, with a high of $175.00 and a low of $102.00. Against the $117.93 close on 9 October 2026, the consensus target suggests upside of about 13.9%. The second data set, drawing on third-party data for 23 analysts, shows a mean of $137.48, a median of $140.00, a high of $170.00 and a low of $67.00.

The named market data broker targets from the past three months average roughly $134, closely in line with market data's consensus.

What Are Wall Street Analysts Saying?

Market data records 21 Buy ratings (including two Strong Buy), three Hold ratings and no Sell ratings, giving a consensus of Moderate Buy. The second data set reports a Buy consensus with one Strong Sell. Recent broker actions have turned positive. BMO Capital Markets raised its Outperform-rated target from $135 to $145 on 29 September 2026, National Bank Financial raised its Sector Perform target from $120 to $140 on 21 September, and Royal Bank of Canada raised its Outperform target from $135 to $155 on 16 September. An independent ratings service upgraded the shares from Hold to Buy on 2 October.

Bernstein lowered its Outperform-rated target from $147 to $144 on 9 September. Earlier, in July, several brokers cut targets, including Citigroup from $150 to $125, Bank of America from $157 to $132, Canaccord Genuity from $160 to $130, Jefferies from $158 to $146 and BNP Paribas Exane from $111 to $102.

What Could Help the Stock Reach the Price Target?

The consensus target sits roughly 14% above the share price, and every named broker target in the past three months, other than the lowest few, is above the close. The September upward revisions from BMO, National Bank Financial and RBC suggest sentiment has improved since July.

What Could Prevent the Stock Reaching the Target?

The July cuts show how quickly target levels can change for a commodity-linked company. Argus set a $110 target in August and BNP Paribas Exane holds a Neutral rating with a $102 target, both close to or below the current price. The second data set lists a low target of $67 and one Strong Sell rating, so views are not unanimous.

How Analysts See Newmont After the Latest Close

Newmont closed at $117.93 on 9 October 2026, against a market data consensus target of $134.26. Bernstein lowered its Outperform-rated target from $147 to $144 on 9 September.