NEM Stock Analysis: Buy, Sell, or Hold?
NEM - Newmont Corporation
$107.47
-2.03 (-1.85%)
▼
5d:
+0.22%
30d:
-0.79%
90d:
-9.97%
BUY
HIGH Confidence
Analysis Updated: Jun 3, 2026 12:00 AM ET
Earnings: Jul 23, 2026
Smart Money Accumulation
None View Scanner →
Strength: 8.0/10
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2 traders called NEM this week
100% bullish • 0 bearish
100% bullish • 0 bearish
Interactive Price Chart (1 Month)
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Bottom Line:
✅ BUY SIGNAL: NEM appears deeply undervalued. Market expects -6.7% annual earnings decline despite 79% recent earnings growth. Contrarian opportunity at discount to historical valuation.
✅ BUY SIGNAL: NEM appears deeply undervalued. Market expects -6.7% annual earnings decline despite 79% recent earnings growth. Contrarian opportunity at discount to historical valuation.
Long-Term Wealth Forecast (2031)
Based on Analyst Consensus Growth & Historical Valuation
0% (Stagnation)
50% (Hyper Growth)
EST. PRICE IN 2031
$184.09
Based on 6.8% avg growth
INTRINSIC VALUE TODAY
$114.30
6.0% Margin of Safety
How this is calculated: We use a Growth Decay Model: starting with analyst consensus growth (adjusted above) and gradually slowing it down to a long-term terminal rate (4%) by Year 5. This provides a more realistic valuation than assuming constant hyper-growth. We then apply a 11.6x Exit PE.
In-depth Analysis How we analyze
Valuation Analysis: NEM is currently trading at $107.47, which is considered slightly low relative to its 30-day fair value range of $106.89 to $115.39. From a valuation perspective, the stock is trading at a discount (Forward PE: 9.4) compared to its historical average (11.6). Remarkably, the market is currently pricing in an annual earnings decline of 6.7% over the next few years. This pessimistic expectation contrasts with the company's recent 78.6% earnings growth, suggesting potential undervaluation if the company simply maintains stability.
Technical Outlook: Technically, NEM is in a strong uptrend. Immediate support is located at $103.62, while resistance sits at $111.93.
Market Sentiment: The stock shows a mixed technical setup (40/100), with neutral trendline and momentum signals. Wall Street analysts see significant upside, with an average price target of $142.82 (+32.9%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Technical Outlook: Technically, NEM is in a strong uptrend. Immediate support is located at $103.62, while resistance sits at $111.93.
Market Sentiment: The stock shows a mixed technical setup (40/100), with neutral trendline and momentum signals. Wall Street analysts see significant upside, with an average price target of $142.82 (+32.9%). Combining these factors, the current setup offers a favorable risk/reward ratio for buyers.
Quick Decision Summary
Current Position
SLIGHTLY LOW
Historical Trading Range
$106.89 -
$115.39
Company Quality Score
55/100
(HOLD)
Volume Confirmation
HIGH
Confidence Score
79.5%
All Signals
- BULLISH: Price oversold vs 30-day range
- NEUTRAL: Mixed technical signals (40/100)
- BULLISH: High volume confirmation
- BULLISH: Trading 32.9% below Wall St target ($142.82)
Trading Range Analysis
30-Day Trading Range
$106.89 -
$115.39
Current vs Trading Range
SLIGHTLY LOW
Support & Resistance Levels
Support Level
$103.62
Resistance Level
$111.93
Current Trend
Strong Uptrend
Technical data as of
Jun 3, 2026
Fundamental Context
Forward P/E (Next Year Est.)
9.42
Wall Street Target
$142.82
(+32.9%)
Revenue Growth (YoY)
45.8%
Earnings Growth (YoY)
78.6%
Profit Margin
33.9%
Valuation Discount vs History
-6.7% cheaper
PE vs Historical
9.4 vs 11.6
CHEAP
Market-Implied Price Targets
If current PE multiple persists
Implied Growth (YoY):
-6.7%
(market-implied from PE analysis)
1-Year Target
$100.27
(-7%)
2-Year Target
$93.55
(-13%)
3-Year Target
$87.28
(-19%)
3-Yr Target (if PE normalizes)
(PE: 9→12)
$107.44
(0%)
3-Year Scenarios
Using analyst projected EPS growth
Bull:
(PE: 21.9, Growth: 9.7%)
$329.81
(+207%)
Base:
(SPY PE: 9.4, Growth: 9.7%)
$141.85
(+32%)
Bear:
(PE: 8.0, Growth: 9.7%)
$120.57
(+12%)
📈
Valuation based on Current Earnings
RECOVERY PLAY: Stock looks expensive now (14x PE), but valuation improves significantly next year (9x PE) as earnings recover.
Trailing PE: 13.91 | Current EPS (TTM): $7.71
Bull Case
$175.02
(+62%)
Analyst growth 48.4%, PE expands to 15.3
Base Case
$159.11
(+47%)
Market implied 48.4%, PE stable at 13.9
Bear Case
$72.92
(-33%)
Severe decline -20.0%, PE contracts to 11.8
These are projections based on PE multiples and EPS growth scenarios, not predictions. Actual results may vary significantly.
💡
Upside Surprise Potential
If earnings stabilize (0% growth), PE could expand from 9.4 to 11.6
Stabilization Target:
$132.29
(+23.1%)
PE Expansion Potential:
+23.1%
Share & Embed Analysis
Last updated: June 03, 2026 11:55 PM ET
Data refreshes hourly during market hours. Next update: 12:55 AM
Data refreshes hourly during market hours. Next update: 12:55 AM
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Technical Signals Check
Is NEM showing a specific setup today?
Insider Activity (6 Months)
0
Buys
4
Sells
Net
INSIDERS SELLING
Recent Transactions
Peter Toth
SELL
3000 shares
2026-04-01
Ro Khanna
SELL
2026-03-23
Peter Toth
SELL
3000 shares
2026-03-18
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