Multibagger stock ideas: Newmont (NEM) Stock Price Forecast 2026: Complete Analysis

Newmont Corporation (NEM) Stock Analysis & Price Forecast 2026

Current Price: $82.53 | 52-Week Range: $36.86 - $98.58 | Market Cap: $9.01B | P/E Ratio: 12.83

1. Newmont Corporation Stock Price Forecast 2026

Analysis Type	Price Target	Potential Gain	Timeframe
Conservative Estimate	$95 - $105	15% - 27%	End of 2026
Moderate Estimate	$110 - $125	33% - 51%	End of 2026
Bullish Estimate	$130 - $150	57% - 82%	End of 2026
Technical Analysis	$100 - $115	21% - 39%	End of 2026
Fundamental Analysis	$105 - $120	27% - 45%	End of 2026

2. Upside Price Targets

Target Level	Price	Potential Gain	Analysis Basis
Target 1	$95	15%	Resistance Breakout
Target 2	$105	27%	Fibonacci Extension
Target 3	$115	39%	Technical Pattern
Target 4	$125	51%	Fundamental Valuation
Target 5	$140	70%	Gold Price Surge Scenario

3. Downside Price Targets

Support Level	Price	Potential Loss	Analysis Basis
Support 1	$75	-9%	Recent Support
Support 2	$68	-18%	200-Day Moving Average
Support 3	$60	-27%	Previous Resistance
Support 4	$52	-37%	Major Support Zone
Support 5	$45	-45%	Gold Price Correction

4. Short, Medium & Long Term Price Targets

Timeframe	Target 1	Target 2	Target 3	Target 4	Target 5
Short Term (1-3 months)	$88	$92	$95	$98	$102
Medium Term (3-12 months)	$105	$110	$115	$120	$125
Long Term (1-2 years)	$130	$140	$150	$165	$180

5. Resistance and Support Levels

Resistance Levels	Price	Support Levels	Price
Resistance 1	$85	Support 1	$80
Resistance 2	$90	Support 2	$75
Resistance 3	$95	Support 3	$70
Resistance 4	$100	Support 4	$65
Resistance 5	$105	Support 5	$60

6. Strong Buy Levels After Breakout

Buy Level	Price	Stop Loss	Target
Buy Zone 1	$85 - $87	$82	$95
Buy Zone 2	$88 - $90	$85	$100
Buy Zone 3	$92 - $94	$89	$105
Buy Zone 4	$95 - $97	$92	$110
Buy Zone 5	$98 - $100	$95	$115

7. Strong Sell Levels

Sell Level	Price	Stop Loss	Target
Sell Zone 1	$105 - $107	$110	$95
Sell Zone 2	$108 - $110	$113	$90
Sell Zone 3	$112 - $115	$118	$85
Sell Zone 4	$117 - $120	$123	$80
Sell Zone 5	$122 - $125	$128	$75

8. Profit Booking Levels

Profit Booking Level	Price	Reason	Recommended Action
Level 1	$95 - $100	Technical Resistance	Partial Profit Booking (25%)
Level 2	$105 - $110	Overbought Territory	Partial Profit Booking (25%)
Level 3	$115 - $120	Strong Resistance	Partial Profit Booking (25%)
Level 4	$125 - $130	Valuation Concerns	Partial Profit Booking (15%)
Level 5	$140+	Extreme Overvaluation	Full Exit/Heavy Profit Booking

9. Breakout Price Levels

Breakout Level	Price	Target After Breakout	Confirmation Signal
Breakout 1	$85	$95	Volume Spike
Breakout 2	$90	$105	Technical Pattern Completion
Breakout 3	$95	$110	Moving Average Break
Breakout 4	$100	$120	Resistance Turned Support
Breakout 5	$105	$130	Fundamental Catalyst

10. Breakdown Price Levels

Breakdown Level	Price	Target After Breakdown	Confirmation Signal
Breakdown 1	$78	$70	Volume Increase
Breakdown 2	$75	$65	Support Break
Breakdown 3	$70	$60	Moving Average Break
Breakdown 4	$65	$55	Technical Pattern
Breakdown 5	$60	$50	Fundamental Deterioration

11. Expected Financial Performance 2026

Financial Metric	2026 Estimate	Growth vs Current	Industry Comparison
Revenue	$20.5B - $22.0B	10% - 18%	Above Average
Net Income	$3.8B - $4.2B	13% - 25%	Above Average
EBITDA	$9.8B - $10.5B	11% - 19%	Above Average
EPS	$4.10 - $4.50	18% - 29%	Strong
Net Profit Margin	18.5% - 19.5%	3% - 9%	Industry Leader
P/E Ratio	14 - 16	9% - 25%	Reasonable

12. Technical & Fundamental Analysis

Analysis Type	Key Points	Outlook	Strength
Technical Analysis	Above 200-day moving average Strong support at $75-$80 Resistance at $95-$100 Volume patterns supportive	Bullish	Strong
Fundamental Analysis	Strong cash flow generation Healthy balance sheet Gold price outlook positive Dividend sustainability	Bullish	Very Strong

Pro Tips for Traders & Investors

Short-Term Trading (1-3 months):

For short-term traders, focus on the $80-$85 range for entries with stops below $78. Initial targets at $92-$95. Watch for gold price movements as key catalyst.

Medium-Term Investing (3-12 months):

Medium-term investors can accumulate on dips toward $75-$80 with a core holding strategy. Price targets of $105-$115 appear achievable based on technical and fundamental analysis.

Long-Term Investing (1-2 years):

Long-term investors should consider dollar-cost averaging with a portfolio allocation of 3-5% to gold mining stocks. Price targets of $130-$150 are possible if gold maintains its bullish trajectory.

Can Newmont (NEM) Be a Multibagger in 2026?

While Newmont has strong fundamentals and operates in a favorable gold environment, a true multibagger (3-5x returns) appears unlikely given its large market cap. However, returns of 50-80% are achievable if gold prices surge and operational performance improves. More realistic expectations would be market-beating returns rather than multibagger status.

Frequently Asked Questions

What are the short term targets for Newmont Corporation (NEM) stock?

Based on our technical analysis, short-term targets (1-3 months) for NEM are $88, $92, $95, $98, and $102. These targets assume the stock maintains its current bullish momentum and gold prices remain supportive.

What are the medium term targets for Newmont Corporation (NEM) stock?

Our medium-term targets (3-12 months) for NEM are $105, $110, $115, $120, and $125. These projections are based on both technical patterns and fundamental improvements expected in the gold mining sector.

What are the long term targets for Newmont Corporation (NEM) stock?

Long-term targets (1-2 years) for NEM are $130, $140, $150, $165, and $180. These ambitious targets depend on sustained high gold prices, operational efficiency improvements, and successful execution of the company's growth strategy.

At what price should investors and traders buy Newmont Corporation stock?

For conservative investors, accumulation in the $75-$80 range is recommended. More aggressive traders can consider buying breakouts above $85 with proper stop losses. Dollar-cost averaging between $75-$85 provides a balanced approach for long-term investors.

What is the dividend outlook for Newmont Corporation?

Newmont currently offers a 1.21% dividend yield. With strong cash flows and a sustainable payout ratio, the dividend appears secure. Modest increases are possible if gold prices remain elevated and operational performance improves.

How does gold price affect Newmont Corporation stock?

Newmont's stock price has a strong positive correlation with gold prices. Approximately 70-80% of the company's revenue comes from gold mining. A 10% increase in gold prices typically translates to a 15-20% increase in NEM stock price, all else being equal.

What are the main risks for Newmont Corporation investors?

Key risks include: 1) Decline in gold prices, 2) Operational issues at mines, 3) Rising production costs, 4) Regulatory changes in mining jurisdictions, 5) Environmental concerns, and 6) Currency fluctuations affecting international operations.

Disclaimer

Important: This analysis is for educational and informational purposes only and should not be considered as financial advice, investment recommendation, or an offer of solicitation for the purchase or sale of any securities. The projections, forecasts, and price targets provided are based on technical analysis, fundamental data, and market conditions at the time of writing and are subject to change without notice.

Investing in stocks, especially in commodity-related companies like Newmont Corporation, carries substantial risks including potential loss of principal. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.

The author, Piyush Sharma, and Multibagger Stock Ideas do not hold any responsibility for financial losses or gains resulting from decisions made based on this analysis. The information presented is believed to be reliable but we do not guarantee its completeness or accuracy.

Piyush Sharma

Qualifications: MBA (India), MBA (Australia), Master of Professional Accounting (Australia).

18+ years in the Indian stock market and running this website for 15+ years. Founder of PS International Group and Hamarijeet.com — popular for study-visa guidance, career help, government schemes, jobs and digital product updates.

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