Newmont Mining Corp Receives Consensus Recommendation of “Hold” from Analysts (NYSE:NEM)
Shares of Newmont Mining Corp (NYSE:NEM) have earned an average recommendation of “Hold” from the twenty analysts that are presently covering the company, AnalystRatingsNetwork.com reports. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $28.01.
Newmont Mining Corp (NYSE:NEM) opened at 25.93 on Thursday. Newmont Mining Corp has a 52-week low of $20.79 and a 52-week high of $34.27. The stock’s 50-day moving average is $24. and its 200-day moving average is $23.99. The company’s market cap is $12.927 billion.
Newmont Mining Corp (NYSE:NEM) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03. The company had revenue of $1.76 billion for the quarter, compared to the consensus estimate of $1.85 billion. During the same quarter in the previous year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was down 19.4% on a year-over-year basis. On average, analysts predict that Newmont Mining Corp will post $0.82 earnings per share for the current fiscal year.
NEM has been the subject of a number of recent research reports. Analysts at RBC Capital cut their price target on shares of Newmont Mining Corp from $29.00 to $27.00 in a research note on Wednesday, July 9th. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Newmont Mining Corp in a research note on Monday, July 7th. They now have a $24.00 price target on the stock, up previously from $23.00. Finally, analysts at Zacks upgraded shares of Newmont Mining Corp from an “underperform” rating to a “neutral” rating in a research note on Monday, May 26th. They now have a $25.00 price target on the stock.
Newmont Mining Corporation is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Mexico.
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