Newmont (NEM)
(Delayed Data from NYSE)
$47.51 USD
-0.76 (-1.57%)
Updated Jul 18, 2024 04:00 PM ET
Pre-Market: $46.60 -0.91 (-1.92%) 8:12 AM ET
2-Buy of 5 2
C Value B Growth B Momentum B VGM
Newmont Corporation (NEM) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$51.04 | $58.00 | $42.70 | 7.43% |
Price Target
Based on short-term price targets offered by 16 analysts, the average price target for Newmont Corporation comes to $51.04. The forecasts range from a low of $42.70 to a high of $58.00. The average price target represents an increase of 7.43% from the last closing price of $47.51.
Analyst Price Targets (16)
Broker Rating
Newmont Corporation currently has an average brokerage recommendation (ABR) of 1.88 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 17 brokerage firms. The current ABR compares to an ABR of 2.00 a month ago based on 15 recommendations.
Of the 17 recommendations deriving the current ABR, nine are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 52.94% and 5.88% of all recommendations. A month ago, Strong Buy made up 46.67%, while Buy represented 6.67%.
Broker Rating Breakdown
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 9 | 9 | 7 | 6 | 6 |
Buy | 1 | 1 | 1 | 1 | 1 |
Hold | 7 | 7 | 7 | 8 | 7 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.88 | 1.88 | 2.00 | 2.13 | 2.07 |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Analyst Upgrades/Downgrades
Date | Brokerage Firm | Analyst | Previous | Current |
---|---|---|---|---|
7/10/2024 | CIBC World Markets Corp. | Anita Soni | Hold | Strong Buy |
7/8/2024 | Not Identified | Not Identified | Hold | Hold |
6/21/2024 | Exane BNP Paribas | Alan Spence | Not Available | Strong Buy |
6/17/2024 | UBS | Daniel Major | Hold | Strong Buy |
5/29/2024 | Not Identified | Not Identified | Hold | Hold |
5/23/2024 | Scotiabank | Tanya Jakusconek | Hold | Hold |
4/30/2024 | National Bank Financial | Mike Parkin | Strong Buy | Hold |
4/26/2024 | Macquarie Capital Securities | Andrew Bowler | Strong Buy | Strong Buy |
4/22/2024 | TD Securities | Gregory Barnes | Hold | Hold |
4/22/2024 | Canaccord Genuity | Carey Macrury | Strong Buy | Strong Buy |
4/16/2024 | Raymond James Ltd. | Brian Macarthur | Moderate Buy | Moderate Buy |
4/4/2024 | Not Identified | Not Identified | Not Available | Strong Buy |
3/27/2024 | BMO Capital Markets | Jackie Przybylowski | Strong Buy | Strong Buy |
2/29/2024 | Not Identified | Not Identified | Strong Buy | Strong Buy |
2/26/2024 | Argus Research Corp. | William V Selesky | Strong Buy | Hold |
1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.
2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.
Average Brokerage Rating
Current ABR | 1.88 |
ABR (Last week) | 1.88 |
# of Recs in ABR | 17 |
Average Target Price | $51.04 |
LT Growth Rate | 47.90% |
Industry | Mining - Miscellaneous |
Industry Rank by ABR | 175 of 252 |
Current Quarter EPS Est: | 0.53 |