Newmont (NEM)
(Delayed Data from NYSE)
$51.45 USD
+0.26 (0.51%)
Updated Aug 20, 2024 04:00 PM ET
After-Market: $51.48 +0.03 (0.06%) 7:58 PM ET
1-Strong Buy of 5 1
D Value C Growth B Momentum C VGM
Newmont Corporation (NEM) Price Targets
Average Price Target | Highest Price Target | Lowest Price Target | Upside to Average Price Target |
---|---|---|---|
$51.35 | $59.00 | $42.70 | 0.31% |
Price Target
Based on short-term price targets offered by 17 analysts, the average price target for Newmont Corporation comes to $51.35. The forecasts range from a low of $42.70 to a high of $59.00. The average price target represents an increase of 0.31% from the last closing price of $51.19.
Analyst Price Targets (17)
Broker Rating
Newmont Corporation currently has an average brokerage recommendation (ABR) of 1.76 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 1.88 a month ago based on 17 recommendations.
Of the 17 recommendations deriving the current ABR, 10 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 58.82% and 5.88% of all recommendations. A month ago, Strong Buy made up 52.94%, while Buy represented 5.88%.
Broker Rating Breakdown
![Broker Rating Visualization](https://widget3.zacks.com/images/charts/bar/brokerage/bar/NEM.png)
Brokerage Recommendations
Today | 1 Week Ago | 1 Month Ago | 2 Months Ago | 3 Months Ago | |
---|---|---|---|---|---|
Strong Buy | 10 | 9 | 9 | 8 | 6 |
Buy | 1 | 1 | 1 | 1 | 1 |
Hold | 6 | 7 | 7 | 7 | 8 |
Sell | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 |
ABR | 1.76 | 1.88 | 1.88 | 1.94 | 2.13 |
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 |
---|---|---|---|---|
8/19/2024 | Scotiabank | Tanya Jakusconek | Hold | Strong Buy |
8/12/2024 | National Bank Financial | Mike Parkin | Hold | Hold |
7/29/2024 | Macquarie Capital Securities | Andrew Bowler | Strong Buy | Strong Buy |
7/23/2024 | Canaccord Genuity | Carey Macrury | Strong Buy | Strong Buy |
7/19/2024 | BMO Capital Markets | Jackie Przybylowski | Strong Buy | Strong Buy |
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 |
4/22/2024 | TD Securities | Gregory Barnes | Hold | Hold |
4/16/2024 | Raymond James Ltd. | Brian Macarthur | Moderate Buy | Moderate Buy |
4/4/2024 | Not Identified | Not Identified | Not Available | 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 | 1.76 |
ABR (Last week) | 1.88 |
# of Recs in ABR | 17 |
Average Target Price | $51.35 |
LT Growth Rate | 48.50% |
Industry | Mining - Miscellaneous |
Industry Rank by ABR | 167 of 253 |
Current Quarter EPS Est: | 0.71 |