Newmont Corporation – Consensus Indicates Potential 36.5% Upside

Broker Ratings

Newmont Corporation found using ticker (NEM) have now 19 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 122 and 55 calculating the average target price we see 81.31. Now with the previous closing price of 59.58 this now indicates there is a potential upside of 36.5%. The 50 day moving average now sits at 62.1 and the 200 moving average now moves to 62.72. The market capitalisation for the company is $48,193m. Find out more information at: http://www.newmont.com

Newmont Corporation engages in the production and exploration of gold, copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of December 31, 2019, it had proven and probable gold reserves of 100.2 million ounces and land position of 68,300 square kilometers. The company has a strategic alliance agreement with Kirkland Lake Gold Ltd. to assess regional exploration opportunities around the company’s Timmins properties and Kirkland’s Holt Complex in Ontario, Canada. Newmont Corporation was founded in 1916 and is headquartered in Greenwood Village, Colorado.

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