# Newmont Corporation – Consensus ‘hold’ rating and 88.8% Upside Potential

- Link: https://www.directorstalkinterviews.com/newmont-corporation-consensus-hold-rating-and-88.8-upside-potential/4121127810
- Published: 2023-09-20T15:00:29+01:00
- Author: Charlotte Edwards

**Newmont Corporation** with ticker code (NEM) now have 3 analysts in total covering
the stock. The consensus rating is pointing to ‘hold’. The target price High/Low
ranges between 93.83 and 53.1 calculating the mean target price we have $76.40. 
Given that the stocks previous close was at $40.47 this would indicate that there
is a potential upside of 88.8%. It’s also worth noting that there is a 50 day moving
average of $40.73 while the 200 day moving average is $45.30. The total market capitalization
for the company now stands at 31.99B. The current share price for the company is:
40.29 USD

 The potential market cap would be $60,391,792,488 based on the market consensus.

The company has a dividend yield of 3.8%. Other points of data to note are a P/E
ratio of -, revenue per share of 14.09 and a 1.84% return on assets.

Newmont Corporation is a gold producer. The Company is also engaged in the production
of copper, silver, lead and zinc. The Company operates through five segments: North
America, South America, Australia, Africa and Nevada. The North America segment 
consists primarily of Cripple Creek & Victor (CC&V) in the United States of America,
Musselwhite, Porcupine and Eleonore in Canada and Penasquito in Mexico. Its South
America segment consists primarily of Yanacocha in Peru, Merian in Suriname, and
Cerro Negro, Argentina and has an interest in the Pueblo Viejo mine in the Dominican
Republic. The Company’s Australia segment consists primarily of Boddington and Tanami
in Australia. Its Africa segment consists primarily of Ahafo and Akyem in Ghana.
The Company’s Nevada segment consists of an interest in Nevada Gold Mines (NGM) 
in the United States. The Company has a gold reserve of approximately 96.1 million
ounces.

Share on: