Newmont Corporation found using ticker (NEM) now have 18 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 101 and 57 with the average target price sitting at 72.94. Given that the stocks previous close was at 61.36 this would indicate that there is a potential upside of 18.9%. The 50 day MA is 59.01 and the 200 day MA is 51.68. The market capitalisation for the company is $48,926m. Company Website: 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. Newmont Corporation was founded in 1916 and is headquartered in Greenwood Village, Colorado.