Newmont Corporation with ticker code (NEM) have now 2 analysts covering the stock. The analyst consensus points to a rating of ‘Hold’. The target price ranges between 86.97 and 51.58 calculating the average target price we see 69.28. Now with the previous closing price of 42.16 this now indicates there is a potential upside of 64.3%. The day 50 moving average is 48.87 and the 200 day MA is 49.15. The company has a market cap of $33,133m. You can visit the company’s website by visiting: https://www.newmont.com
The potential market cap would be $54,446m based on the market concensus.
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Newmont Corporation engages in the production and exploration of gold. It also explores for 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, 2022, it had proven and probable gold reserves of 96.1 million ounces and land position of 61,500 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.