Newmont Corporation with ticker code (NEM) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 86.61 and 61.43 with a mean TP of 74.03. With the stocks previous close at 44.1 this is indicating there is a potential upside of 67.9%. There is a 50 day moving average of 49.28 while the 200 day moving average is 49.71. The company has a market cap of $34,879m. Company Website: https://www.newmont.com
The potential market cap would be $58,551m 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.
