RBC Capital analyst Josh Wolfson maintained a Hold rating on Newmont Mining (NEM – Research Report) on April 19 and set a price target of $40.00. The company’s shares closed yesterday at $37.46.
Wolfson covers the Basic Materials sector, focusing on stocks such as Barrick Gold, Franco-Nevada, and Gold Fields. According to TipRanks, Wolfson has an average return of 4.3% and a 62.33% success rate on recommended stocks.
Currently, the analyst consensus on Newmont Mining is a Moderate Buy with an average price target of $42.55, representing a 13.59% upside. In a report released on April 15, CIBC also maintained a Hold rating on the stock with a $44.00 price target.
NEM market cap is currently $44.98B and has a P/E ratio of -16.35.
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Newmont Mining (NEM) Company Description:
Newmont Corporation is a mining company and has the world’s largest gold reserve base in the industry. It engages in the exploration and production of gold, copper, silver, zinc, and lead.
Read More on NEM:
- Newmont price target lowered to C$69 from C$71 at National Bank
- Newmont appoints Francois Hardy as CTO
- Central Banks’ Gold Buying Spree: A Trigger for Investment Ideas
- Newmont Mining (NYSE:NEM): Set to Capitalize on Gold Price Rebound
- Newmont Mining call volume above normal and directionally bullish
