NYSE: NEM Newmont Corporation has to do with exploration as well as the production of zinc, silver, lead, gold, and copper. The firm operates on a large scale in several companies. Its operations happen in Ghana, Chile, Suriname, Dominican Republic, Canada, Australia, Argentina, Peru, Mexico, and the United States.
On Friday, the firm opened with a value of $61.75. Over seventeen researchers have weighed in and reported a “buy” rating on NEM stocks. Among them, over eleven have provided a “buy” rating, while five rated it a “hold.” The annual price target average for the past year among brokerages is $72.24. On Thursday, the 29th of October, the company released the results of their earnings.
Analyst Reports On NYSE: NEM
NEM Newmont Co. was reported on by several analysts. One of them hiked the price target for the company. Its rating was $86.00 against the previous amount of $85.00. This indicated a buy rating. The company got its first downgrading by another analyst, dropping the rates to $62.00. Their indication was that to be held. This was reported on Wednesday, the 25th of November.
On the 11th of January, another analyst weighed in on the values of the company. NEM was given a rating of “outperform.” The price was given another drop on the 15th of January, the value reaching $86.00 from a previous value of $96.00. The still gave Newmont Co. an “outperform” rating.
The holdings of many hedge funds were shifted and modified. The average price of moving for fifty days is $61.10. The same moving for 200 days is $63.24. NYSE: NEM’s market capital stands at a whopping $49.61 billion. Insiders of the corporate hold nearly 0.28% and institutional investors own 79.18% of the company’s stock.
