Newmont Corporation with ticker code (NEM) have now 3 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 85.16 and 50.5 calculating the average target price we see $72.41. Given that the stocks previous close was at $48.34 this would indicate that there is a potential upside of 49.8%. There is a 50 day moving average of $47.64 while the 200 day moving average is $47.59. The total market capitalization for the company now stands at $38,804m. Visit the company website at: https://www.newmont.com
The potential market cap would be $58,125m based on the market consensus.
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.
The company has a dividend yield of 3.31% with the ex dividend date set at 8-3-2023 (DMY).
