Newmont Corporation which can be found using ticker (NEM) now have 2 confirmed analysts covering the stock with the consensus suggesting a rating of ‘buy’. The range between the high target price and low target price is between $67.96 and $58.97 and has a mean target at $63.47. Given that the stocks previous close was at $40.91 this is indicating there is a potential upside of 55.1%. It’s also worth noting that there is a 50 day moving average of $41.08 and the 200 moving average now moves to $38.00. The company has a market cap of 48.19B. The stock price for the company is currently $41.79 USD
The potential market cap would be $74,764,151,429 based on the market consensus.
The company has a dividend yield of 3.8%. Other points of data to note are a P/E ratio of -, revenue per share of $14.14 and a 1.54% return on assets.
Newmont Corporation is a gold producer. The Company is also engaged in the production of copper, silver, lead and zinc. The Company operates through five segments: North America, South America, Australia, Africa and Nevada. The North America segment consists primarily of Cripple Creek & Victor (CC&V) in the United States of America, Musselwhite, Porcupine and Eleonore in Canada and Penasquito in Mexico. Its South America segment consists primarily of Yanacocha in Peru, Merian in Suriname, and Cerro Negro, Argentina and has an interest in the Pueblo Viejo mine in the Dominican Republic. The Company’s Australia segment consists primarily of Boddington and Tanami in Australia. Its Africa segment consists primarily of Ahafo and Akyem in Ghana. The Company’s Nevada segment consists of an interest in Nevada Gold Mines (NGM) in the United States. The Company has a gold reserve of approximately 96.1 million ounces.
