Newmont Corporation with ticker code (NEM) now have 3 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 87.01 and 55.64 calculating the mean target price we have $75.34. Given that the stocks previous close was at $47.15 this would indicate that there is a potential upside of 59.8%. The 50 day MA is $46.93 and the 200 day MA is $46.40. The company has a market cap of $38,361m. Company Website: https://www.newmont.com
The potential market cap would be $61,296m 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 31-5-2023 (DMY).
