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Newmont Corporation CHESS (NEM): New Buy Recommendation for This Basic Materials Giant

Tipranks - Tipranks - Wed Apr 1, 5:54PM CDT

Citi analyst Alexander Hacking maintained a Buy rating on Newmont Corporation CHESS today and set a price target of A$215.00.

End of Quarter Sale - 50% Off TipRanks

Hacking covers the Basic Materials sector, focusing on stocks such as Newmont Corporation CHESS, Freeport-McMoRan, and Newmont Mining. According to TipRanks, Hacking has an average return of 18.3% and a 62.20% success rate on recommended stocks.

In addition to Citi, Newmont Corporation CHESS also received a Buy from Macquarie’s Adam Baker in a report issued yesterday. However, on March 26, TipRanks – OpenAI reiterated a Hold rating on Newmont Corporation CHESS (ASX: NEM).

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Based on Newmont Corporation CHESS’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of A$6.93 billion and a net profit of A$1.32 billion. In comparison, last year the company earned a revenue of A$5.65 billion and had a net profit of A$1.4 billion

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