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New Buy Rating for Newmont Corporation CHESS (NEM), the Basic Materials Giant

Tipranks - Tue Apr 7, 2:58AM CDT

J.P. Morgan analyst Jonathan Sharp maintained a Buy rating on Newmont Corporation CHESS on April 3 and set a price target of A$188.00.

Easter Sale - 70% Off TipRanks

According to TipRanks, Sharp is a 5-star analyst with an average return of 52.0% and a 50.00% success rate. Sharp covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Evolution Mining , and Genesis Minerals Limited.

In addition to J.P. Morgan, Newmont Corporation CHESS also received a Buy from Citi’s Alexander Hacking in a report issued on March 31. However, on March 26, TipRanks – xAI reiterated a Hold rating on Newmont Corporation CHESS (ASX: NEM).

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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