New Buy Rating for Newmont Mining (NEM), the Basic Materials Giant
In a report released today, Tanya Jakusconek from Scotiabank maintained a Buy rating on Newmont Mining, with a price target of $152.00.
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Jakusconek covers the Basic Materials sector, focusing on stocks such as Agnico Eagle, Barrick Mining, and Kinross Gold. According to TipRanks, Jakusconek has an average return of 25.4% and a 66.67% success rate on recommended stocks.
Newmont Mining has an analyst consensus of Strong Buy, with a price target consensus of $143.01.
Based on Newmont Mining’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $10.15 billion. In comparison, last year the company earned a revenue of $5.72 billion and had a net profit of $1.4 billion
Read More on NEM:
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- Newmont reports Q4 adjusted EPS $2.52, consensus $2.03
- Newmont sees FY26 production roughly 5.3M gold ounces
- Newmont Mining options imply 4.6% move in share price post-earnings
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