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

Tipranks - Tipranks - Mon Feb 23, 4:52PM CST

In a report released today, Levi Spry from UBS maintained a Buy rating on Newmont Corporation CHESS, with a price target of A$225.00.

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According to TipRanks, Spry is a 5-star analyst with an average return of 15.7% and a 67.49% success rate. Spry covers the Basic Materials sector, focusing on stocks such as Northern Star Resources Ltd, Sandfire Resources Limited, and Evolution Mining .

In a report released today, Citi also maintained a Buy rating on the stock with a A$177.00 price target.

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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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