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Macquarie Remains a Buy on Newmont Corporation CHESS (NEM)

Tipranks - Tipranks - Mon Feb 23, 5:24PM CST

In a report released today, Adam Baker from Macquarie maintained a Buy rating on Newmont Corporation CHESS, with a price target of A$185.00.

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According to TipRanks, Baker is a 4-star analyst with an average return of 12.0% and a 55.67% success rate. Baker covers the Basic Materials sector, focusing on stocks such as Ramelius Resources Limited, Sandfire Resources Limited, and Bellevue Gold Limited.

In a report released today, UBS also maintained a Buy rating on the stock with a A$225.00 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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