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

Tipranks - Tipranks - Tue Feb 24, 5:08AM CST

Bank of America Securities analyst Lawson Winder reiterated a Buy rating on Newmont Mining today and set a price target of $134.00.

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Winder covers the Basic Materials sector, focusing on stocks such as Pan American Silver, Kinross Gold, and Newmont Mining. According to TipRanks, Winder has an average return of 21.9% and a 59.91% success rate on recommended stocks.

Currently, the analyst consensus on Newmont Mining is a Strong Buy with an average price target of $143.01.

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Based on Newmont Mining’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $7.14 billion and a net profit of $1.38 billion. In comparison, last year the company earned a revenue of $5.72 billion and had a net profit of $1.4 billion

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