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Citi Sticks to Its Buy Rating for Newmont Corporation CHESS (NEM)

Tipranks - Tipranks - Wed Mar 4, 4:38PM CST

Citi analyst Alexander Hacking maintained a Buy rating on Newmont Corporation CHESS today and set a price target of A$215.00.

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Hacking covers the Basic Materials sector, focusing on stocks such as Newmont Corporation CHESS, Cleveland-Cliffs, and Freeport-McMoRan. According to TipRanks, Hacking has an average return of 21.3% and a 67.15% success rate on recommended stocks.

Newmont Corporation CHESS has an analyst consensus of Strong Buy, with a price target consensus of A$200.11.

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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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