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Newmont Corporation CHESS (NEM) was upgraded to a Buy Rating at Morgans

Tipranks - Tipranks - Wed Mar 4, 8:06PM CST

Morgans analyst Annabelle Sleeman upgraded Newmont Corporation CHESS to a Buy today and set a price target of A$214.00.

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Sleeman covers the Basic Materials sector, focusing on stocks such as Evolution Mining , Sandfire Resources Limited, and Aeris Resources Limited. According to TipRanks, Sleeman has an average return of 10.9% and a 50.00% success rate on recommended stocks.

In a report released yesterday, Citi also maintained a Buy rating on the stock with a A$215.00 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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