Newmont Mining (NEM) Receives a Rating Update from a Top Analyst
In a report released on March 2, Josh Wolfson from RBC Capital maintained a Buy rating on Newmont Mining, with a price target of $125.00. The company’s shares closed yesterday at $128.73.
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Wolfson covers the Basic Materials sector, focusing on stocks such as Royal Gold, Triple Flag Precious Metals, and Barrick Mining. According to TipRanks, Wolfson has an average return of 29.6% and a 72.33% success rate on recommended stocks.
Newmont Mining has an analyst consensus of Strong Buy, with a price target consensus of $148.26, implying a 15.17% upside from current levels. In a report released yesterday, Citi also maintained a Buy rating on the stock with a $150.00 price target.
Based on Newmont Mining’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $6.57 billion and a net profit of $1.3 billion. In comparison, last year the company earned a revenue of $5.72 billion and had a net profit of $1.4 billion
Read More on NEM:
Disclaimer & DisclosureReport an Issue
- 3 Best Value Stocks with Over 10% Upside in 2026, According to Analysts
- Newmont price target raised to $150 from $118 at Citi
- The Week That Was, The Week Ahead: Macro and Markets, Mar. 1
- Newmont upgraded to Outperform from Market Perform at Bernstein
- Newmont price target raised to $151 from $134 at BofA
