Analyst Expectations for Newmont's Future
Portfolio Pulse from Benzinga Insights
Analysts have provided ratings for Newmont (NYSE:NEM) with 2 somewhat bullish and 2 indifferent ratings in the last quarter. The average price target is $45.25, representing an upside from the current price of $37.33. This target has increased by 5.23% from the previous target of $43.00. Analysts typically review stocks quarterly or after major company updates, considering financials, company calls, and insider communications.
December 13, 2023 | 5:00 pm
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Newmont has received an updated average price target of $45.25 by analysts, indicating a potential upside from its current price of $37.33.
The increase in the average price target for Newmont suggests that analysts are optimistic about the company's future performance. The lack of bearish ratings and the presence of bullish and indifferent ratings indicate a generally positive sentiment, which could lead to a short-term increase in the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100