Where Newmont Stands With Analysts
Portfolio Pulse from Benzinga Insights
Newmont (NYSE:NEM) received mixed analyst ratings with 2 somewhat bullish and 2 indifferent. The average 12-month price target is $47.25, up from $42.00, with a high of $58.00 and a low of $40.00. Analysts from TD Securities, UBS, Macquarie, and BMO Capital provided recent evaluations, with UBS lowering its target. Newmont, the world's largest gold miner, has faced a -5.35% revenue decline but shows strong profitability with a net margin of 6.34% and ROE of 0.83%. However, it has a higher debt-to-equity ratio of 0.32 compared to the industry.
January 10, 2024 | 4:00 pm
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POSITIVE IMPACT
Newmont received mixed ratings, with an updated average 12-month price target of $47.25, indicating a potential upside. The company's strong profitability metrics may attract investors despite a recent revenue decline and high debt levels.
The increase in the average price target suggests a positive outlook from analysts, which could lead to short-term price appreciation. The strong profitability indicators like net margin and ROE are likely to be viewed favorably by investors, potentially outweighing the negative impact of the revenue decline and high debt-to-equity ratio. The mixed ratings indicate that while there is optimism, there is also caution, which may temper the stock's movement.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100