Expert Ratings For Newmont
Portfolio Pulse from Benzinga Insights
Analyst ratings for Newmont (NYSE:NEM) show a mix of opinions, with recent actions including downgrades and new price targets. The average 12-month price target is now $46.00, down from $49.67. Newmont, the world's largest gold miner, has seen a revenue decline of -5.35% in the last quarter but maintains strong profitability indicators such as net margin and ROE. The company's debt-to-equity ratio is higher than the industry average, indicating financial risk.
February 08, 2024 | 3:00 pm
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Newmont has received mixed analyst ratings with a lowered average price target. Despite a revenue decline, it shows strong profitability and financial performance.
The mixed analyst ratings and lowered price target reflect uncertainty, potentially leading to short-term price volatility. However, Newmont's strong profitability and financial indicators may counterbalance negative impacts, leading to a neutral short-term price direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100