What 5 Analyst Ratings Have To Say About Newmont
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for Newmont (NYSE:NEM) show a mix of perspectives, with a total of 5 analysts offering their views. The ratings range from bullish to indifferent, with no bearish outlooks. Over the last 30 days, there has been a shift towards a more cautious stance compared to previous months. Analysts have adjusted their 12-month price targets for Newmont, resulting in an average target of $46.5, down 8.82% from the previous average. Notable actions include adjustments by analysts from TD Securities, Citigroup, Scotiabank, BMO Capital, and RBC Capital, with changes in ratings and price targets reflecting varying expectations for the company's performance. Newmont, the world's largest gold miner, has recently acquired Newcrest and is expected to sell some higher cost mines. Despite a positive revenue trend, Newmont faces challenges with its net margin, ROE, ROA, and a high debt-to-equity ratio.

April 26, 2024 | 7:01 pm
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Newmont has received mixed analyst ratings with a revised average 12-month price target of $46.5, reflecting a cautious outlook. The company's strategic acquisitions and expected divestitures, alongside its financial performance metrics, suggest a complex financial landscape.
The mixed analyst ratings and the downward adjustment of the average price target suggest a cautious outlook for Newmont in the short term. The company's strategic acquisitions and planned divestitures, combined with its financial performance indicators such as revenue growth, net margin, and debt management, present a nuanced picture. While the revenue trend is positive, challenges in net margin, ROE, ROA, and a high debt-to-equity ratio could impact investor sentiment and stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100