Breaking Down Newmont: 6 Analysts Share Their Views
Portfolio Pulse from Benzinga Insights
In the past three months, 6 analysts have provided ratings for Newmont (NYSE:NEM), with a mix of bullish, somewhat bullish, indifferent, somewhat bearish, and bearish views. The average 12-month price target has decreased by 4.87% to $47.25. Recent analyst actions include both rating downgrades and upgrades, reflecting varied sentiments about Newmont's future performance.
May 16, 2024 | 6:00 pm
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Newmont (NYSE:NEM) has received mixed ratings from analysts over the past three months, with a recent decrease in the average 12-month price target by 4.87% to $47.25. Analysts have both downgraded and upgraded their ratings, reflecting varied sentiments about the company's future performance.
The mixed analyst ratings and the decrease in the average 12-month price target indicate uncertainty about Newmont's future performance. While some analysts have downgraded their ratings, others have upgraded, reflecting a balanced view. This suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100