Providing a diverse range of perspectives from bullish to bearish, 9 analysts have published ratings on Newmont (NYSE:NEM) in the last three months.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 2 | 4 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 2 | 0 | 0 |
| 3M Ago | 0 | 1 | 2 | 0 | 0 |
Analysts have recently evaluated Newmont and provided 12-month price targets. The average target is $50.89, accompanied by a high estimate of $61.00 and a low estimate of $45.00. This upward trend is evident, with the current average reflecting a 9.18% increase from the previous average price target of $46.61.
Breaking Down Analyst Ratings: A Detailed Examination
The standing of Newmont among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Matthew Murphy | Jefferies | Raises | Buy | $54.00 | $50.00 |
| Anita Soni | CIBC | Raises | Outperformer | $61.00 | $46.00 |
| Michael Jalonen | B of A Securities | Raises | Buy | $50.00 | $49.00 |
| Daniel Major | UBS | Raises | Buy | $50.00 | $40.00 |
| Tanya Jakusconek | Scotiabank | Raises | Sector Perform | $48.00 | $46.50 |
| Bob Brackett | Bernstein | Lowers | Market Perform | $45.00 | $46.00 |
| Jackie Przybylowski | BMO Capital | Lowers | Outperform | $54.00 | $56.00 |
| Greg Barnes | TD Securities | Raises | Hold | $48.00 | $43.00 |
| Greg Barnes | TD Securities | Raises | Hold | $48.00 | $43.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Newmont. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Newmont compared to the broader market.
- Price Targets: Analysts set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Newmont's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Newmont analyst ratings.
All You Need to Know About Newmont
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to produce roughly 6.9 million ounces of gold in 2024. However, after buying Newcrest, Newmont is likely to sell a number of its higher cost, smaller mines accounting for 20% of forecast sales in 2024. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2023.
A Deep Dive into Newmont's Financials
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Newmont displayed positive results in 3 months. As of 31 March, 2024, the company achieved a solid revenue growth rate of approximately 50.17%. This indicates a notable increase in the company's top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Newmont's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 4.23% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Newmont's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 0.59%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Newmont's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.31% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: The company faces challenges in debt management with a debt-to-equity ratio higher than the industry average. With a ratio of 0.33, caution is advised due to increased financial risk.
The Significance of Analyst Ratings Explained
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.