tiprankstipranks
Blurbs

Newmont Mining (NEM) Receives a Hold from RBC Capital

RBC Capital analyst Josh Wolfson maintained a Hold rating on Newmont Mining (NEMResearch Report) on April 25 and set a price target of $77.00. The company’s shares closed last Tuesday at $72.13.

According to TipRanks.com, Wolfson is a 3-star analyst with an average return of 2.7% and a 55.4% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.

Currently, the analyst consensus on Newmont Mining is a Hold with an average price target of $75.31, implying a 3.1% upside from current levels. In a report issued on April 20, National Bank also downgraded the stock to Hold with a C$119.00 price target.

See today’s best-performing stocks on TipRanks >>

Based on Newmont Mining’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.02 billion and net profit of $448 million. In comparison, last year the company earned revenue of $2.87 billion and had a net profit of $559 million.

Based on the recent corporate insider activity of 115 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NEM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Newmont Corporation is a mining company and has the world’s largest gold reserve base in the industry. It engages in the exploration and production of gold, copper, silver, zinc, and lead.

Read More on NEM:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed