In the preceding three months, 6 analysts have released ratings for Newmont (NYSE:NEM), presenting a wide array of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 1 | 4 | 0 | 0 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 2 | 0 | 0 |
| 2M Ago | 1 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 1 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Newmont, presenting an average target of $47.25, a high estimate of $54.00, and a low estimate of $43.50. Observing a downward trend, the current average is 4.87% lower than the prior average price target of $49.67.
Analyzing Analyst Ratings: A Detailed Breakdown
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 |
|---|---|---|---|---|---|
| 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 |
| Alexander Hacking | Citigroup | Lowers | Buy | $45.00 | $60.00 |
| Tanya Jakusconek | Scotiabank | Lowers | Sector Perform | $43.50 | $50.00 |
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: Unveiling insights, analysts deliver qualitative insights into stock performance, from ‘Outperform’ to ‘Underperform’. These ratings convey expectations for the relative performance of Newmont compared to the broader market.
Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Newmont’s stock. This comparison reveals trends in analysts’ expectations over time.
To gain a panoramic view of Newmont’s market performance, explore…
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