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Barclays Stick to Their Hold Rating for Newmont Mining

Published 11/24/2020, 08:30 PM
Updated 11/24/2020, 08:30 PM


Barclays (LON:BARC) analyst Matt Murphy maintained a Hold rating on Newmont Mining (NYSE:NEM) on Monday, setting a price target of $65, which is approximately 10.77% above the present share price of $58.68.

Murphy expects Newmont Mining to post earnings per share (EPS) of $1.04 for the fourth quarter of 2020.

The current consensus among 5 TipRanks analysts is for a Moderate Buy rating of shares in Newmont Mining, with an average price target of $78.08.
The analysts price targets range from a high of $93.4 to a low of $65.

In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $3.17 billion and a net profit of $1.01 billion. The company's market cap is $49.53 billion.

According to TipRanks.com, Barclays analyst Matt Murphy is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 13.2% and a 68.42% success rate.

Newmont Corp. is a gold producer, which engages in the production of gold. It operates through the following geographical segments: North America, South America, Australia, and Africa. The North America segment consists primarily of carlin, phoenix, twin creeks and long canyon in the state of Nevada and Cripple Creek and Victor in the state of Colorado, in the United States. The South America segment consists primarily of Yanacocha in Peru and Merian in Suriname. The Australia segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia. The Africa segment consists primarily of Ahafo and Akyem in Ghana. The company was founded by William Boyce Thompson on May 2, 1921 and is headquartered in Greenwood Village, CO.

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