Canaccord Genuity analyst Carey MacRury maintained a Buy rating on Newmont Mining (NYSE:NEM) on Thursday, setting a price target of $86, which is approximately 36.57% above the present share price of $62.97.
MacRury expects Newmont Mining to post earnings per share (EPS) of $1.03 for the first quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in Newmont Mining, with an average price target of $73.45.
The analysts price targets range from a high of $87.51 to a low of $64.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $3.38 billion and a net profit of $988 million. The company's market cap is $50.45 billion.
According to TipRanks.com, Canaccord Genuity analyst Carey MacRury is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 16.8% and a 63.05% success rate.
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.