Fundamental Research analyst Siddharth Rajeev maintained a Buy rating on Newmont Mining (NYSE:NEM) on Monday, setting a price target of $63.1, which is approximately 10.37% above the present share price of $57.17.
Rajeev expects Newmont Mining to post earnings per share (EPS) of $0.00 for the fourth quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Moderate Buy rating of shares in Newmont Mining, with an average price target of $61.95.
The analysts price targets range from a high of $71 to a low of $47.56.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $2.9 billion and a net profit of $674 million. The company's market cap is $45.59 billion.
According to TipRanks.com, Fundamental Research analyst Siddharth Rajeev is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 4.7% and a 38.61% 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.