RBC Capital analyst Josh Wolfson maintained a Hold rating on Newmont Mining (NYSE:NEM) on Thursday, setting a price target of $68, which is approximately 10.16% above the present share price of $61.73.
Wolfson expects Newmont Mining to post earnings per share (EPS) of $0.70 for the third quarter of 2021.
The current consensus among 8 TipRanks analysts is for a Strong Buy rating of shares in Newmont Mining, with an average price target of $73.66.
The analysts price targets range from a high of $85.54 to a low of $60.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $2.87 billion and a net profit of $895 million. The company's market cap is $49.46 billion.
According to TipRanks.com, RBC Capital analyst Josh Wolfson is currently ranked with 1 stars on a 0-5 stars ranking scale, with an average return of -0.6% and a 51.53% 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.