Currently, 23 analysts are covering Newmont Mining (NEM). Seven analysts have issued “buy” ratings, 13 have given it a “hold” rating, and only one has issued a “sell” recommendation.
These analysts gave a consensus target price of $30.50 for Newmont Mining compared to the current market price of $32.10. In comparison, Barrick Gold (ABX) has 41% “buy” ratings, Yamana Gold (AUY) has 29% “buy” ratings, and Kinross Gold (KGC) has 41% “buy” ratings. Over the years, we’ve seen Newmont’s share price move in tandem with analyst recommendations.
Below is a more detailed breakdown of analyst recommendations, upgrades, and downgrades for Newmont Mining after its 1Q16 results:
- Newmont was downgraded to a “hold” from “buy” at Mackie Research Capital after Newmont’s 1Q16 results. Mackie has a target price of $30.50 on the stock.
- Jefferies, on the other hand, increased Newmont’s target price from $33 to $36 while maintaining a “buy” rating on April 21, 2016.
- Barclays reiterated its “equal weight” rating on Newmont with a target price of $33.
- Clarkson Platou downgraded Newmont from a “buy” to a “hold” rating on April 18. It has a target price of $33 on the stock.