Analyst Ratings for Newmont Mining Corp. (NEM)

Updated: 2017-07-28

Analysts covering Newmont Mining Corp. (NYSE:NEM) have given it a consensus rating of Overweight. About 30 days ago, NEM was issued an average rating of Overweight.

10 analysts declared NEM a buy, 1 gave an overweight rating, 10 issued a hold rating, 0 issued an underweight rating, and 1 gave a sell rating. Today, there are 2 more analysts optimistic about the company future as compared with 90 days ago. Meanwhile, the number of analysts pessimistic about the company has increased by 0.

A number of analysts gave price targets for NEM. The most optimistic analyst gave a price target of 48, which equates to a potential upside of 31.72 percent. The minimum price target given was 24, which equates to a potential downside of -34.14 percent. Note that investment analysts can be biased in their reporting on companies's ratings and price targets.

Analysts have revised their earnings estimates upwards for this quarter, by about 7.69 percent on average, compared to last month. That number becomes 1.72 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 8.92 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 8.46 percent.

Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. Over the past month, 3 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Over the same time period, 6 analysts revised their FY earnings estimates upwards, compared to 0 analysts that revised their FY estimates downwards.

The growth rate of NEM's earnings is estimated by analysts to be 430.51 percent. Another measure frequently examined by investors is the PEG ratio. Investors like to see smaller values for the PEG ratio, as that can indicate whether the high price level of a stock is warranted by high growth. PEG ratios below 1 are often considered desirable, although it is frequently more appropriate to compare PEG ratios to the company's peers. NEM has a PEG ratio of 0.37.

In the trailing 52-weeks, NEM hit 46.07 at the highest peak, while it's lowest trading point was 30.19. The current market price is above the trailing year's low by 20.7 percent, and 20.9 percent lower than its 52-week high. NEM has a price/earnings ratio of 161.38. Investors typically compare the P/E ratio to a company's peers in the industry. The NEM value stock report compares NEM to some of its peers using value stock charts. The market cap of NEM is $19.71 billion. NEM will post this quarters earnings in days, on 0000-00-00.