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.

Investment analysts gave a few price targets for NEM. The maximum price target given was 48, implying a possible profit of 31.72 percent. The minimum price target given was 24, implying a possible loss of -34.14 percent. It is advisable to not rely only on price targets or ratings, as these can be biased for some stocks.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 7.69 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is 1.72 percent. Meanwhile, fiscal year estimates have been revised upwards by 8.92 percent, compared to last month. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes 8.46 percent.

People are often interested in whether analysts were united in the direction of their revisions. Over the past month, 3 analysts increased their quarterly estimates, which can be compared to the 0 analysts that decreased their estimates. Also over the last month, 6 analysts increased their estimates for the FY earnings, while 0 analysts made negative revisions to their fiscal year's estimates.

NEM has an estimated earnings growth rate of 430.51 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, as that can indicate whether the high price level of a stock is warranted by high growth. People often look for the PEG ratio to be under 1, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of NEM is 0.37.

NEM has traded between a high of 46.07 and a low of 30.19 over the past year. The current market price is above the trailing year's low by 20.7 percent, and 20.9 percent below the high. NEM has a P/E 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's next earnings release will be on 0000-00-00, which is days away.