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.

Several price targets were given for NEM by the analysts covering the stock. The most optimistic price target was 48, implying potential capital gains of 31.72 percent. The lowest price target was 24, implying potential capital losses of -34.14 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.

Analysts have revised their earnings estimates upwards for this quarter, by about 7.69 percent on average, compared to last month. This can be compared with the average change in earnings estimates over the past 3 months, which is 1.72 percent. 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.

Another thing investors often look at is the level of agreement among analysts' revisions. 3 analysts made positive revisions to their quarterly estimates over the past month, which can be compared to the 0 analysts that decreased their estimates. During this time, 6 analysts made positive revisions in their estimates for this fiscal year's earnings, 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. 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, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of NEM is 0.37.

In the trailing 52-weeks, NEM hit 46.07 at the highest peak, while it's lowest trading point was 30.19. Today's price is 20.7 percent above the 52-week low, and 20.9 percent lower than its 52-week 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 stock has a market capitalization of $19.71 billion. NEM's next earnings release will be on 0000-00-00, which is days away.