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 price target was 48, implying a possible profit of 31.72 percent. The most pessimistic analyst gave a price target of 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.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change 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. Over the past 30 days, FY earnings estimates have also changed upwards by 8.92 percent. If we look at the last 90 days instead, we find a net average change of 8.46 percent in FY estimates.
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. Over the same time period, 6 analysts revised their FY earnings estimates upwards, while 0 analysts decreased their 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. 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. Many investors consider PEG ratios between 0 and 1 as preferrable, though it could be better to see where the ratio stands relative to peers in the industry. NEM has a PEG ratio of 0.37.
In the last 52-weeks, NEM has achieved a high of 46.07 and a low of 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 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 is estimated to release their earnings results for the quarter on 0000-00-00, days from today.