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 maximum price target given was 48, which equates to a potential upside of 31.72 percent. The lowest price target was 24, which equates to a potential downside of -34.14 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

In the last 30 days, analysts have changed their quarterly earnings estimates upwards by an average of 7.69 percent. The average change in earnings estimates over the last 90 days is 1.72 percent. On the other hand, earnings estimates for the fiscal year have been revised upwards by 8.92 percent, as compared to a month ago. 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, while 0 analysts made negative revisions. 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. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, even though it may be more relevant to compare the ratio to that of a firm's competitors. The PEG ratio of NEM is 0.37.

NEM has a 52-week high of 46.07 and a 52-week low of 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 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's next earnings release will be on 0000-00-00, which is days away.