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Do Analysts Agree Monday on Newmont Corporation (NEM) Stock's Target Price?

Monday, October 03, 2022 11:23 AM | InvestorsObserver Analysts
Do Analysts Agree Monday on Newmont Corporation (NEM) Stock's Target Price?

InvestorsObserver is giving Newmont Corporation (NEM) an Analyst Rating Rank of 30, meaning NEM is ranked higher by analysts than 30% of stocks. The average price target for NEM is $59.03 and analyst’s rate the stock as a Buy.

Overall Score - 3.9
Wall Street analysts are rating NEM a Buy today. Find out what this means to you and get the rest of the rankings on NEM!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Newmont Corporation Stock Today?

Newmont Corporation (NEM) stock is trading at $43.59 as of 11:08 AM on Monday, Oct 3, an increase of $1.54, or 3.66% from the previous closing price of $42.05. The stock has traded between $42.37 and $43.64 so far today. Volume today is light. So far 3,237,373 shares have traded compared to average volume of 9,773,193 shares. Click Here to get the full Stock Report for Newmont Corporation stock.

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