Newmont Mining (NEM) Earnings: 3Q Adjusted EPS Falls Short of Estimates Amid High Gold Prices

Newmont Mining on Smartkarma

Analyst coverage on Newmont Mining on Smartkarma reflects a positive outlook from various independent analysts. Value Investors Club highlighted Newmont Corp’s reduced mine risk and potential for growth with a bullish sentiment, predicting a significant upside with a target stock price of $80 by 2025.

Additionally, Baptista Research provided insights into Newmont Corporation’s strong operational performance, citing solid cash flow generation and robust gold production figures. Despite challenges in the mining sector, Newmont Corporation’s strategic snapshot for 2024 remains promising, showcasing resilience and a pathway for continued growth.

A look at Newmont Mining Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Newmont Mining has a solid outlook for the long term. The company scores well in Value, Dividend, and Resilience, indicating strong performance in these areas. With a Momentum score of 5, Newmont Mining is also showing significant positive momentum, which bodes well for its future prospects. However, the Growth score of 2 suggests that there may be some room for improvement in this aspect.

Newmont Mining Corporation, known for acquiring, exploring, and developing mineral properties, has operations in various countries including the United States, Australia, Peru, Indonesia, Ghana, Canada, New Zealand, and Mexico. The company primarily focuses on gold production but also mines and processes copper in Indonesia, diversifying its mineral offerings.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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