Key Highlights:
- Newmont (NEM, Financial) anticipates a substantial uptick in Q1 earnings with EPS projected to surge 64% year-over-year.
- Wall Street analysts forecast an average price target of $61.21, indicating an 11.67% upside.
- Current consensus recommendation from brokerage firms rates Newmont Corp as "Outperform."
Newmont Corp (NEM), a leading name in the gold mining sector, is preparing for a significant financial performance boost as it unveils its Q1 earnings following the market closure on April 23. Analysts predict a remarkable 64% increase in earnings per share (EPS) to $0.90. Furthermore, the company expects its revenue to rise dramatically by 75% to $4.69 billion, spurred by recent analyst upgrades and a favorable trend in gold prices.
Wall Street Analysts Forecast
According to the insights from 18 financial analysts, Newmont Corp (NEM, Financial) holds an average one-year target price of $61.21. This prediction comprises a high estimate of $77.50 and a low of $52.00, offering a potential upside of 11.67% from the latest trading price of $54.81. Investors seeking more detailed data can explore the Newmont Corp (NEM) Forecast page.
Moreover, the consensus from 20 brokerage firms presently rates Newmont Corp (NEM, Financial) at 2.0 on their recommendation scale, categorizing it within the "Outperform" bracket. This rating is anchored on a scale where 1 denotes a Strong Buy and 5 a Sell, indicating robust trust in the stock’s future performance.
The GuruFocus estimates propose that the GF Value for Newmont Corp (NEM, Financial) in one year is approximately $48.48. This suggests a downside potential of 11.55% from the current market price of $54.81. The GF Value reflects an estimation of the stock’s fair trading value, derived from its historical trading multiples, past business growth, and future business performance expectations. For further insights, visit the Newmont Corp (NEM) Summary page.
