BMO Capital analyst Andrew Breichmanas reiterated a Buy rating on Newmont Mining Corporation (NYSE: NEM) on September 19 and set a price target of $46. The company’s shares opened today at $31.21, close to its 52-week low of $29.16.
According to TipRanks.com, Breichmanas is a 3-star analyst with an average return of 9.1% and a 42.9% success rate. Breichmanas covers the Basic Materials sector, focusing on stocks such as Agnico Eagle, Barrick Gold, and IAMGOLD Corp.
Newmont Mining Corporation has an analyst consensus of Hold, with a price target consensus of $40.50.
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Based on Newmont Mining Corporation’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.67 billion and net profit of $292 million. In comparison, last year the company earned revenue of $1.88 billion and had a net profit of $177 million.
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Newmont Mining Corp. is a gold producer, which engages in the production of copper. It operates through the following geographical segments: North America, South America, Australia, and Africa.
