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NEWMONT CORPORATION

(NEM)
  Report
Delayed Nyse  -  04:00:01 2023-03-24 pm EDT
48.55 USD   +1.59%
03/22UBS Cuts Newmont's Price Target
MT
03/22UBS Adjusts Newmont Price Target to $52 From $53, Maintains Neutral Rating
MT
03/21UBS Outlines Gold Equities Pricing For Barrick, Newmont
MT
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Newmont Corporation : Attractive price levels

03/14/2023 | 02:22am EDT
long trade
Live
Entry price : 45.3$ | Target : 53$ | Stop-loss : 41$ | Potential : 17%
After several weeks of decline, shares in Newmont Corporation are approaching an important technical support area around 40.74 USD on the weekly chart. These levels represent attractive entry points.
Investors have an opportunity to buy the stock and target the $ 53.
Newmont Corporation : Newmont Corporation : Attractive price levels
Summary
  • Overall, the company has poor fundamentals for a medium to long-term investment strategy.
  • The company's Refinitiv ESG score, based on a ranking of the company relative to its industry, comes out particularly well.

Strengths
  • The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
  • The company is in a robust financial situation considering its net cash and margin position.
  • Growth remains a strong point in this company. In their sales forecast, analysts sound optimistic with regard to sales prospects.
  • For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.
  • The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
  • The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.

  • Weaknesses
    • According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
    • With a 2023 P/E ratio at 27.23 times the estimated earnings, the company operates at rather significant levels of earnings multiples.
    • For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
    • For the past year, analysts have significantly revised downwards their profit estimates.
    • The overall consensus opinion of analysts has deteriorated sharply over the past four months.
    • Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
    • The company's earnings releases usually do not meet expectations.
    Ratings chart
    Subsector Gold Mining
    1st jan.Capitalization (M$)Investor Rating
    NEWMONT CORPORATION2.86%38 573
    BARRICK GOLD CORPORATION9.61%32 474
    AGNICO EAGLE MINES LIMITED-0.60%23 602
    WHEATON PRECIOUS METALS COR..22.16%21 271
    NEWCREST MINING LIMITED27.28%15 545
    ANGLOGOLD ASHANTI LIMITED18.88%9 277
    NORTHERN STAR RESOURCES LIM..5.68%8 803
    ROYAL GOLD, INC.12.17%8 300
    YAMANA GOLD INC.7.18%5 633
    KINROSS GOLD CORPORATION8.15%5 317
    ZHAOJIN MINING INDUSTRY COM..40.55%5 083
    More Results

    ę MarketScreener.com 2023

    Disclaimer: The information, charts, data, views, or comments provided by SURPERFORMANCE SAS are intended for investors who have the necessary knowledge and experience to understand and appreciate the information contained within. These items are disseminated for personal reference only. They do not constitute an offer or solicitation to buy or sell financial products or services, nor an investment advice.
    The use of the information disseminated takes place under the investor's sole responsibility, without recourse against SURPERFORMANCE SAS. SURPERFORMANCE SAS will not be liable, whether in contract, in tort, under any warranty, for errors, omissions, improper investments, or adverse evolution of markets.

    Financials (USD)
    Sales 2023 12 153 M - -
    Net income 2023 1 430 M - -
    Net Debt 2023 2 408 M - -
    P/E ratio 2023 25,9x
    Yield 2023 3,51%
    Capitalization 38 573 M 38 573 M -
    EV / Sales 2023 3,37x
    EV / Sales 2024 3,22x
    Nbr of Employees 14 600
    Free-Float 99,0%
    Upcoming event on NEWMONT CORPORATION
    Income Statement Evolution
    Consensus
    Sell
    Buy
    Mean consensus OUTPERFORM
    Number of Analysts 23
    Last Close Price 48,55 $
    Average target price 56,23 $
    Spread / Average Target 15,8%
    EPS Revisions
    Managers and Directors
    Thomas R. Palmer President, Chief Executive Officer & Director
    Brian C. Tabolt Chief Financial Officer & Executive Vice President
    Gregory H. Boyce Independent Chairman
    Luis Canepari Chief Information Officer & Senior Vice President
    Aaron Puna Chief Technology Officer & Executive VP
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