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Bank of America Securities reiterates its ‘buy’ rating on Newmont Corporation CHESS
Businessinsider
1h ago
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TipRanks reports that Lawson Winder, an analyst at Bank of America Securities, maintained a "buy" rating on Newmont Corporation CHESS ( NEM ) on Thursday. The stock closed at A$155.03 on that day. The market generally gave the stock a unanimous "strong buy" rating with an average target price of A$194.99; Citibank also maintained a "buy" rating on October 19th with a target price of A$200.00. The company's latest quarterly revenue was A$6.33 billion, and net profit was A$2.48 billion, both higher than the same period last year.
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TipRanks reports that American Bank Securities analyst Lawson Winder maintained a 'buy' rating on Newmont Corporation CHESS on Thursday. The company's stock closed at A$155.03 on Thursday.

According to the data from TipRanks, Winder is a five-star analyst with an average return rate of 13.9% and a success rate of 52.22%. Winder covers the basic materials sector, and the key stocks under tracking include Hudbay Minerals, Cleveland-Cliffs, and Franco-Nevada.

The overall view from Wall Street indicates that Newmont Corporation CHESS currently receives a unanimous 'strong buy' rating from analysts, with an average target price of A$194.99, which means there is a potential upside of 25.78% compared to the current stock price. In a report released on October 19th, Citibank also maintained a 'buy' rating for the stock and set a target price of A$200.00.

According to Newmont Corporation's latest financial report for the quarter ending September 30, as indicated by the CHESS, the company's quarterly revenue was 6.33 billion Australian dollars, with a net profit of 2.48 billion Australian dollars. In comparison, during the same period last year, the company's revenue was 5.38 billion Australian dollars, and the net profit was 1.83 billion Australian dollars.

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