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Newmont Corporation (NEM) has an average brokerage recommendation (ABR) of 1.88, indicating a consensus between Strong Buy and Buy, based on recommendations from 17 brokerage firms. Currently, 52.9% of these recommendations are Strong Buy and 5.9% are Buy.
In the past month, the Zacks Consensus Estimate for Newmont’s earnings has risen by 11.3% to $2.76, contributing to a Zacks Rank of #1 (Strong Buy) for the company. Analysts generally display a positive bias in their recommendations; nonetheless, the increase in earnings estimates could signify a strong potential for the stock in the near term.
While brokerage recommendations offer insights, they often reflect analysts’ biases, and investors are advised to complement these recommendations with independent analysis, such as Zacks Rank, for more reliable investment decisions.
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