Newmont Corp (Symbol: NEM) shares have surpassed the average analyst 12-month target price of $73.27, currently trading at $74.47 per share. Analysts may respond to this price crossing by either downgrading their valuation or adjusting the target price higher, influenced by the company’s fundamental developments.
There are 19 analysts contributing to the average target price, with individual estimates ranging from $62.90 to $87.00 and a standard deviation of $6.674. Currently, NEM holds 14 strong buy ratings, 1 buy rating, 6 hold ratings, and 1 sell rating, resulting in an average rating of 1.73, where 1 is Strong Buy and 5 is Strong Sell.
Analyzing this market behavior is essential for investors to evaluate whether NEM’s valuation warrants further investment or whether it is time to liquidate positions.
