AllAnalyst Report
logoArgusFebruary 26, 2024

Newmont Corporation: Lowering rating to HOLD

Symbols
NEM
Sector(s)
Basic Materials
Rating
Current Price
$42.37
Price Target
Earnings Estimate
Summary

Founded in 1921, Colorado-based Newmont is the world's largest gold-mining company, with assets and operations in North America, South America, Australia/New Zealand, and Africa. While approximately 88% of its revenues come from gold, the company is also a major producer of copper. Th

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Analyst Profile

David E. Coleman

Securities Analyst and Quantitative Portfolio Strategist
At Argus Research, David covers various Airline, Tobacco and Materials companies and is also a quantitative portfolio strategist. He received his undergraduate degree from Edinboro University of Pennsylvania, graduating magna cum laude with a Bachelor of Science degree in Biology and a minor in Psychology. Prior to joining Argus, David worked in a variety of industries, ranging from industrial engineering to commercial fishing. David is the great-grandson of Harold B. Dorsey, who founded Argus in 1934. He started his career at Argus in the Economics department.