Based on the average brokerage recommendation (ABR), Newmont (NEM) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
DENVER, June 28, 2024--Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) today announced the appointment of Harry M. (Red) Conger to its Board of Directors, who will also serve on the Safety and Sustainability Committee. Red brings over 46 years of extensive mining and leadership experience to Newmont’s Board of Directors, having recently retired from Teck Resources, where he served as President and Chief Operating Officer.
Newmont Corporation (NEM) closed the most recent trading day at $41.90, moving -1.64% from the previous trading session.