5 Most Promising Gold Stocks According to Analysts

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1. Newmont Corporation (NYSE:NEM)

Number of Hedge Fund Holders: 50

Average Price Target by Analysts: $58.02

Gold-producing giant Newmont Corporation (NYSE:NEM) is in the spotlight after the company offered to buy Newcrest Mining for $16.9 billion.

For the third quarter, Newmont Corporation (NYSE:NEM)’s adjusted EPS came in at $0.27, missing estimates by $0.07. Revenue in the quarter came in at $2.63 billion, missing estimates by $250 million.

Newmont Corporation (NYSE:NEM) at the time said that it was on track to meet its full-year guidance of 6.0 million ounces of attributable gold production.

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