Newmont Mining Corp Rating Reiterated by RBC Capital (NEM,)
Newmont Mining Corp (NASDAQ:NEM,)‘s stock had its “sector perform” rating restated by RBC Capital in a research note issued on Wednesday, AnalystRatingsNetwork reports.
NEM, has been the subject of a number of other recent research reports. Analysts at Barclays Capital downgraded shares of Newmont Mining Corp (NASDAQ:NEM,) from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, September 5th. Separately, analysts at BB&T Corp. raised their price target on shares of Newmont Mining Corp (NASDAQ:NEM,) from $32.00 to $35.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. Finally, analysts at CIBC raised their price target on shares of Newmont Mining Corp (NASDAQ:NEM,) from $29.00 to $30.00 in a research note to investors on Monday, July 29th. They now have a “sector underperformer” rating on the stock.
One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. Newmont Mining Corp currently has a consensus rating of “Hold” and a consensus target price of $30.98.
Newmont Mining Corp (NASDAQ:NEM,) traded up 8.24% during mid-day trading on Wednesday, hitting $30.87. The stock had a trading volume of 14,838,620 shares. Newmont Mining Corp has a one year low of $26.43 and a one year high of $57.93. The stock’s 50-day moving average is $30.42 and its 200-day moving average is $33.03. The company’s market cap is $15.363 billion.
Newmont Mining Corporation (NASDAQ:NEM,) is a gold producer.
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