Credit Suisse Lowers Newmont Mining Corp Price Target to $31.00 (NEM,)
Credit Suisse reduced their price objective on shares of Newmont Mining Corp (NASDAQ:NEM,) from $32.00 to $31.00 in a research note issued on Tuesday, AnalystRatings.Net reports. The firm currently has a “neutral” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. initiated coverage on shares of Newmont Mining Corp in a research note to investors on Friday, September 20th. They set a “neutral” rating and a $28.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Newmont Mining Corp from $41.00 to $40.00 in a research note to investors on Thursday, September 19th. They now have an “overweight” rating on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Newmont Mining Corp in a research note to investors on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $31.54.
Newmont Mining Corp (NASDAQ:NEM,) traded down 3.02% on Tuesday, hitting $26.35. 7,933,089 shares of the company’s stock traded hands. Newmont Mining Corp has a 52-week low of $26.43 and a 52-week high of $56.38. The stock has a 50-day moving average of $29.74 and a 200-day moving average of $31.80. The company’s market cap is $13.113 billion.
Newmont Mining Corporation (NASDAQ:NEM,) is a gold producer.
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