Newmont Mining Corp. Sets New 1-Year Low at $26.29 (NEM)
Newmont Mining Corp. (NYSE:NEM) set a new 52-week low during mid-day trading on Tuesday, AnalystRatingsNetwork.com reports. The stock traded as low as $26.29 and last traded at $26.31, with a volume of 6,690,725 shares. The stock had previously closed at $27.17.
NEM has been the subject of a number of recent research reports. 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 on the stock. Separately, analysts at Barclays Capital downgraded shares of Newmont Mining Corp. from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, September 5th. They now have a $36.00 price target on the stock, down previously from $42.00. Finally, analysts at Zacks upgraded shares of Newmont Mining Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, August 21st. They now have a $34.00 price target on the stock. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. Newmont Mining Corp. has a consensus rating of “Hold” and an average target price of $41.90.
Newmont Mining Corp. has a 52 week low of $26.43 and a 52 week high of $56.38. The stock’s 50-day moving average is $29.74 and its 200-day moving average is $31.80. The company’s market cap is $13.113 billion.
Newmont Mining Corporation is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Mexico.
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