Newmont Mining Corp PT Raised to $37.30 at HSBC (NEM,)
Equities researchers at HSBC increased their target price on shares of Newmont Mining Corp (NASDAQ:NEM,) from $36.50 to $37.30 in a research report issued on Monday, StockRatingsNetwork reports. The firm currently has an “overweight” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Credit Suisse cut their price target on shares of Newmont Mining Corp from $32.00 to $31.00 in a research note to investors on Tuesday, October 8th. They now have a “neutral” rating on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $32.11.
Shares of Newmont Mining Corp (NASDAQ:NEM,) traded up 0.47% on Monday, hitting $25.74. The stock had a trading volume of 6,981,376 shares. Newmont Mining Corp has a one year low of $25.50 and a one year high of $56.38. The stock’s 50-day moving average is $29.05 and its 200-day moving average is $31.50. The company’s market cap is $12.810 billion.
Newmont Mining Corporation (NASDAQ:NEM,) is a gold producer.
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