Newmont Mining Corp Given Sector Perform Rating at RBC Capital (NEM,)
Newmont Mining Corp (NASDAQ:NEM,)‘s stock had its “sector perform” rating reiterated by RBC Capital in a research note issued on Tuesday, AR Network reports.
Newmont Mining Corp (NASDAQ:NEM,) traded down 1.53% on Tuesday, hitting $27.65. The stock had a trading volume of 6,606,136 shares. Newmont Mining Corp has a 1-year low of $26.43 and a 1-year high of $57.93. The stock’s 50-day moving average is $30.54 and its 200-day moving average is $33.26. The company’s market cap is $13.760 billion.
A number of other firms have also recently commented on NEM,. Analysts at HSBC raised their price target on shares of Newmont Mining Corp from $36.50 to $37.30 in a research note to investors on Monday, October 14th. They now have an “overweight” rating on the stock. Separately, 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. Finally, 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. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. Newmont Mining Corp presently has a consensus rating of “Hold” and an average price target of $32.11.
Newmont Mining Corporation (NASDAQ:NEM,) is a gold producer.
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