Newmont Mining Corp Given New $29.00 Price Target at Barclays (NEM,)
Investment analysts at Barclays reduced their price objective on shares of Newmont Mining Corp (NASDAQ:NEM,) from $35.00 to $29.00 in a note issued to investors on Friday, American Banking and Market News reports.
NEM, has been the subject of a number of other recent research reports. Analysts at Mackie raised their price target on shares of Newmont Mining Corp from $21.50 to $22.50 in a research note to investors on Monday, November 4th. They now have a “hold” rating on the stock. Separately, analysts at CIBC reiterated a “sector underperform” rating on shares of Newmont Mining Corp in a research note to investors on Monday, November 4th. They now have a $30.00 price target on the stock. Finally, analysts at TD Securities raised their price target on shares of Newmont Mining Corp from C$32.00 to C$33.00 in a research note to investors on Monday, November 4th. They now have a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Newmont Mining Corp has an average rating of “Hold” and a consensus target price of $31.47.
Newmont Mining Corp (NASDAQ:NEM,) traded up 2.65% on Friday, hitting $24.585. The stock had a trading volume of 8,584,458 shares. Newmont Mining Corp has a one year low of $22.34 and a one year high of $45.82. The stock has a 50-day moving average of $23.4 and a 200-day moving average of $27.35. The company’s market cap is $12.240 billion.
Newmont Mining Corporation (NASDAQ:NEM,) is a gold producer.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.