Newmont Mining Corp Lowered to “Underperform” at RBC Capital (NEM,)
Newmont Mining Corp (NASDAQ:NEM,) was downgraded by analysts at RBC Capital to an “underperform” rating in a research report issued to clients and investors on Friday, Analyst Ratings Network reports.
Several other analysts have also recently commented on the stock. Analysts at Barclays cut their price target on shares of Newmont Mining Corp from $35.00 to $29.00 in a research note to investors on Friday, January 17th. Separately, 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. Finally, 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. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $31.20.
Newmont Mining Corp (NASDAQ:NEM,) traded down 10.37% during mid-day trading on Friday, hitting $21.60. The stock had a trading volume of 35,306,604 shares. Newmont Mining Corp has a 52 week low of $22.34 and a 52 week high of $45.82. The stock’s 50-day moving average is $23.71 and its 200-day moving average is $27.12. The company’s market cap is $10.754 billion.
Newmont Mining Corporation (NASDAQ:NEM,) is a gold producer.
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