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Newmont Mining Corp. (NYSE:NEM) set a new 52-week low during trading on Friday, AnalystRatingsNetwork.com reports. The stock traded as low as $21.27 and last traded at $21.61, with a volume of 32,198,860 shares. The stock had previously closed at $24.10.

A number of analysts have recently weighed in on NEM shares. Analysts at RBC Capital downgraded shares of Newmont Mining Corp. from a “sector perform” rating to an “underperform” rating in a research note to investors on Friday. Separately, 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. They now have an “equal weight” rating on the stock. Finally, analysts at Bank of America Corp. downgraded shares of Newmont Mining Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, January 9th. Five investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $37.58.

Newmont Mining Corp. has a one year low of $21.27 and a one year high of $45.82. The stock’s 50-day moving average is $23.66 and its 200-day moving average is $27.08. The company’s market cap is $10.754 billion. Newmont Mining Corp. also saw unusually large options trading activity on Friday. Investors acquired 21,476 call options on the company. This is an increase of 138% compared to the average daily volume of 9,005 call options.

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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