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Newmont Mining Corp. (NYSE:NEM) was downgraded by equities researchers at HSBC from an “overweight” rating to a “neutral” rating in a research report issued on Monday, TheFlyOnTheWall.com reports.

Several other analysts have also recently commented on the stock. Analysts at Cowen and Company cut their price target on shares of Newmont Mining Corp. from $32.18 to $24.24 in a research note to investors on Monday. They now have a “market perform” rating on the stock. Separately, 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. Finally, 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. Five research analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $36.52.

Shares of Newmont Mining Corp. (NYSE:NEM) traded down 2.04% during mid-day trading on Monday, hitting $21.16. The stock had a trading volume of 12,175,430 shares. Newmont Mining Corp. has a 1-year low of $21.27 and a 1-year high of $45.82. The stock has a 50-day moving average of $23.66 and a 200-day moving average of $27.08. The company’s market cap is $10.535 billion. Newmont Mining Corp. also saw unusually large options trading on Friday. Stock traders acquired 21,476 call options on the stock. This represents an increase of 138% compared to the average 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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