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Newmont Mining Corp (NYSE: NEM) received a number of ratings updates from brokerages and research firms in the last week:

  • Newmont Mining Corp was downgraded by analysts at HSBC from an “overweight” rating to a “neutral” rating.
  • Newmont Mining Corp had its price target lowered by analysts at Sterne Agee to $30.00. They now have a “buy” rating on the stock.
  • Newmont Mining Corp had its price target lowered by analysts at Cowen and Company from $32.18 to $24.24. They now have a “market perform” rating on the stock.
  • Newmont Mining Corp was downgraded by analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating. They now have a $26.00 price target on the stock, down previously from $28.00.
  • Newmont Mining Corp had its price target lowered by analysts at Credit Suisse to $21.00. They now have a “neutral” rating on the stock.

Newmont Mining Corp (NYSE:NEM) traded down 1.70% during mid-day trading on Wednesday, hitting $22.51. The stock had a trading volume of 11,876,181 shares. Newmont Mining Corp has a 1-year low of $20.79 and a 1-year high of $45.09. The stock’s 50-day moving average is $23.34 and its 200-day moving average is $26.62. The company’s market cap is $11.207 billion.

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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