Newmont Mining Corp PT Raised to $26.00 at TD Securities (NEM,)
Equities researchers at TD Securities increased their price objective on shares of Newmont Mining Corp (NASDAQ:NEM,) from $24.00 to $26.00 in a research report issued on Monday, Analyst Ratings Network reports.
A number of other analysts have also recently weighed in on NEM,. Analysts at CIBC upgraded shares of Newmont Mining Corp to a “sector perform” rating in a research note on Monday. They now have a $33.00 price target on the stock, up previously from $27.00. Separately, analysts at Deutsche Bank raised their price target on shares of Newmont Mining Corp from $19.00 to $21.00 in a research note on Monday, April 7th. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Newmont Mining Corp from $21.00 to $26.00 in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $28.16.
Newmont Mining Corp (NASDAQ:NEM,) traded down 6.73% during mid-day trading on Monday, hitting $24.67. 16,927,676 shares of the company’s stock traded hands. Newmont Mining Corp has a one year low of $20.79 and a one year high of $35.44. The stock’s 50-day moving average is $24.53 and its 200-day moving average is $24.61. The company’s market cap is $12.299 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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