Analyst Rating Update on Newmont Mining Corporation (NEM)

Newmont Mining Corporation (NEM) : 3 brokerage houses believe that Newmont Mining Corporation (NEM) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 7 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Newmont Mining Corporation (NEM). Zacks Investment Research suggests a Buy with a rank of 2.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 2.36.

Newmont Mining Corporation (NEM) : 10 investment research analysts covering Newmont Mining Corporation (NEM) have an average price target of $41.03 for the near short term. The highest target price given by the Brokerage Firm to the stock is $49 and the lowest target is $26 for the short term. Analysts expect the variance to be within $6.52 of the average price.

Company shares have received an average consensus rating of Hold for the current week Also, Jefferies maintains its rating on Newmont Mining Corporation (NYSE:NEM). The global brokerage major raises the current price target from $33 per share to $42 per share. Analysts at the Jefferies have a current rating of Hold on the shares. The rating by the firm was issued on July 14, 2016.


Newmont Mining Corporation (NYSE:NEM): The stock opened at $45.68 on Wednesday but the bulls could not build on the opening and the stock topped out at $45.68 for the day. The stock traded down to $44.71 during the day, due to lack of any buying support eventually closed down at $45.02 with a loss of -1.83% for the day. The stock had closed at $45.86 on the previous day. The total traded volume was 6,818,223 shares.

Newmont Mining Corporation (Newmont) is a global mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Suriname. The Companys business segments include North America, South America, Asia Pacific and Africa. The Companys North America segment consists primarily of Carlin, Phoenix, CC&V and Twin Creeks in the state of Nevada in the United States. The Companys South America segment consists primarily of Yanacocha in Peru. The Companys Asia Pacific segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia, and Batu Hijau in Indonesia. The Companys Africa segment consists primarily of Ahafo and Akyem in Ghana. The Companys product at its gold operations is dore bars. Dore is an alloy consisting primarily of gold, as well as silver and other metals.

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