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. 8 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 12 Wall Street Analysts endorse the stock as a Buy with a rating of 2.42.
Newmont Mining Corporation (NEM) : Average target price received by Newmont Mining Corporation (NEM) is $42.13 with an expected standard deviation of $6.68. The most aggressive target on the stock is $49, whereas the most downbeat target is $26. 10 financial analysts are currently covering the stock.
For the current week, the company shares have a recommendation consensus of Buy. Newmont Mining Corporation (NYSE:NEM): The stock opened at $45.69 on Thursday but the bulls could not build on the opening and the stock topped out at $45.91 for the day. The stock traded down to $45.20 during the day, due to lack of any buying support eventually closed down at $45.43 with a loss of -0.31% for the day. The stock had closed at $45.57 on the previous day. The total traded volume was 4,913,008 shares.
In a related news,The officer (EVP, Strategic Development) of Newmont Mining Corp /De/, Engel E Randall sold 8,700 shares at $42.55 on July 28, 2016. The Insider selling transaction had a total value worth of $370,185. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
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.