Jefferies Maintains Newmont Mining Corp to Hold with Price Target $42.00

Brokerage firm Jefferies Maintains its rating on Newmont Mining Corp(NYSE:NEM). In a research note issued to the investors, the brokerage major Raises the price-target to $42.00 per share. The shares have been rated Hold. The rating by Jefferies was issued on Jul 14, 2016.

In a different note, On Jun 2, 2016, Jefferies said it Downgrades its rating on Newmont Mining Corp. In the research note, the firm Lowers the price-target to $38.00 per share. The shares have been rated ‘Hold’ by the firm. On May 11, 2016, Goldman Sachs said it Upgrades its rating on Newmont Mining Corp. In the research note, the firm Raises the price-target to $23.30 per share. The shares have been rated ‘Buy’ by the firm. On Apr 26, 2016, RBC Capital said it Upgrades its rating on Newmont Mining Corp. In the research note, the firm Raises the price-target to $34.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 18, 2016, Clarkson Platou said it Downgrades its rating on Newmont Mining Corp. The shares have been rated ‘Neutral’ by the firm. On Apr 18, 2016, Barclays said it Maintains its rating on Newmont Mining Corp. In the research note, the firm Raises the price-target to $26.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

Newmont Mining Corp (NEM) made into the market gainers list on Mondays trading session with the shares advancing 0.73% or 0.3 points. Due to strong positive momentum, the stock ended at $41.63, which is also near the day’s high of $41.63. The stock began the session at $41.42 and the volume stood at 43,72,680 shares. The 52-week high of the shares is $41.68 and the 52 week low is $15.39. The company has a current market capitalization of $22,086 M and it has 53,05,30,910 shares in outstanding.

Newmont Mining Corp(NEM) last announced its earnings results on Apr 20, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.03B. Analysts had an estimated revenue of $1.90B. Earnings per share were $0.34. Analysts had estimated an EPS of $0.21.

Several Insider Transactions has been reported to the SEC. On May 5, 2015, Thomas P Mahoney (Vice President and Treasurer) sold 692 shares at $26.05 per share price.Also, On May 5, 2015, Stephen P Gottesfeld (EVP and General Counsel) sold 94 shares at $26.04 per share price.On Mar 20, 2015, Elaine J Dorward-king (EVP, S&ER and Comms) sold 716 shares at $22.91 per share price, according to the Form-4 filing with the securities and exchange commission.

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 Company’s business segments include North America South America Asia Pacific and Africa. The Company’s North America segment consists primarily of Carlin Phoenix CC&V and Twin Creeks in the state of Nevada in the United States. The Company’s South America segment consists primarily of Yanacocha in Peru. The Company’s Asia Pacific segment consists primarily of Boddington Tanami and Kalgoorlie in Australia and Batu Hijau in Indonesia. The Company’s Africa segment consists primarily of Ahafo and Akyem in Ghana. The Company’s 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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