Brokerage Firm Rating Update on Newmont Mining Corporation (NEM)

Newmont Mining Corporation (NEM) : The consensus on Newmont Mining Corporation (NEM) based on 9 analyst recommendation on the company stock is 2.67, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 7 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

Newmont Mining Corporation (NEM) : Average target price received by Newmont Mining Corporation (NEM) is $42.23 with an expected standard deviation of $6.65. The most aggressive target on the stock is $49, whereas the most downbeat target is $26. 10 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Morgan Stanley initiates coverage on Newmont Mining Corporation (NYSE:NEM) In a research note issued to the investors, the brokerage major announces price-target of $41 per share.The shares have been rated Equal-weight. The rating by the firm was issued on August 9, 2016.

Newmont Mining Corporation (NYSE:NEM): The stock opened at $41.76 and touched an intraday high of $42.12 on Wednesday. During the day, the stock corrected to an intraday low of $41.13, however, the bulls stepped in and pushed the price higher to close in the green at $42.09 with a gain of 0.21% for the day. The total traded volume for the day was 5,033,421. The stock had closed at $42 in the previous trading session.

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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