Zacks Rating on Newmont Mining Corporation (NEM)

Newmont Mining Corporation (NEM) has an average broker rating of 2.5, which is interpreted as a Buy, as rated by 10 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 7 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Newmont Mining Corporation (NEM) : 10 investment research analysts covering Newmont Mining Corporation (NEM) have an average price target of $42.23 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 $6.65 of the average price.


Newmont Mining Corporation has dropped 2.57% in the last five trading days, however, the shares have posted positive gains of 7.53% in the last 4 weeks. Newmont Mining Corporation is up 36.04% in the last 3-month period. Year-to-Date the stock performance stands at 140.25%. Newmont Mining Corporation (NYSE:NEM): On Tuesdays trading session , Opening price of the stock was $43.76 with an intraday high of $43.825. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $43.08. However, the stock managed to close at $43.15, a loss of 0.39% for the day. On the previous day, the stock had closed at $43.32. The total traded volume of the day was 3,991,880 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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