Barclays PLC announced Newmont Mining Corp (NYSE:NEM), bumping up its stock price target to $45.00 today
- Updated: October 16, 2016
Newmont Mining Corp (NYSE:NEM) had its target price raised to $45.00 by Barclays PLC in a report released 10/17/2016. The new target price indicates a possible upside of 0.31% based on the company's last stock close price.
Previously on 10/04/2016, Zacks Investment Research reported about Newmont Mining Corp (NYSE:NEM) raised the target price from $0.00 to $44.00. At the time, this indicated a possible upside of 0.16%.
Yesterday Newmont Mining Corp (NYSE:NEM) traded 2.04% higher at $34.23. The company’s 50-day moving average is $38.22 and its two hundred day average is $36.87. With the last stock price down -5.26% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. Trade Volume was down over the average, with 307,106 shares of NEM changing hands under the typical 6,858,660
With a total market value of $0, Newmont Mining Corp has price-earnings ratio of 472.03 with a one year low of $16.05 and a one year high of $46.07 .
A total of 17 analysts have released a research note on NEM. One analyst rating the company a strong buy, 8 firms rating the stock a buy, 10 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 brokerages rating the stock a sell with a average stock price target of $35.35.
Brief Synopsis On Newmont Mining Corp (NYSE:NEM)
Newmont Mining Corporation 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 and Suriname. Its segments are North America, South America, Asia Pacific and Africa. It has gold reserves of over 73.7 million ounces and an aggregate land position of over 20,000 square miles. It is also engaged in the production of copper, through Batu Hijau in Indonesia, Boddington in Australia and Phoenix in the United States. The North America segment consists of Carlin, Phoenix and Twin Creeks in the state of Nevada, and Cripple Creek &Victor in the state of Colorado, in the United States. The South America segment consists of Yanacocha in Peru. The Asia Pacific segment consists of Boddington, Tanami and Kalgoorlie in Australia and Batu Hijau in Indonesia. The Africa segment consists primarily of Ahafo and Akyem in Ghana.
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