Newmont Mining Corp (NYSE:NEM) has been upgraded to Buy in a statement by Bank of America Corp. earlier today.
- Updated: November 27, 2016
Having a price of $32.23, Newmont Mining Corp (NYSE:NEM) traded 1.33% higher on the day. With the last close down -15.79% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the same period. Newmont Mining Corp has recorded a 50-day average of $34.99 and a two hundred day average of $37.91. Volume of trade was down over the average, with 3,520,709 shares of NEM changing hands under the typical 7,383,490
Bank of America Corp. has upgraded Newmont Mining Corp (NYSE:NEM) to Buy in a statement released on 11/22/2016.
On 3/07/2016, RBC Capital Markets released a statement on Newmont Mining Corp (NYSE:NEM) upped the target price from $20.00 to $25.00 that suggested a downside of -0.04%.
With a total market value of $0, Newmont Mining Corp has 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 Newmont Mining Corp. One analyst rating the company a strong buy, eight analysts rating the company a buy, ten analysts rating the company a hold, one analyst rating the company a underperform, and finally zero analysts rating the company a sell with a 12-month price target of $35.35.
More About 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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