Newmont Mining (NYSE:NEM) price target upped to $45.00, issued a ratings update earlier today by Barclays
- Updated: October 17, 2016
Boasting a price of $34.23, Newmont Mining (NYSE:NEM) traded 2.04% higher on the day. With the last stock price close down -5.26% from the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $38.22 and a 200-day moving average of $36.87. 307,106 shares of NEM traded hands, down from an average trading volume of 6,858,660
Stating a potential upside of 0.31%, Barclays upped the price target of Newmont Mining (NYSE:NEM) to $45.00
Previously on Tuesday October 04, 2016, Zacks Investment Research reported about Newmont Mining (NYSE:NEM) increased the target price from $0.00 to $44.00. At the time, this indicated a possible upside of 0.16%.
Recent Performance Chart
With a market cap of $0, Newmont Mining has 52 week low of $16.05 and a 52 week high of $46.07 with a P/E ratio of 472.03 .
In addition to Barclays reporting its stock price target, a total of 17 brokers have issued a research note on Newmont Mining. The 12-month price target is $35.35 with one analyst rating the stock a strong buy, 8 firms rating the stock a buy, ten equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally 0 brokers rating the stock a sell.
General Company Details For Newmont Mining (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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