Vetr Inc. announced Newmont Mining Corp (NYSE:NEM), bumping up its stock price target to $45.64 today
- Updated: September 24, 2016
In a report released on 9/21/2016 Vetr Inc. increased the stock price target of Newmont Mining Corp (NYSE:NEM) to $45.64 reporting a possible upside of 0.16%.
Previously on 09/20/2016, Zacks Investment Research reported on Newmont Mining Corp (NYSE:NEM) increased the target price from $0.00 to $44.00. At the time, this indicated a possible upside of 0.14%.
Just yesterday Newmont Mining Corp (NYSE:NEM) traded -2.97% lower at $39.38. Newmont Mining Corp’s 50-day moving average is $41.56 and its 200-day moving average is $35.93. The last closing price is up 10.11% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 7,188,990 shares of NEM traded hands, down from an average trading volume of 7,396,750
Recent Performance Chart
Newmont Mining Corp has 52 week low of $15.56 and a 52 week high of $46.07 with a PE ratio of 534.59 and has a market capitalization of $0.
In addition to Vetr Inc. reporting its stock price target, a total of 17 brokers have issued a research note on the company. The average stock price target is $35.35 with 1 broker rating the stock a strong buy, 8 brokers rating the stock a buy, 10 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
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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