Zacks Investment Research disclosed Newmont Mining Corp (NYSE:NEM), hiking its price target to $44.00 earlier today
- Updated: September 20, 2016
Having a price of $38.51, Newmont Mining Corp (NYSE:NEM) traded -0.73% lower on the day. With the last close up 6.95% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. NEM has recorded a 50-day average of $42.14 and a two hundred day average of $35.67. Trade Volume was down over the average, with 5,386,390 shares of NEM changing hands under the typical 7,324,440
On Monday September 12, 2016, Vetr Inc. released a statement on Newmont Mining Corp (NYSE:NEM) upped the target price from $0.00 to $45.64 that suggested an upside of 0.16%.
Reporting as potential upside of 0.14%, Zacks Investment Research upped the price target of Newmont Mining Corp (NYSE:NEM) to $44.00
Recent Performance Chart
Newmont Mining Corp has PE ratio of 515.54 with a one year low of $15.40 and a one year high of $46.07 and has a market capitalization of $0.
A total of 17 analysts have released a report 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.
General Company Details For 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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