Newmont Mining Corp (NYSE:NEM)’s Latest News


Dallas, Texas 02/26/2014 (FINANCIALSTRENDS) – Newmont Mining Corp(NYSE:NEM) the Greenwood village miner and gold producer has been operating across the United states as well as the most leading places where gold reserves are known to be a plenty. These include Peru, Indonesia, New Zealand as well as Mexico and Ghana.

Newmont Mining Corp(NYSE:NEM) is also a known player in producing copper. However, this activity is restricted largely to its Indonesia as well as Bloddington regions of Australia. The company has been working in mines located at Africa as well as Asia Pacific.

Newmont Mining Corp(NYSE:NEM) has since found analysts rating the company Sell. The rating for the company as offered by Jefferies Group has been the cut in price targets. In a research note the company has moved it from $18.00 it held earlier to $17. Then analysts such as Credit Suisse have since rated the share as Neutral. The company has indicated that the rating from the earlier $28.0 to $21.00 price target.

Another analyst as well

Further another analyst such as JP Morgan Chase has also downgraded the stock to neutral rating. Another tow anlyts too have rated the stock as sell. Seven others have a Hold rating. Another has moved it to Buy rating. Currently the Hold rating as well as the consensus price target are at $27.80.

Newmont Mining Corporation is a gold producer who has operations which are spread over assets as varied as United States, Peru, Indonesia as well as New Zealand, Mexico and Ghana. The shares of this gold mining company have been trading in the region of 0.34% and are expected to breach $23.75. The company has also recorded the trading volume of the share at 10,138,401 shares. Besides, Newmont Mining Corp holds a one year high of $42 and a one year low of $20.79. The overall 50-day moving average is $23.42. The 200-day moving average is $26.3. The market cap is $11.885 billion.