Newmont Mining Corporation (NEM) Receives a Buy from Citigroup


In a report issued on September 11, Alexander Hacking from Citigroup maintained a Buy rating on Newmont Mining Corporation (NEM), with a price target of $46. The company’s shares closed last Monday at $38.62.

According to TipRanks.com, Hacking is a 3-star analyst with an average return of 3.2% and a 53.2% success rate. Hacking covers the Basic Materials sector, focusing on stocks such as Cleveland-Cliffs Inc, Pretium Resources, and AK Steel Holding.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Newmont Mining Corporation with a $45.90 average price target, a 18.4% upside from current levels. In a report issued on September 11, BMO Capital also upgraded the stock to Buy with a $50 price target.

See today’s analyst top recommended stocks >>

The company has a one-year high of $41.23 and a one-year low of $28.35. Currently, Newmont Mining Corporation has an average volume of 8.48M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Newmont Goldcorp Corp. is a gold producer, which engages in the production of gold. It operates through the following geographical segments: North America, South America, Australia, and Africa.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts