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.
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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.
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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.