Research analysts at Mackie upped their price objective on shares of Newmont Mining Corp (NASDAQ:NEM,) from $21.50 to $22.50 in a report released on Monday, Stock Ratings Network.com reports. The firm currently has a “hold” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at CIBC reiterated a “sector underperform” rating on shares of Newmont Mining Corp in a research note to investors on Monday. They now have a $30.00 price target on the stock. Separately, analysts at TD Securities raised their price target on shares of Newmont Mining Corp from C$32.00 to C$33.00 in a research note to investors on Monday. They now have a “hold” rating on the stock. Finally, analysts at RBC Capital reiterated a “sector perform” rating on shares of Newmont Mining Corp in a research note to investors on Tuesday, October 29th. They now have a $35.00 price target on the stock, down previously from $41.00. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $31.66.
Shares of Newmont Mining Corp (NASDAQ:NEM,) traded up 5.20% during mid-day trading on Monday, hitting $27.33. 10,078,397 shares of the company’s stock traded hands. Newmont Mining Corp has a 52-week low of $25.33 and a 52-week high of $52.13. The stock has a 50-day moving average of $27.51 and a 200-day moving average of $30.2. The company’s market cap is $13.598 billion.
Newmont Mining Corporation (NASDAQ:NEM,) is a gold producer.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.