Newmont Mining (NEM) Gets a Buy Rating from J.P. Morgan

J.P. Morgan analyst Michael Glick maintained a Buy rating on Newmont Mining (NEMResearch Report) yesterday and set a price target of $80.00. The company’s shares closed last Friday at $74.52.

Glick has an average return of 22.6% when recommending Newmont Mining.

According to TipRanks.com, Glick is ranked #5475 out of 7914 analysts.

Currently, the analyst consensus on Newmont Mining is a Hold with an average price target of $78.18.

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The company has a one-year high of $86.37 and a one-year low of $52.60. Currently, Newmont Mining has an average volume of 8.37M.

Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of NEM in relation to earlier this year.

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 Corporation is a mining company and has the world’s largest gold reserve base in the industry. It engages in the exploration and production of gold, copper, silver, zinc, and lead.

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