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Newmont Mining (NEM) Gets a Hold Rating from RBC Capital

In a report issued on February 14, Josh Wolfson from RBC Capital maintained a Hold rating on Newmont Mining (NEMResearch Report), with a price target of $60.00. The company’s shares closed last Tuesday at $63.28.

According to TipRanks.com, Wolfson is a 2-star analyst with an average return of 0.3% and a 52.8% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.

Currently, the analyst consensus on Newmont Mining is a Hold with an average price target of $66.28, implying a 5.4% upside from current levels. In a report issued on February 3, Barclays also maintained a Hold rating on the stock with a $62.00 price target.

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The company has a one-year high of $75.31 and a one-year low of $52.60. Currently, Newmont Mining has an average volume of 6.65M.

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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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