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Newmont Mining (NEM) Receives a Hold from Barclays

In a report issued on February 24, Matt Murphy from Barclays maintained a Hold rating on Newmont Mining (NEMResearch Report), with a price target of $63.00. The company’s shares closed last Friday at $67.90.

According to TipRanks.com, Murphy is a 4-star analyst with an average return of 13.2% and a 67.5% success rate. Murphy covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, First Quantum Minerals, and Southern Copper.

Currently, the analyst consensus on Newmont Mining is a Hold with an average price target of $66.44, a 0.7% upside from current levels. In a report issued on February 9, Canaccord Genuity also downgraded the stock to Hold with a $65.00 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 7.19M.

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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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