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Newmont Mining (NEM) Receives a Hold from KeyBanc

KeyBanc analyst Adam Josephson maintained a Hold rating on Newmont Mining (NEMResearch Report) today. The company’s shares closed last Monday at $71.79.

According to TipRanks.com, Josephson ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -4.6% and a 50.6% success rate. Josephson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, International Paper Co, and Berry Global Group.

Newmont Mining has an analyst consensus of Hold, with a price target consensus of $76.49, implying a 7.7% upside from current levels. In a report issued on April 20, National Bank also downgraded the stock to Hold with a C$119.00 price target.

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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 8.36M.

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.

Read More on NEM:

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