RBC Capital Keeps Their Hold Rating on Newmont Mining (NEM)

RBC Capital analyst Josh Wolfson maintained a Hold rating on Newmont Mining (NEMResearch Report) yesterday and set a price target of $60.00. The company’s shares closed last Monday at $77.85.

According to TipRanks.com, Wolfson is a 3-star analyst with an average return of 2.6% and a 58.5% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Wheaton Precious Metals, Osisko Gold Royalties, and Anglogold Ashanti.

The word on The Street in general, suggests a Hold analyst consensus rating for Newmont Mining with a $68.43 average price target, representing a -8.0% downside. In a report issued on March 2, Jefferies also maintained a Hold rating on the stock with a $67.00 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 7.65M.

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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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