RBC Capital Remains a Hold on Newmont Mining (NEM)

RBC Capital analyst Josh Wolfson maintained a Hold rating on Newmont Mining (NEMResearch Report) on December 5 and set a price target of $60.00. The company’s shares closed yesterday at $47.19.

According to TipRanks, Wolfson is a 2-star analyst with an average return of 0.0% and a 53.21% success rate. Wolfson covers the Basic Materials sector, focusing on stocks such as Newmont Mining, Barrick Gold, and Wheaton Precious Metals.

Currently, the analyst consensus on Newmont Mining is a Moderate Buy with an average price target of $54.56, representing a 15.62% upside. In a report released on November 21, Barclays also maintained a Hold rating on the stock with a $54.00 price target.

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NEM market cap is currently $37.4B and has a P/E ratio of 37.36.

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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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