New Buy Rating for Newmont Mining (NEM), the Energy Giant

Deutsche Bank analyst Chris Terry reiterated a Buy rating on Newmont Mining (NEMResearch Report) today and set a price target of $46.00. The company’s shares closed last Monday at $38.74.

According to TipRanks.com, Terry is a 1-star analyst with an average return of -2.0% and a 47.7% success rate. Terry covers the Basic Materials sector, focusing on stocks such as Peabody Energy Comm, Reliance Steel, and Nucor.

Newmont Mining has an analyst consensus of Moderate Buy, with a price target consensus of $45.99, implying a 20.1% upside from current levels. In a report issued on November 18, National Bank also maintained a Buy rating on the stock with a C$61.00 price target.

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The company has a one-year high of $41.23 and a one-year low of $29.77. Currently, Newmont Mining has an average volume of 6.08M.

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Newmont Goldcorp Corp. is a gold producer, which engages in the production of gold. It operates through the following geographical segments: North America, South America, Australia, and Africa.