Newmont Mining (NEM) Gets a Hold Rating from B.Riley FBR

B.Riley FBR analyst Adam Graf assigned a Hold rating to Newmont Mining (NEMResearch Report) yesterday and set a price target of $41.10. The company’s shares closed last Monday at $38.74.

According to TipRanks.com, Graf is a 1-star analyst with an average return of -0.7% and a 37.0% success rate. Graf covers the Basic Materials sector, focusing on stocks such as Gold Standard Ventures, First Majestic Silver, and Hecla Mining Company.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Newmont Mining with a $46.22 average price target, a 20.7% upside from current levels. In a report released yesterday, CIBC also maintained a Hold rating on the stock with a $49.00 price target.

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Newmont Mining’s market cap is currently $31.76B and has a P/E ratio of 13.92. The company has a Price to Book ratio of 1.48.

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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.