RBC Capital analyst Josh Wolfson maintained a Hold rating on Newmont Mining (NEM – Research Report) on March 28 and set a price target of $40.00. The company’s shares closed last Thursday at $35.84.
Wolfson covers the Basic Materials sector, focusing on stocks such as Franco-Nevada, Royal Gold, and Osisko Gold Royalties. According to TipRanks, Wolfson has an average return of 3.4% and a 60.34% success rate on recommended stocks.
Currently, the analyst consensus on Newmont Mining is a Moderate Buy with an average price target of $43.24.
The company has a one-year high of $50.79 and a one-year low of $29.19. Currently, Newmont Mining has an average volume of 13.39M.
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Newmont Mining (NEM) Company Description:
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.
