Scotiabank analyst Tanya Jakusconek maintained a Hold rating on Newmont Mining (NEM – Research Report) today and set a price target of $43.50. The company’s shares closed yesterday at $29.86.
According to TipRanks, Jakusconek is an analyst with an average return of -10.4% and a 27.17% success rate. Jakusconek covers the Basic Materials sector, focusing on stocks such as Compania de Minas Buenaventura SAA, Eldorado Gold, and IAMGOLD.
In addition to Scotiabank, Newmont Mining also received a Hold from Argus Research’s John Eade in a report issued on February 26. However, on the same day, National Bank maintained a Buy rating on Newmont Mining (NYSE: NEM).
See today’s best-performing stocks on TipRanks >>
NEM market cap is currently $36.05B and has a P/E ratio of -12.64.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on NEM:
