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Fly News Breaks for January 12, 2016
NEM
Jan 12, 2016 | 05:56 EDT
Jefferies analyst Christopher LaFemina upgraded Newmont Mining to Buy citing the company's improving free cash flow, "solid" balance sheet and "strong" operational performance. Gold has become his firm's preferred commodity on a risk-adjusted basis for 2016, the analyst notes. He raised his price target for the shares to $24.