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Fly News Breaks for December 5, 2016
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Dec 5, 2016 | 05:57 EDT
Citi analyst Alexander Hacking downgraded Newmont Mining to Neutral saying a share rally is unlikely if gold prices continue to stay low. The downgrade follows Citi's global commodity team lowering their gold and silver price forecasts based on a strong U.S. dollar outlook and the back-up in bond yields. Hacking cut his price target for Newmont shares to $34 from $44.
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