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Fly News Breaks for September 9, 2019
NEM
Sep 9, 2019 | 05:48 EDT
RBC Capital analyst Stephen Walker upgraded Newmont Goldcorp to Sector Perform from Underperform with a price target of $45. With weaker than expected guidance for the Goldcorp assets now likely priced into shares, the market should begin to discount the successful integration of the core Goldcorp assets and synergies from the Nevada joint venture, Walker tells investors in a research note. He expects these assets and Newmont's existing operating mines to contribute "significant" near-term free cash flow.