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Fly News Breaks for December 3, 2019
NEM
Dec 3, 2019 | 08:17 EDT
TD Securities analyst Greg Barnes downgraded Newmont Goldcorp to Buy from Action List Buy with a price target of $48, down from $51, stating that his lowered price target reflects the company's updated guidance. Although the annual production outlook is lower and cash costs a bit higher, production from the ex-Goldcorp assets is largely as expected and the company's free cash flow generation "looks attractive," Barnes tells investors.