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NEM

Newmont Goldcorp

$38.07

-0.19 (-0.50%)

04:55
06/28/19
06/28
04:55
06/28/19
04:55

Newmont Mining management to meet with CIBC

Meetings to be held in Toronto, Canada on June 25 in Montreal, Canada on June 26 in New York, NY on June 27 in Baltimore, MD on June 28 hosted by CIBC.

  • 28

    Jun

  • 25

    Jul

NEM Newmont Goldcorp
$38.07

-0.19 (-0.50%)

04/09/19
LEHM
04/09/19
NO CHANGE
LEHM
Barclays still positive on Metals and Mining, downgrades three on valuation
Barclays analyst Matthew Murphy remains positive on shares in the North America Metals and Mining space. The potential for higher recession probabilities could still drive demand for "safe assets," Murphy tells investors in a research note. Further, copper should benefit from a sequential acceleration in China during Q2, says the analyst. He sees several names with "significant upside" and "catalyst potential" including Teck Resources (TECK), Barrick Gold (GOLD), and Newmont Mining (NEM) and Goldcorp (GG). To reflect valuation, Murphy upgraded OceanaGold (OCANF) to Overweight from Equal Weight and downgraded to Equal Weight from Overweight shares of Agnico Eagle (AEM), Franco-Nevada (FNV) and Wheaton Precious Metals (WPM).
04/22/19
TDSI
04/22/19
UPGRADE
TDSI
Action List Buy
Newmont Mining upgraded to Action List Buy at TD Securities
TD Securities analyst Greg Barnes upgraded Newmont Mining to Action List Buy from Hold with a $46 price target.
05/23/19
SBSH
05/23/19
UPGRADE
SBSH
Buy
Newmont Mining upgraded to Buy from Neutral at Citi
05/23/19
SBSH
05/23/19
NO CHANGE
Target $12.5
SBSH
Neutral
Citi upgrades Newmont, downgrades Barrick on resumption of coverage
Citi analyst Alexander Hacking resumed coverage of Barrick Gold and downgraded the shares to Neutral from Buy while lowering his price target to $12.50 from $14. He also resumed coverage of Newmont Mining (NEM) and upgraded the shares to Buy from Neutral while raising his price target for the shares to $40 from $36. The gold sector remains challenged, but Newmont offers better value than Barrick, Hacking tells investors in a research note. After applying Barrick's 1.2 times multiple to Newmont's holdings in the joint venture assets, the analyst sees Newmont's other assets trading at only 0.76 times net asset value. This could be re-rated higher as the market starts to incorporate the joint venture into models, says Hacking.

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