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NEM

Newmont Goldcorp

$38.66

-0.66 (-1.68%)

05:48
09/09/19
09/09
05:48
09/09/19
05:48

Newmont Goldcorp upgraded to Sector Perform from Underperform at RBC Capital

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.

  • 11

    Sep

NEM Newmont Goldcorp
$38.66

-0.66 (-1.68%)

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.
07/03/19
BMOC
07/03/19
DOWNGRADE
Target $45
BMOC
Market Perform
Newmont Goldcorp resumed with a Market Perform from Outperform at BMO Capital
BMO Capital analyst Andrew Kaip downgraded Newmont Goldcorp to Market Perform from Outperform after resuming coverage of the name. He raised his price target for the shares to $45 from $42. While both the acquisition of Goldcorp and the formation of the Nevada joint venture have been accretive events, near-term investor uncertainty regarding the Goldcorp transaction, compounded by recent events at Musselwhite and Penasquito, are likely to "temper investor interest" until Newmont Goldcorp is able to demonstrate value, Kaip tells investors in a research note. As such, the analyst remains cautious until Newmont "demonstrates progress."
07/03/19
BMOC
07/03/19
UPGRADE
Target $20
BMOC
Outperform
Barrick Gold resumed with an Outperform from Market Perform at BMO Capital
BMO Capital analyst Andrew Kaip upgraded Barrick Gold (GOLD) to Outperform from Market Perform and raised his price target for the shares to $20 from $14.50 after resuming coverage of the name. The formation of the Nevada joint venture is a positive for Barrick as the synergies derived from consolidating the Nevada operations with Newmont Goldcorp (NEM) "unlock value," Kaip tells investors in a research note. The analyst this morning also downgraded Newmont Goldcorp to Market Perform from Outperform. He's confident the near-term benefits of the venture outweigh the risks for Barrick.
08/15/19
SBSH
08/15/19
NO CHANGE
SBSH
Buy
Newmont underperformance relative to peers overdone, says Citi
Newmont Goldcorp shares has underperformed the gold group by 20%-30% since the Goldcorp (GG) deal was announced, Citi analyst Alexander Hacking tells investors in a research note. This seems "highly punitive," says the analyst, who views the underperformance as overdone. His "back-of-envelope" analysis implies a market value of the Goldcorp assets of $6B with gold at $1,530 or ounce versus the $10B that Newmont paid with gold at $1,280 per ounce. Hacking reiterates a Buy rating on Newmont shares.

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SNY

Sanofi

$45.72

0.83 (1.85%)

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TSLA

Tesla

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SNY

Sanofi

$45.61

0.72 (1.60%)

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CRZBY

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RHHBY

Roche

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PBR

Petrobras

$14.44

-0.09 (-0.62%)

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ROKU

Roku

$116.20

-17.51 (-13.10%)

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RYAAY

Ryanair

$62.91

0.43 (0.69%)

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MDR

McDermott

$2.74

1.16 (73.42%)

11:35
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  • 23

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VAL

Valaris

$6.76

-0.01 (-0.15%)

11:35
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Valaris Plc put volume heavy and directionally bearish »

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11:35
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General news
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ADBE

Adobe

$278.77

-2.44 (-0.87%)

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TELL

Tellurian

$8.75

0.165 (1.92%)

11:25
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ACHV

Achieve Life Sciences

$2.21

0.095 (4.49%)

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FB

Facebook

$191.40

1.25 (0.66%)

, SNAP

Snap

$16.91

0.04 (0.24%)

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Facebook

$191.40

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Snap

$16.91

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TWTR

Twitter

$43.65

0.71 (1.65%)

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FARM

Farmer Bros.

$14.63

-0.09 (-0.61%)

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NVO

Novo Nordisk

$52.87

0.99 (1.91%)

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

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$NYE

NYSE Market Internals

$0.00

(0.00%)

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CMCSA

Comcast

$46.49

-0.19 (-0.41%)

, CMCSK

Comcast

$0.00

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CMCSA

Comcast

$46.49

-0.19 (-0.41%)

CMCSK

Comcast

$0.00

(0.00%)

LGF.A

Lionsgate

$9.78

-0.18 (-1.81%)

LGF.B

Lionsgate

$9.16

-0.155 (-1.66%)

DIS

Disney

$132.24

-1.08 (-0.81%)

CBS

CBS

$42.45

0.065 (0.15%)

T

AT&T

$37.45

0.305 (0.82%)

SNE

Sony

$59.41

0.03 (0.05%)

VIA

Viacom

$27.40

-0.12 (-0.44%)

VIAB

Viacom

$25.29

0.09 (0.36%)

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SEKEY

Seiko Epson

$0.00

(0.00%)

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RICOY

Ricoh

$0.00

(0.00%)

11:07
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Downgrade
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AVYA

Avaya

$10.32

0.03 (0.29%)

11:05
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Avaya Holdings call volume above normal and directionally bullish »

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