Newmont's (NEM) Price Target Lowered and Raised

Analysts took their ratings on Newmont Mining (NYSE:NEM) in different directions today, as CIBC cut its price target on the firm to $73 from $80.

On the other hand, RBC Capital analysts boosted their price target on Newmont Mining Co. (NEM) from $62.00 to $67.00. They now have an “Underperform” rating on the stock.

Newmont Mining, which recently recorded a record cash flow of just under $1 billion, was trading at $58.26, falling $0.97, or 1.64 percent, as of 1:45 PM EDT.