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.
Monday, April 25, 2011
Newmont's (NEM) Price Target Lowered and Raised
Labels:
CIBC World Markets,
Newmont Mining Corp,
RBC Capital
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