Raymond James analyst Brian MacArthur lowered the firm’s price target on Newmont (NEM) to $58 from $59 and keeps an Outperform rating on the shares after the company agreed to sell its Porcupine operation in Ontario, Canada to Discovery Silver.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NEM:
- Newmont to sell Porcupine operation in Ontario for up to $425M
- Newmont price target lowered to $50 from $52 at Scotiabank
- Etsy upgraded, Pinterest downgraded: Wall Street’s top analyst calls
- Newmont initiated with a Buy at Goldman Sachs
- Newmont Mining call volume above normal and directionally bullish