Newmont Mining (NEM) PT Raised to $24 at Credit Suisse

Credit Suisse analyst A. Soni lifted its price target on Neutral-rated Newmont Mining Corp. (NYSE: NEM) to $24.00 (from $21.00) on a higher NAV est. and higher target multiples following NEM's strong 2014 and improved visibility for the 2015-2017 outlook and project pipeline.

The firm noted NAV Increased to US$16.53/sh from US$12.95/sh.

EPS estimates increased in 2015 & 2017 to $1.31 & $1.28 from $1.08 & $0.85, reduced in 2016 to $1.16 (from $1.19).

For an analyst ratings summary and ratings history on Newmont Mining Corp. click here. For more ratings news on Newmont Mining Corp. click here.

Shares of Newmont Mining Corp. closed at $22.24 yesterday.

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