Jefferies Starts Newmont Mining Corp. (NEM) at Hold
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Price: $131.58 +3.09%
Rating Summary:
20 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
20 Buy, 10 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Jefferies initiates coverage on Newmont Mining Corp. (NYSE: NEM) with a Hold. PT $64.
The firm notes "While NEM's multiple has compressed, we believe a much lower multiple is appropriate given NEM's high risk, higher costs, and short reserve life."
For more ratings news on Newmont Mining Corp. click here and for the rating history of Newmont Mining Corp. click here.
Shares of Newmont Mining Corp. closed at $64.47 yesterday.
The firm notes "While NEM's multiple has compressed, we believe a much lower multiple is appropriate given NEM's high risk, higher costs, and short reserve life."
For more ratings news on Newmont Mining Corp. click here and for the rating history of Newmont Mining Corp. click here.
Shares of Newmont Mining Corp. closed at $64.47 yesterday.
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