Newmont Mining Corp (NYSE:NEM) has earned a “BBB” credit rating from analysts at Morningstar. The investment research firm’s “BBB” rating indicates that the company is a moderate default risk. They also gave their stock a four star rating.

Shares of Newmont Mining Corp (NYSE:NEM) opened at 19.96 on Friday. Newmont Mining Corp has a 52 week low of $15.39 and a 52 week high of $27.90. The firm has a market cap of $10.56 billion and a PE ratio of 20.73. The stock’s 50 day moving average is $18.01 and its 200-day moving average is $17.84.

NEM has been the subject of several other reports. CIBC increased their price target on shares of Newmont Mining Corp to $24.90 in a research report on Thursday, October 8th. Zacks Investment Research lowered shares of Newmont Mining Corp from a “buy” rating to a “hold” rating in a research report on Wednesday, November 4th. Jefferies Group raised shares of Newmont Mining Corp from a “hold” rating to a “buy” rating and increased their price target for the company from $17.01 to $24.00 in a research report on Tuesday, January 12th. FBR & Co. increased their price target on shares of Newmont Mining Corp from $19.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, December 7th. Finally, Vetr raised shares of Newmont Mining Corp from a “buy” rating to a “strong-buy” rating and set a $21.64 price target for the company in a research report on Monday, December 14th. Eight equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $23.37.

Newmont Mining Corporation (NYSE:NEM) is a global mining company, which is focused on the production of and exploration for gold and copper. The Company is primarily a gold producer with operations and/or assets in the United States, Australia, Peru, Indonesia, Ghana, New Zealand and Suriname. The Company’s business segments include North America, South America, Asia Pacific and Africa. The Company’s North America segment consists primarily of Carlin, Phoenix, CC&V and Twin Creeks in the state of Nevada in the United States. The Company’s South America segment consists primarily of Yanacocha in Peru. The Company’s Asia Pacific segment consists primarily of Boddington, Tanami and Kalgoorlie in Australia, and Batu Hijau in Indonesia. The Company’s Africa segment consists primarily of Ahafo and Akyem in Ghana. The Company’s product at its gold operations is dore bars. Dore is an alloy consisting primarily of gold, as well as silver and other metals.

12 Month Chart for NYSE:NEM

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