Jefferies lowered the firm’s price target on Newmont to $38 from $44 and keeps a Hold rating on the shares. The firm updated its models for actual Q3 commodity prices and made changes to operational assumptions for some companies based on recent developments in a recap for the global metals and mining group.
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Read More on NEM:
- Newmont announces executive leadership appointments
- Newmont announces ISS, Glass Lewis recommendation for Newcrest acquisition
- Newmont Mining call volume above normal and directionally bullish
- Newmont receives clearance from Australia FIRB for Newcrest acquisition
- Newmont price target lowered to $61 from $62 at Raymond James