CIBC analyst Anita Soni lowered the firm’s price target on Newmont to $44 from $48 and keeps a Neutral rating on the shares. The analyst reduced the target after modelling in transaction costs related to the Nevada Gold Mines acquisition and updating costs related to the Penasquito strike resolution agreement.
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Read More on NEM:
- Unusually active option classes on open October 17th
- Newmont (NYSE:NEM) Resolves Strike at Mexico Mine
- Newmont announces end of strike at Penasquito Mine in Mexico
- Newcrest Investors Approve the Biggest Mining Deal Ever with Newmont (NYSE:NEM)
- Newmont shareholders approve Newcrest acquisition
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