Raymond James analyst Brian MacArthur lowered the firm’s price target on Newmont (NEM) to $58 from $59 and keeps an Outperform rating on the shares after the company agreed to sell its Porcupine operation in Ontario, Canada to Discovery Silver.
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Read More on NEM:
- Newmont to sell Porcupine operation in Ontario for up to $425M
- Newmont price target lowered to $50 from $52 at Scotiabank
- Etsy upgraded, Pinterest downgraded: Wall Street’s top analyst calls
- Newmont initiated with a Buy at Goldman Sachs
- Newmont Mining call volume above normal and directionally bullish
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