Newmont Mining Corp Now Covered by FBR & Co. (NEM)

Newmont Mining Corp is considered to be the second largest miner in Indonesia and had agreed to develop mineral processing facilities in the country, so as to end any further tax disputes. The firm’s “BBB” rating indicates that the company is a moderate default risk. The California-based fund Knightsbridge Asset Management Llc is also positive about the stock, possessing 1.07M shares or 4.1% of their long stock exposure. HSBC reduced their price objective on shares of Newmont Mining Corp from $25.00 to $18.50 and set a buy rating for the company in a research report on Tuesday, September 8th. CIBC began coverage on Newmont Mining Corp in a research report on Friday, July 24th. 16 Wall Street analysts have given the company an average rating of 2.5.

Separately, TheStreet Ratings team rates NEWMONT MINING CORP as a Hold with a ratings score of C-.

Past year Newmont Mining Corp (NYSE:NEM) were barred from exporting copper and gold concentrate from its operations in Indonesia for a full nine months. The firm set a “market perform” rating and a $16.00 price target on the mining company’s stock. Finally, JPMorgan Chase & Co. raised their price target on Newmont Mining Corp from $29.00 to $29.50 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. The brokerage now has a buy rating on the biopharmaceutical company’s stock. The company now has an average rating of “Buy” and a consensus target price of $24.46.

“We rate NEWMONT MINING CORP (NEM) a HOLD”. Newmont Mining Corp has a 12-month low of $15.39 and a 12-month high of $27.90. The firm has a 50-day moving average of $16.70 and a 200-day moving average of $21.73. Its market capitalization has now reached $8.25 Billion.

The company is expected to announce next quarter earnings on November 04, at consensus estimate of $0.08. This corresponds to a decrease of $0.09 compared to the same quarter of the previous fiscal year. The company’s revenue was up 8.1% on a year-over-year basis. Kinross is also exploring additional opportunities to reduce overhead costs as part of a company-wide spending review, the results of which will be declared in the third quarter of 2015. Stockholders of record on Thursday, September 10th will be issued a $0.025 dividend. The ex-dividend date was Thursday, August 27th. (NASDAQ:CROX) shares moved up 2.64% and was closed at $15.17.

Barrick Gold Corporation (USA) (NYSE:ABX) stands at the average volume of 22.52 million with the total number of shares traded on the last trading day was 484.00.

Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. The Business has 14 producing gold mines, located in America, Canada, Peru, Argentina, Australia, the Dominican Republic and Papua New Guinea. The Americas segment consists of product sales in the North and South America geographic regions.

NVIDIA Corporation operates as a visual computing company in the United States, Taiwan, China, the rest of Asia Pacific, Europe, and other Americas.

Newmont’s giant Conga project in Peru continues to work on social acceptance measures after development was halted amid protests, he said, adding that the project remains viable even at today’s metal prices. Its Australia/New Zealand section consists of Boddington in Australia and other smaller operations in Australia and New Zealand.