Newmont Mining Reaches Analyst Target Price
July 25, 2016 at 07:41 AM EDT
In recent trading, shares of Newmont Mining Corp (NEM) have crossed above the average analyst 12-month target price of $41.02, changing hands for $41.27/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..