FinancialContent is the trusted provider of stock market information to the media industry.
July 15, 2013 at 13:38 PM EDT
Newmont Mining Downgraded at BMO Capital (NEM)

On Monday gold producer Newmont Mining Corp (NEM) was downgraded to “Market Perform” at BMO Capital.

The firm has lowered its rating on NEM from an “Outperform” to a “Market Perform,” and has given the company a $35 price target. This price target suggests a 22% upside from the stock’s current price of $27.45.

The company has been downgraded, as it will likely be hurt by weak gold prices.

Newmont Mining shares were mostly flat during Monday morning trading. The stock is down 41% YTD.

The Bottom Line
Shares of Newmont Mining Corp (NEM) have a 5.09% yield, based on Monday morning’s price of $27.48.

Newmont Mining Corp (NEM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

Stock Market XML and JSON Data API provided by FinancialContent Services, Inc.
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
Press Release Service provided by PRConnect.
Stock quotes supplied by Six Financial
Postage Rates Bots go here
   
Financial Widgets

Display market data, financial news or stock quotes - Learn More

Advertising Network

Advertise on FinancialContent's huge network - Learn More

Web Services

Power your internet and wireless applications - Learn More