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Newmont Mining Corporation (holding Company) (NEM) [hlAlert]

Rating:
Buy NEM
down 59.46 %

Newmont Mining Corporation (holding Company) (NEM) rated Buy with price target $52 by Jefferies & Co

Posted on: Friday,  Aug 28, 2009  8:25 AM ET by Jefferies & Co

Jefferies & Co rated Buy Newmont Mining Corporation (holding Company) (NYSE: NEM) on 08/28/2009, when the stock price was $41.20.
Since then, Newmont Mining Corporation (holding Company) has lost 59.47% as of 01/27/2016's recent price of $16.70.
If you would have followed this Jefferies & Co's recommendation on NEM, you would have lost 59.46% of your investment in 2343 days.

Newmont Mining Corp. is engaged in the production of gold, the exploration for gold and the acquisition and development of gold properties worldwide. The company produces gold from mines in Nevada and California, and, outside of the United States, from operations in Peru, Indonesia, Mexico and Uzbekistan.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/28/2009 8:25 AM Buy
None
41.20 52.00
as of 12/31/2009
1 Week up  16.38 %
1 Month up  4.10 %
3 Months up  26.85 %
1 YTD up  35.53 %

(*) Stock Price at the time of the recommendation.
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