UBS Downgrades Newmont Mining to “Neutral” (NEM)
UBS reported on Friday that it has downgraded gold producer, Newmont Mining Corp (NEM).
The firm has lowered its rating on NEM from “Buy” to “Neutral.” This downgraded comes after the company was downgraded by Cowen & Co. on Thursday.
Newmont Mining shares were up 25 cents, or 0.84% during Friday morning trading. The stock is down -36% YTD.
The Bottom Line
Shares of Newmont Mining Corp (NEM) have a 4.69% yield, based on Friday morning’s price of $29.82.
Newmont Mining Corp (NEM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.1 out of 5 stars.
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