UBS Downgrades Newmont Mining to "Neutral" (NEM)

UBS Downgrades Newmont Mining to “Neutral” (NEM)

RSS

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.

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

Free Updates

Join over 100,000 investors who get the latest news from Dividend.com.

Best Dividend Stocks

Looking for stocks that are poised for growth and pay solid dividends? Visit our list of the:

Best Dividend Stocks

Partner Center

Best CD Rates

Sitting on some extra cash and looking for the most current and profitable CD Rates?

Get The Best CD Rates

14 Day Free Trial

Earn more from your dividend portfolio within the next 14 days.

Sign Up Today