Shares of Newmont Corporation (NYSE:NEM) traded today at $79.95, eclipsing its 12-month high. So far today approximately 3.8 million shares have been exchanged, as compared to an average 30-day volume of 8.7 million shares.
Newmont Corporation is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company’s operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.
Newmont Corporation is currently priced 7.0% above its average consensus analyst price target of $74.24.
Over the past year, Newmont Corporation has traded in a range of $52.60 to $79.95 and is now at $79.86, 52% above that low.
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