CLSA Initiates Coverage of Newmont Corporation - Depositary Receipt () (NEMCL) with Underperform Recommendation
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 30 2024
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Source: NASDAQ.COM
CLSA Coverage Initiation: CLSA has initiated coverage of Newmont Corporation with an "Underperform" recommendation, while the average one-year price target for the company is projected to be $49.73/share, indicating a potential upside of 20.19% from its current price.
Institutional Ownership Changes: There has been a decrease in institutional ownership of Newmont Corporation by 12.07% over the last quarter, with notable changes in holdings among various funds, including significant reductions by some while others increased their allocations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
