Newmont to sell Ghana gold project to Zijin Mining in $1B deal (NYSE:NEM)
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Newmont's Asset Sale: Newmont has agreed to sell its Akyem gold mine project in Ghana to Zijin Mining for up to $1 billion in cash.
Strategic Divestment: This transaction is part of Newmont's strategy to divest non-core assets.
Analyst Views on CA
Wall Street analysts forecast CA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 25.020
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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.
