Newmont Trading Volume Slides to 274th Despite Analysts Reaffirming Buy Ratings

Newmont (NEM) closed August 14 with a 0.12% decline, trading at A$105.92. Daily trading volume fell to 526K shares, ranking 274th among stocks by volume. The company’s one-year price range remains between A$58.92 and A$107.22.

J.P. Morgan analyst Al Harvey reiterated a "Buy" rating for Newmont, setting a price target of A$113.00. Harvey, a 4-star analyst with a 60.93% success rate, focuses on the Basic Materials sector, including peers like Evolution Mining. The analyst consensus maintains a "Strong Buy" recommendation, with an average price target of A$110.23, indicating potential upside from current levels.

A separate report on August 6 reaffirmed a "Buy" stance, projecting a higher price target of A$116.00. The stock’s recent performance aligns with broader sector trends, though reduced trading volume suggests limited short-term investor activity.

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