Wednesday, April 27, 2016

Oh Yeah, I Remember Commodity Stocks

Newmont Mining Corp upgraded as asset deals loom

Newmont Mining Corp. was upgraded to outperform from sector perform at RBC Capital Markets due to its strong free cash flow outlook and the potential sale of its Batu Hijau project in Indonesia. Analyst Stephen D. Walker, who raised his price target on the stock to US$40 from US$34, noted that while Newmont trades at a…