RBC Capital Keeps a Hold Rating on Newmont Corporation (NEM)

Newmont Corporation (NYSE:NEM) is one of the 11 Cheap Gold Stocks to Buy According to Hedge Funds. In a report released on June 9, Josh Wolfson from RBC Capital maintained a Hold rating on Newmont Corporation (NYSE:NEM) with a price target of $66.00.

In other news, the company announced a definitive agreement on June 13, detailing that Inflection Resources is set to acquire a 100% interest in a portfolio of Australian copper-gold exploration projects in New South Wales and the Northern Territory from subsidiaries of Newmont Corporation (NYSE:NEM).

Newmont Corporation (NYSE:NEM) explores and acquires gold properties containing silver, copper, lead, zinc, or other metals. Its operations are divided into the following geographical segments: Canada, Mexico, Suriname, Argentina, Peru, Australia, Papua New Guinea, Ghana, and US.

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