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Analysts Alert: Newmont Mining Corp (NYSE:NEM), Target Corporation (NYSE:TGT), Macy’s, Inc. (NYSE:M)

NEWMONTNewmont Mining Corp (NYSE:NEM) shares of the company traded -1.23% below secure line in order to take the company at the point of its closing price at $33.72 after opening the session at the price of $9.89. The company has total market capitalization of $18.00 billion.


It may be helpful to follow analyst views on company stock. Covering analysts issue reports which often provide stock target prices. Taking a peek at where the stock might be headed in the future, the sell-side analysts has 52 week price target of $35.35 on the stock. The most hostile analyst sees the stock reaching $41.50 while the most conventional has a $26.00 target price. This consensus target price comprises 17 projections from analysts polled by First Call.

More essentially investors want to know where the stock is regulated from here. In order to get a sense of Wall Street sentiment, we can look to brokerage analyst estimates.

In terms of Buy, Sell or Hold recommendations, Newmont Mining Corp (NYSE:NEM) has an average broker rating of 2.31. This is according to a simplified 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.

There are currently 13 recommendations in total that have been tracked in order to arrive at this number. Of those, 4 have given the shares a Strong Buy while 1 are recommending a Modest Buy, 8 have given the stock a Hold rating, 0 a Modest Sell and 0 a Strong Sell.

This is the average number based on the total brokerage firms taken into consideration by Zack Investment Research.

Newmont Mining Corp (NYSE:NEM) on May 2, 2016 marked its 95th anniversary since its official incorporation on May 2, 1921.
Most recently, Newmont has delivered its strategy to lead the gold sector in value creation by:

• Making operations safer and more efficient – Newmont has reduced its all-in sustaining costs by 24 percent, or double the competitive average, and halved its injury rates to among the lowest in the mining sector over the last three years

• Strengthening the balance sheet – Newmont has generated $1.9 billion in non-core asset sales and paid off $1.7 billion in debt since 2013, resulting in a superior credit rating and a net debt to EBITDA ratio of roughly 1.2, among the lowest in the gold sector

• Investing in profitable growth – Newmont acquired Cripple Creek & Victor and delivered five million ounces of gold reserves through exploration in 2015; delivered new, profitable gold production at Akyem in Ghana; and is building new mines at Merian, Long Canyon and expansions in the US and Australia

• Improving environmental, social and governance practices – Newmont was named the mining industry’s sustainability leader by the Dow Jones Sustainability World Index in 2015. The Company has also improved female and national representation in its leadership ranks, and maintained long-standing shareholder support for its governance and compensation systems

Target Corporation (NYSE:TGT) shares of the company traded 2.30% above secure line in order to take the company at the point of its closing price at $68.60. The company has experienced volume of 9.33 million and traded in the price range of $65.50 – $85.81 for the previous trading session.

On a consensus basis, the sell-side has 52 week price target of $78.12 on the stock. The most hostile analyst sees the stock reaching $95.00 while the most conventional has a $65.00 target price based on 22 opinions.

In terms of Buy, Sell or Hold recommendations, Target Corporation (NYSE:TGT) has an average broker rating of 2.25. There are currently 17 recommendations in total that have been tracked in order to arrive at this number. Of those, 8 have given the shares a Strong Buy while 0 are recommending a Modest Buy, 7 have given the stock a Hold rating, 0 a Modest Sell and 2 a Strong Sell.

Target Corporation (NYSE:TGT) operates as a general merchandise retailer. It offers household essentials, including pharmacy, beauty, personal care, baby care, cleaning, and paper products; music, movies, books, computer software, sporting goods, and toys, as well as electronics, such as video game hardware and software; and apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as intimate apparel, jewelry, accessories, and shoes. The company also provides food and pet supplies comprising dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, produce, and pet supplies; and home furnishings and décor, including furniture, lighting, kitchenware, small appliances, home décor, bed and bath, home improvement, and automotive products, as well as seasonal merchandise, such as patio furniture and holiday décor. In addition, it offers in-store amenities, including Target Café, Target Photo, Target Optical, Portrait Studio, Starbucks, and other food service offerings. Target Corporation sells products through its stores; and digital channels, including Target.com. As of January 30, 2016, the company operated 1,792 stores in the United States. Target Corporation was founded in 1902 and is headquartered in Minneapolis, Minnesota.

Macy’s, Inc. (NYSE:M) shares inclined 1.39% to close at the price of $31.30. In the recent trading session the stock reached as high as $31.31 and dipped down to $30.50. A total of 9.07 million shares exchanged hands, during intra-day trade.

On a consensus basis, the sell-side has 52 week price target of $38.64 on the stock. The most hostile analyst sees the stock reaching $51.00 while the most conventional has a $30.00 target price according to 22 projections from analysts polled by First Call.

In terms of Buy, Sell or Hold recommendations, Macy’s, Inc. (NYSE:M) has an average broker rating of 3.00. There are currently 3.00 recommendations in total that have been tracked in order to arrive at this number. Of those, 1 have given the shares a Strong Buy while 0 are recommending a Modest Buy, 12 have given the stock a Hold rating, 0 a Modest Sell and 1 a Strong Sell.

Macy’s, Inc. (NYSE:M) and Emmy-award winning TV/radio host and producer Ryan Seacrest are collaborating in celebration of the 2016 Summer Olympic Games in Rio de Janeiro with an exclusive new fashion collection inspired by the sights and sounds of the Brazilian destination: Ryan Seacrest Distinction Rio. The 13-piece assortment features a mixture of sportswear clothing and accessories that express a stylishly casual, easy vibe. Ryan Seacrest will be traveling to Rio to host late night coverage of the Games, and the men’s sportswear capsule collection represents all the essentials needed for a summer stay in the Brazilian city, with lifestyle pieces that effortlessly take you from a day on the beach to a night on the town.

Shimmering beaches, warm-hued sunsets, and the blue water of the sea all influenced the color palette and breezy aesthetic of the Rio collection. Linen and poplin shirts, micropique polos, and chambray shorts are breathable and offer ways to beat the heat and humidity without sacrificing style. A color-blocked baseball windbreaker and pique knitted blazer for relaxed layering, crushable fedora, canvas espadrille, and casual duffle bag channel the chic and carefree jetsetter lifestyle.


Source: http://classfmonline.com/1.9214011


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Reporting Oil and Gas project was launched on 4th June 2009atTakoradi, Western Region, Ghana by Penplusbytes (PPB – www.penplusbytes.org) with the vision of providing a one stop online information and knowledge about Ghana’s oil and gas sector
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