Newmont (NYSE:NEM) Downgraded by Stifel Nicolaus

Newmont Mining (NYSE:NEM) was downgraded from “Buy” to “Hold” by Stifel Nicolaus, as concerns over the lower production at the Boddington mine in Australia by analyst Heather Douglas was the reason for the downgrade. Valuations seem to be too high after the approximate 30 percent increase in share price this year, and with Boddington not producing at levels it was expected to, expectations are

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