Zeev's Turnips Patch-No Politics (ZEEV)

[basserdan]

Did purdential comment on Gold?
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Tony,
Re your question......
Just came across this blurb.
Prolly a typo but Pru analyst Tumazos has a target price that is $12 below the current one. <VBG>


Newmont Mining "underweight," target price reduced

Tuesday, March 30, 2004 1:29:38 PM ET
Prudential Financial

NEW YORK, March 30 (New Ratings) Analyst John C Tumazos of Prudential Financial maintains his underweight rating on Newmont Mining (NEM). The target price has been reduced from $37 to $35.

In a research note published this morning, the analyst mentions that gold prices are likely to decline this year. Prudential Financial expects the reduced gold prices to adversely impact Newmont Minings near-term earnings growth potential. The EPS estimates for 2004 and 2005 have been reduced from $1.57 to $1.31 and from $1.53 to $1.27, respectively.

2004 New Ratings

Newmont Mining / all articles

http://www.thebulliondesk.com/NewsProvider.aspx?NewsID=7761411