UPDATE: Citigroup Reiterates Neutral Rating, Lowers PT on Newmont Mining Corp. on Lowered Estimates
Posted on February 13, 2013 at 13:16 PM EST
In a report published Wednesday, Citigroup reiterated its Neutral rating on Newmont Mining Corp. (NYSE: NEM ), but slightly lowered its price target from $50.00 to $49.00. Citigroup noted, “Incorporating actual 4Q12 gold prices and our revised forecast for 2013 brings our estimate down to $3.90 from $4.14. Newmont already