Newmont Mining weakness after results overdone, says Sterne Agee Sterne Agee believes that the decline in Newmont's stock following its Q4 results was overdone. The firm notes that the company's free cash flow is expected to be positive for the next two quarters, and it thinks the stock underestimates where gold may trade. Sterne expects the company's valuation to regain support going forward, and it keeps a Buy rating on the shares.
Newmont Mining backs FY15 outlook for 4.6M-4.9M attributable oz. gold Newmont is maintaining its FY15 outlook between 4.6-4.9M attributable ounces of gold, at CAS between $660-$710 per ounce and AISC between $960-$1,020 per ounce.