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Actionable news in NEM: NEWMONT MINING Corp,

Newmont Mining (NEM) Stock Climbs on Ratings Upgrade

NEW YORK (TheStreet) -- Newmont Mining (NEM - Get Report) stock is rising 1.38% to $31.54 in early-morning trading on Tuesday after RBC upgraded shares to "outperform" from "sector perform."

The firm hiked its price target to $40 from $34 on the stock.

Newmont Mining's valuation has improved, and it now trades at a discount to its peers, RBC pointed out in a note.

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