Newmont Mining is overvalued and Fed hike threatens all gold stocks: Jefferies – CNBC

Newmont Mining is overvalued and Fed hike threatens all gold stocks: Jefferies
CNBC
“We downgrade NEM shares from Buy to Hold due to near-term gold price risk, the headwind of potential U.S. interest rate increases, a lack of positive catalysts, and valuation following strong share price performance YTD,” equity analyst Christopher …