The Globe and Mail reports in its Friday, Sept. 8, edition that Raymond James analyst Brian MacArthur continues to rate Newmont "outperform." The Globe's David Leeder writes in the Eye On Equities column that Mr. MacArthur trimmed his share target back by a buck to $61 (all figures U.S.). Analysts on average target the shares at $54.21. Mr. MacArthur says in a note: "Given operations at Penasquito remain suspended, we have updated our forecasts for Q3 to reflect a lower contribution from this mine as we believe even if the situation is resolved in the near term, there would be minimal production in the quarter given the expected ramp up times. We continue to note Newmont's production is weighted to Q4/23 with higher production at numerous operations including Ahafo, Akyem, NGM, Cerro Negro and PV and potentially higher production from Penasquito should it restart." The Globe reported on April 12 CIBC had upgraded Newmont to "outperformer" from "neutral." The shares could then be had for about $48. The Globe reported on July 7 that Barclays analyst Matthew Murphy had elevated his recommendation for Newmont to "overweight" from "equal weight." The shares could then be had for $41.54.