Newmont Corporation (NEM) has been experiencing a
notable dip in the broader market. This has caught the attention of several banks and financial institutions, leading to revised revelations. Specifically,
Citi has elevated its price target (PT) for the company from $118 to $150. On another note,
Danske Bank and
Mangrove Partners IM LLC have purchased new positions in the corporation while
Mizuho Markets Cayman LP has sold a significant amount of shares.
Despite the stock's tumbling, it has also garnered
analyst attention with firms like Bernstein launching an upgrade to 'outperform' and setting a $157 target price. Additionally, Newmont is continually characterized as a
top value stock for long-term investors. Moreover,
JPMorgan forecasts a strong production growth for the corporation through 2029. Conversely, concerns tied to rising fuel costs, lower gold prices, and refocusing on cost and volume outlook for 2026 have likely contributed to a fall in the company’s stock value. However, it's also worth noting Raymond James' positive sentiment towards Newmont's low-risk gold business model combined with a raised price target.
Newmont Corporation NEM News Analytics from Wed, 10 Sep 2025 07:00:00 GMT to Sat, 21 Mar 2026 04:26:34 GMT -
Rating 2
- Innovation 3
- Rumor 5
