BofA lowered the firm’s price target on Newmont (NEM) to $115 from $118 and keeps a Buy rating on the shares. The firm is refreshing its price forecasts for North American Metals & Mining stocks under its coverage, the analyst tells investors. The firm sees the macro backdrop as challenging due to China’s slowing commodity demand but notes this may be offset by a rebound in demand in U.S. and Europe.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NEM:
- The Week That Was, The Week Ahead: Macro & Markets, November 23, 2025
- B, NEM, KGC: Gold’s Price Recovers on Hopes for Interest Rate Cuts
- 3 “Strong Buy” Growth Stocks to Buy Now, According to Analysts – 10/27/2025
- Barrick Mining price target raised to $40 from $38 at RBC Capital
- Here Are 3 Stocks to Buy in October 2025, According to Five-Star Analysts