Newmont price target lowered to $45 from $46 at TD Securities

TD Securities lowered the firm’s price target on Newmont (NEM) to $45 from $46 and keeps a Hold rating on the shares. The analyst updated estimates following the company’s Q4 report. It increased Newmont’s cost estimates to reflect its 2025 guidance. The Q4 report was strong but the guidance was “somewhat disappointing,” the analyst tells investors in a research note.