Newmont price target raised to $145 from $140 at BMO Capital

BMO Capital analyst Matthew Murphy raised the firm’s price target on Newmont (NEM) to $145 from $140 and keeps an Outperform rating on the shares. The firm is updating its model after the company’s strong Q1, also noting that while Q2 production may be down slightly thus far this quarter, Newmont is off to a good start this year with respect to guidance and is working to manage costs and grow production in the second half of the year and beyond, the analyst tells investors in a research note.