Raymond James analyst Brian MacArthur raised the firm’s price target on Newmont (NEM) to $69 from $67 and keeps an Outperform rating on the shares. Newmont had Q2 attributable gold production of 1.478 Moz at AISC of $1,593/oz and generated $2.2B in net cash from operating activities and $1.7B in free cash flow, the analyst tells investors in a research note.
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