Raymond James analyst Brian MacArthur raised the firm’s price target on Newmont (NEM) to $99 from $96 and keeps an Outperform rating on the shares following the Q3 report. The company’s attributable gold production for 2026 is expected to be within the same guidance range provided for 2025, but toward the lower end, the analyst tells investors in a research note.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NEM:
- Newmont Mining: Strong Financial Performance and Strategic Management Drive Buy Rating
- Newmont Mining: Strong Financial Performance and Strategic Positioning Justify Buy Rating
- Newmont Corporation Reports Strong Q3 2025 Results
- Closing Bell Movers: Intel jumps 8% after Q3 earnings beat
- Newmont Corporation Reports Strong Q3 2025 Results and Updates Guidance