JPMorgan raised the firm’s price target on Newmont (NEM) to A$134 from A$113 and keeps an Overweight rating on the shares. The firm upped price targets for the Australian gold miners citing higher gold prices.
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Read More on NEM:
- Newmont announces retirement of CEO Palmer, names Viljoen as successor
- Goldminers advance in pre-market as Gold futures top $3,850 per ounce
- Newmont price target raised to $84 from $77 at Raymond James
- Newmont price target raised to C$125 from C$110 at National Bank
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