BMO Capital reinstated coverage of Newmont (NEM) with an Outperform rating and $63 price target Following a transformative year, Newmont is working to stabilize the core business and deliver on guidance, and the firm believes that the company has a quality asset portfolio, the analyst tells investors in a research note. Delivery of results and improving clarity over the outlook will play a role in the recovery, but BMO believes that investors are underexposed, the firm adds.
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