RBC Capital analyst Josh Wolfson upgraded Newmont (NEM) to Outperform from Sector Perform with a price target of $95, up from $66. The firm noted that Newmont has lagged its peers recently, which it believes presents a “tactical buying opportunity.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NEM:
- ‘Natural Bitcoin’: Gold Miners Get Lift as Stablecoin Group Tether Looks to Tie Down Stakes
- Newmont downgraded to Neutral at Macquarie following 25% rally
- Newmont downgraded to Neutral from Outperform at Macquarie
- Newmont Mining Stock (NEM) Cracks on Reports it is Shedding Thousands of Jobs
- Morning News Wrap-Up: Wednesday’s Biggest Stock Market Stories!