Raymond James Boosts Newmont (NEM) Target, Keeps Outperform Rating [Yahoo! Finance]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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Source: Yahoo! Finance
On December 29, Raymond James raised its price target on Newmont Corporation (NYSE:NEM) to $111 from $99 and kept an Outperform rating. The move followed updated forecasts for fourth-quarter gold prices. Newmont's stock has climbed 167% year to date, driven largely by the sharp rise in gold. As uncertainty around the global economy and interest rates has grown, investors have leaned into safe-haven assets. Gold prices pushed to record highs, and Newmont has been one of the clearest beneficiaries of that shift. Outlooks for next year point to continued momentum. According to S&P Global, Visible Alpha consensus estimates show Newmont Corporation (NYSE:NEM)'s revenue rising 17% in 2025 to $21.8 billion, extending the recovery that began last year. Gold remains the main driver. Sales from the metal are expected to increase 19% to $18.8 billion, supported by a 43% jump in the average realized gold price to $3,432 per ounce. Newmont Corporation (NYSE:NEM) is the world's largest gold
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NEM
News
- Barrick Mining's Gold Sales Drop Y/Y in Q3: Will It Rebound in Q4? [Yahoo! Finance]Yahoo! Finance
- Discovery Produces 66,718 Ounces of Gold in Fourth Quarter 2025 [Yahoo! Finance]Yahoo! Finance
- Newmont (NYSE:NEM) had its price target raised by analysts at The Goldman Sachs Group, Inc. from $99.90 to $123.90. They now have a "buy" rating on the stock.MarketBeat
- Newmont (NYSE:NEM) had its price target raised by analysts at Raymond James Financial, Inc. from $111.00 to $130.00. They now have an "outperform" rating on the stock.MarketBeat
- Raymond James Touts Newmont Corporation (NEM) Low-Risk Gold Business Model, Hikes Price Target [Yahoo! Finance]Yahoo! Finance
NEM
Earnings
- 10/23/25 - Beat
NEM
Sec Filings
- 1/9/26 - Form 3
- 1/9/26 - Form 3
- 1/9/26 - Form 3
- NEM's page on the SEC website