Raymond James Touts Newmont Corporation (NEM) Low-Risk Gold Business Model, Hikes Price Target [Yahoo! Finance]
Newmont Corporation (NEM)
Last newmont corporation earnings: 2/20 06:55 am
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Source: Yahoo! Finance
Corporation's (NYSE:NEM) price target to $111 from $99 and reiterated an Outperform rating. Pixabay/Public Domain The research firm attributes the price target hike to Newmont's exposure to gold through a lower-jurisdictional-risk global portfolio. Consequently, the company can generate solid cash flow amid rising gold prices, which affirms its financial stability. Additionally, being the only gold stock listed in the S&P affirms its unique exposure to institutional investors. Raymond James has also attributed the positive stance to the company's solid dividend framework, which also allows it to share excess capital with shareholders. RBC Capital analyst Josh Wolfson also maintains a bullish stance on the stock with a $120 price target. Meanwhile, on December 18, Newmont Corporation agreed to sell 6.77 million shares of Fuertes Metals Corporation for $22 million. The sale through the company's subsidiary will reduce ownership stake to 19.5% from 24%. Newmont Corporation (NYS
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NEM
News
- 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
- Newmont Announces Fourth Quarter and Full Year 2025 Results Conference CallBusiness Wire
- Is Newmont Stock Still a Buy After a 26% Rally in 3 Months? [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