Raymond James Lifts Newmont (NEM) Price Target, Keeps Outperform Rating

Newmont Corporation (NYSE:NEM) is one of the 11 Best Gold Stocks to Buy According to Hedge Funds. On October 10, Raymond James analyst Brian MacArthur increased the firm’s price target on Newmont Corporation (NYSE:NEM) from $84 to $96 while maintaining an Outperform rating. This decision to raise the price target on Newmont Corporation (NYSE:NEM) reflects an increase in gold and silver price forecasts, both for the short term and the long term. The firm has based this on the solid year-to-date performance ...