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

Core Viewpoint - Newmont Corporation (NYSE:NEM) is recognized as one of the best gold stocks to buy according to hedge funds, with an increased price target from Raymond James reflecting positive market conditions for gold and silver [1][2]. Group 1: Price Target and Ratings - Raymond James analyst Brian MacArthur raised the price target on Newmont Corporation from $84 to $96 while maintaining an Outperform rating [1][3]. - The increase in price target is attributed to improved forecasts for gold and silver prices in both the short and long term [2]. Group 2: Operational Insights - The analyst anticipates that operating and incentive costs for Newmont will rise due to increased pricing for reserves and resources [3]. - Newmont Corporation is a major player in the gold mining industry and also produces copper, zinc, lead, and silver, making it one of the largest gold mining companies globally [3].