BofA Raises PT on Newmont (NEM) Stock

Group 1 - Newmont Corporation (NYSE:NEM) is considered one of the most undervalued stocks to buy currently, with BofA analyst Lawson Winder raising the price target from $115 to $118 while maintaining a "Buy" rating [1] - The macroeconomic environment remains challenging due to slowing commodity demand from China, but potential rebounds in demand from the US and Europe may offset this [2] - In Q3 2025, Newmont's attributable gold production decreased by 4% to 1,421 thousand ounces compared to the previous quarter, attributed to reduced gold grades and planned shutdowns [3] Group 2 - Despite the production decrease, higher output from Brucejack, Cerro Negro, and Yanacocha partially mitigated the impact [4] - Newmont's sales in Q3 2025 reached $5,524 million, an increase from $4,605 million in Q3 2024, with gold sales rising to $4,669 million from $3,945 million [4] - The company's net income for the quarter was $1.8 billion, or $1.67 per diluted share, reflecting a decline of $229 million from the previous quarter, primarily due to a significant decrease in asset sale gains [5]