Jefferies Bullish on Gold Miners Predicting Record Cash Flow and Margin Expansion by 2026

Newmont Corporation (NYSE:NEM) is one of the most profitable value stocks to invest in right now. On December 7, Jefferies raised the firm’s price target on Newmont to $120 from $113 with a Buy rating. This sentiment was announced as part of the firm’s 2026 preview for the metals and mining group. Jefferies anticipates a major strategic shift for the metals sector in 2026, maintaining a high-conviction bullish stance on gold equities while turning more cautious on copper stocks due to their elevated valuat ...