Analysts Have Mixed Views on Newmont (NEM)

Core Viewpoint - Newmont Corporation (NYSE:NEM) is recognized as one of the best gold mining companies to invest in, with recent price target increases from multiple analysts indicating strong bullish sentiment towards gold in the coming years [1][2]. Analyst Ratings - RBC Capital raised its price target for Newmont from $97 to $120 while maintaining a Buy rating [1]. - UBS analyst Daniel Major increased the price target from $105.50 to $125, also keeping a Buy rating, citing strong demand for gold from private investors and central banks [2]. - BNP Paribas Exane downgraded Newmont from Outperform to Neutral and reduced its price target from $107 to $97, following a strong stock price performance [3]. Company Overview - Newmont Corporation is a leading gold mining company that also produces copper, zinc, lead, and silver, and is recognized for its strong gold exposure and lower jurisdictional risk [4]. - The company has completed asset optimization following its acquisition of Newcrest [4].