Newmont Corporation (NYSE:NEM) Receives New Price Target from Stifel Nicolaus

Core Viewpoint - Newmont Corporation is a leading gold mining company with a new price target set by Stifel Nicolaus at $175, indicating a potential increase of approximately 45.36% from its current trading price of $120.39 [1][2][6] Group 1: Stock Performance - Newmont's stock has crossed above its 20-day moving average, indicating a short-term bullish trend and gaining momentum with a 6.9% increase over the past four weeks [2][6] - The current stock price is $120.51, reflecting a slight decrease of $0.22 or approximately -0.18% from the previous trading session, with a trading range between $119.62 and $121.23 today [4] - Over the past year, Newmont's stock has experienced significant volatility, with a high of $134.88 and a low of $41.23 [4] Group 2: Market Position and Investor Sentiment - Newmont's market capitalization is approximately $131.5 billion, highlighting its status as a major player in the mining sector [5] - The stock is currently rated as a Zacks Rank 3 (Hold), suggesting a neutral stance and advising investors to remain cautious despite positive technical indicators [3][6] - Today's trading volume for Newmont is 3,066,946 shares, indicating active investor interest [5]