CIBC analyst Anita Soni lowered the firm’s price target on Newmont to $37.50 from $42 and keeps a Neutral rating on the shares. The firm updated its model for the company’s 2024 outlook and dividend cut. The firm believes Newmont will need to deliver on both the operating front and capital allocation front to earn back investors’ trust.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on NEM:
