Newmont price target lowered to $54 from $56 at BMO Capital

BMO Capital lowered the firm’s price target on Newmont to $54 from $56 and keeps an Outperform rating on the shares after its Q4 results. The reduced price target reflects the company’s revised guidance, including the Tanami Expansion project delay, though the firm likes the company’s “clear and direct messaging” that gives Newmont shareholders comfort in the long-term focus on quality, value, and discipline, the analyst tells investors in a research note.