BofA lowered the firm’s price target on Newmont to A$74 from A$76 and keeps a Buy rating on the shares. As part of its long-term cost assessment for the senior gold producers, the firm has adjusted its cost projections for Newmont, Agnico Eagle (AEM), Barrick Gold (GOLD) and Kinross Gold for 2025 and later, the analyst tells investors. The firm has a price target of $49 on Newmont’s U.S.-listed shares.
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