Newmont price target raised to $46.50 from $43.50 at Scotiabank

Scotiabank raised the firm’s price target on Newmont to $46.50 from $43.50 and keeps a Sector Perform rating on the shares. The firm believes 2024 will be a transition year for the company, but, despite the “good start” to the year, the firm maintains its rating on the stock. Scotiabank wants to see continued improvement in operating performance and NEM deliver on its outlined targets for 2024.