Newmont price target raised to $48 from $43 at TD Securities

TD Securities raised the firm’s price target on Newmont to $48 from $43 and keeps a Hold rating on the shares. The company’s post Newcrest merger asset monetization process is off to a good start with the stream buyout on the Fruta del Norte mine for $330M, the analyst tells investors in a research note. The firm believes asset sales are likely to be a key catalyst over the next 12 months for Newmont shares.