Raymond James analyst Brian MacArthur raised the firm’s price target on Newmont (NEM) to $54 from $53 and keeps an Outperform rating on the shares. The firm updated its forecast for Q1 commodity prices, and tells investors that Q1 results will include results for some non-core core assets for part of the quarter and will include total after-tax cash proceeds of $1.7B before closing adjustments for these assets.
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