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Newmont price target raised to $57 from $54 at Barclays
The Fly

Newmont price target raised to $57 from $54 at Barclays

Barclays analyst Matthew Murphy raised the firm’s price target on Newmont to $57 from $54 and keeps an Equal Weight rating on the shares. While economic growth has remained better than expected, gold is a good hedge against further deterioration in the outlook, says the analyst, who continues to prefer gold over copper equities. A soft economic landing is possible, but monetary tightening is not done yet, contends Barclays.

Published first on TheFly

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