As previously reported, Scotiabank upgraded Newmont to Outperform from Sector Perform with a price target of $59, up from $48. The firm has adjusted upward its 2024/2025 gold price forecasts and its long-term gold price view while also having adjusted its silver price forecasts.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NEM: