As previously reported yesterday afternoon, Canaccord analyst Carey MacRury upgraded Newmont to Buy from Hold with a price target of $55, up from $53, citing valuation following the company’s Q4 results, updated guidance, and reserve and resources. The firm views the Q4 results and updated guidance as "in line to slightly positive" and notes that the company also reset its dividend framework, as expected.
Published first on TheFly
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