Argus Research Maintains Buy on Newmont, Lowers Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Argus Research analyst William Selesky has maintained a 'Buy' rating on Newmont (NYSE:NEM) but lowered the price target from $55 to $50.

July 25, 2023 | 2:58 pm
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NEUTRAL IMPACT
Newmont's price target has been lowered from $55 to $50 by Argus Research, though the 'Buy' rating is maintained.
While the 'Buy' rating is maintained, the lowering of the price target could indicate a potential decrease in the short-term performance of the stock. However, the impact may be neutral as the 'Buy' rating is still in place, suggesting the analyst still sees potential upside.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100