RBC Capital Reiterates Sector Perform on Newmont, Maintains $52 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Josh Wolfson has reiterated a 'Sector Perform' rating on Newmont (NYSE:NEM) and maintained a $52 price target.

September 06, 2023 | 1:59 pm
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RBC Capital has reiterated a 'Sector Perform' rating on Newmont (NYSE:NEM) and maintained a $52 price target.
The news is directly about Newmont and its rating by RBC Capital. The 'Sector Perform' rating suggests that the analyst expects the stock to perform in line with the expectations of the sector over the next 12 months. The maintained price target indicates that the analyst believes the stock is fairly valued at $52. This could potentially have a neutral impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100