BMO Capital Reinstates Outperform on Newmont, Announces $58 Price Target
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Jackie Przybylowski has reinstated Newmont (NYSE:NEM) with an Outperform rating and announced a price target of $58.
November 07, 2023 | 1:31 pm
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POSITIVE IMPACT
Newmont's stock is likely to be positively impacted in the short term due to the Outperform rating and $58 price target set by BMO Capital.
Analyst ratings and price targets can significantly influence a stock's performance. The Outperform rating suggests that BMO Capital expects Newmont to outperform the market, which could attract investors. The $58 price target, if higher than the current price, indicates an expected increase in the stock's value, which could also attract investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100