RBC Capital Maintains Sector Perform on Newmont, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Josh Wolfson has maintained a 'Sector Perform' rating on Newmont (NYSE:NEM) but has lowered the price target from $45 to $40.
February 08, 2024 | 2:39 pm
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RBC Capital has maintained its 'Sector Perform' rating on Newmont but reduced the price target from $45 to $40.
The reduction in price target by RBC Capital suggests a less optimistic outlook on Newmont's stock value in the short term, potentially leading to a negative impact on its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100