BMO Capital Maintains Outperform on Newmont, Lowers Price Target to $54
Portfolio Pulse from Benzinga Newsdesk
BMO Capital analyst Jackie Przybylowski maintains an Outperform rating on Newmont (NYSE:NEM) but lowers the price target from $56 to $54.

May 02, 2024 | 2:53 pm
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NEUTRAL IMPACT
BMO Capital maintains an Outperform rating on Newmont but lowers the price target from $56 to $54.
The adjustment in price target by BMO Capital, while maintaining an Outperform rating, suggests a continued positive outlook on Newmont but with a slightly moderated growth expectation. This could lead to a neutral short-term impact on the stock as the market absorbs the revised target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100