Newmont shares are trading lower after Scotiabank downgraded the stock from Sector Outperform to Sector Perform and lowered its price target from $59 to $55.
Portfolio Pulse from Benzinga Newsdesk
Newmont's stock is trading lower following a downgrade by Scotiabank from Sector Outperform to Sector Perform, with a reduced price target from $59 to $55.
October 25, 2024 | 2:28 pm
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NEGATIVE IMPACT
Newmont's stock is experiencing a decline due to Scotiabank's downgrade from Sector Outperform to Sector Perform, along with a price target reduction from $59 to $55.
The downgrade by Scotiabank is a significant factor influencing investor sentiment, leading to a decrease in Newmont's stock price. The reduced price target also suggests a less optimistic outlook, contributing to the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100