Macquarie Adjusts Price Target on Newmont to $130 From $126, Maintains Outperform Rating

Macquarie has increased its price target for Newmont Corporation (NEM) to $130 from $126, while concurrently reaffirming an “Outperform” rating on the stock. This adjustment reflects Macquarie’s updated outlook for the gold mining company. Newmont Corporation, a leading global gold producer, also mines copper, silver, zinc, and lead across 21 production sites worldwide.

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