On August 19, Newmont Mining rose 7.17% in regular trading, trading at $124.24/share, with turnover of $94.38 million.

On the news front, multiple investment banks recently raised their price targets on the company. Bank of America Global Research lifted its target from $135 to $145, BNP Paribas raised its target from $102 to $112 while maintaining a Neutral rating, and Raymond James adjusted its target from $128 to $131, maintaining an Outperform rating. The consensus mean target price has risen to $135.25.

Additionally, the company recently reached a settlement with Barrick Mining over the Nevada Gold Mines dispute, with Newmont paying $1.95 billion for excluded properties including Barrick's Fourmile project. UBS noted the agreement removes a key overhang and supports cash returns to shareholders, estimating total cash returns could exceed $7 billion in the current year. TD Cowen highlighted the deal as highly accretive, implying approximately $4.7 billion in value creation.

The broader gold sector rallied in tandem, with Coeur Mining up 8.29%, Agnico Eagle Mines up 6.86%, Kinross up 6.84%, and Barrick Mining up 6.01%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)