Movement Alert|Newmont Mining Intraday Rise 3.03% in Regular Trading, Multiple Banks Raise Target Prices Amid Gold Sector Strength

Market Focus
08/17

On August 17, Newmont Mining rose 3.03% in regular trading, trading at $121.285/share, with turnover of $3.01 billion.

On the news front, multiple investment banks raised their price targets on the stock in quick succession. Bank of America Global Research lifted its target from $135 to $145, while BNP Paribas raised its target from $102 to $112 while maintaining a Neutral rating. Raymond James had previously adjusted its target to $131 from $128, maintaining an Outperform rating. The consensus mean price target among analysts polled by FactSet has risen to $135.25.

The broader gold sector rallied in tandem, with peers Barrick Mining gaining 2.99% and AngloGold Ashanti rising 3.94%. The target price upgrades come on the heels of Newmont's resolution of the Nevada Gold Mines dispute with Barrick, a $1.95 billion transaction that TD Cowen estimates delivers approximately $4.7 billion in value accretion, while UBS projects the company could return over $3 billion to shareholders through buybacks and dividends in the second half.

(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.)

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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