UBS analyst raises Newmont's price target from $70 to $92 - here's why
Key Points
- UBS analyst boosts Newmont Corp's price target from $70 to $...
When an analyst bumps a stock's price target by 31% overnight, it's either because they discovered a goldmine or had too much coffee that morning. In Newmont's case, it's literally about goldmines.
UBS analyst Daniel Major just cranked Newmont Corp's price target from $70 to $92 while keeping his Buy rating intact. The timing couldn't be more perfect, considering the world's largest gold producer has been Marie Kondo-ing its portfolio harder than a minimalist influencer.
The Great Gold Rush Garage Sale
Newmont's been busy this September, selling off assets like they're decluttering for ...
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