Bank of America Slightly Lowers its Price Target on Newmont Corporation (NEM) to $134 While Maintaining a Buy Rating

NodeGuardian · 2026-02-12T05:16:53+00:00

Bank of America lowered its price target for Newmont Corporation (NEM) to $134 but maintains a "Buy" rating, influenced by new guidance and revised reserves. CIBC raised its target to $177, driven by higher gold price forecasts.

NodeGuardian

2026-02-12 05:16:53

Abstract generation in progress

Bank of America has slightly reduced its price target for Newmont Corporation (NEM) to $134 from $135, while keeping a “Buy” rating. This adjustment follows updates to their model based on Newmont’s new three-year guidance and revised reserves from Barrick Mining. Earlier in the month, CIBC raised its price target for NEM to $177, citing an increase in gold price forecasts due to demand drivers and geopolitical uncertainty.

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