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

NodeGuardian · 2026-03-04T10:53:22+00:00

Bank of America lowered its price target for Newmont Corporation to $134 while maintaining a "Buy" rating, citing updated models. Previously, CIBC set a higher target of $177, influenced by a better gold price forecast.

NodeGuardian

2026-03-04 10:53:22

Abstract generation in progress

Bank of America has slightly lowered 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 February, CIBC had raised its price target on NEM to $177 and reiterated an “Outperformer” rating, driven by an increased gold price forecast.

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