Analysts Have Mixed Views on Newmont (NEM)

Newmont Corporation (NYSE:NEM) is one of the 13 Best Gold Mining Companies to Invest In Now. On December 10, TipRanks reported that RBC Capital increased the price target from $97 to $120 and reiterated its Buy rating on Newmont Corporation (NYSE:NEM).

Earlier, on December 1, UBS analyst Daniel Major also increased the firm’s price target on Newmont Corporation (NYSE:NEM) from $105.50 to $125 and kept a Buy rating. The analyst told investors in a research note that gold started 2025 as a popular bullish trade and it is expected to keep that support in 2026. This view is backed by steady demand from private investors and the official sectors. There are no signs of extreme speculation either. Even after some overexcitement in early autumn, UBS believes that the macro environment over the next 6 to 12 months looks set for continued buying from central banks and investors.

However, on December 5, BNP Paribas Exane downgraded its rating on Newmont Corporation (NYSE:NEM) from Outperform to Neutral and cut its price target from $107 to $97. This downgrade comes after a strong run in the stock price.

The research firm pointed out that Newmont Corporation (NYSE:NEM) continues to offer strong gold exposure and lower jurisdictional risk. However, BNP Paribas Exane noted that the company has now finished optimizing its assets after the Newcrest deal.

Newmont Corporation (NYSE:NEM) is a gold mining company that also produces copper, zinc, lead, and silver. It is one of the largest gold mining companies in the world.

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Disclosure: None. This article is originally published at Insider Monkey.