Citi is Bullish on Newmont Corporation (NEM)

Newmont Corporation (NYSE:NEM) is among the 15 Best Performing Silver Stocks to Buy.

According to TheFly, Citi lifted Newmont Corporation (NYSE:NEM)’s price goal from $104 to $118 and kept its Buy rating on January 12. Updated company guidelines and commodity price estimates are reflected in the modification. After a notable surge, Citi declared that it is neutral on gold prices and anticipates moderation throughout the year. The company predicts that in 2026, the average price of an ounce of gold will be $3,925. Furthermore, Citi anticipates that the corporation’s attributable output in 2025 will be close to the middle of its guidance range.

Raymond James upgraded their price target for Newmont Corporation (NYSE:NEM) from $99 to $111 on December 29, 2025. An Outperform rating was reaffirmed. The company revised its estimates for gold prices in the fourth quarter, which led to an alteration to its valuation. The anticipated rise is in line with the revised Q4 projections that Raymond James included in the company’s financial forecast.

 Newmont Corporation (NYSE:NEM) is one of the world’s biggest gold mining companies. Newmont also generates significant amounts of copper, silver, zinc, and lead as byproducts.

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