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Jefferies Adjusts Newmont Price Target to $158 From $136, Maintains Buy Rating
Jefferies has increased its price target for Newmont Corporation (NEM) to $158 from $136, while reiterating a “Buy” rating on the stock. This adjustment reflects a positive outlook on the gold mining company. Newmont Corporation, a leading gold mine exploration and operation company, reported 6.5 million ounces of gold sold in 2024.