Scotiabank Upgrades Newmont Mining Corp. (NEM) to Sector Outperform

Scotiabank analyst Tanya Jakusconek upgraded Newmont Mining Corp. (NYSE: NEM) from Sector Perform to Sector Outperform with a price target of $59.00 (from $48.00).

The analyst comments "We have made two rating changes in the group; NEM to Sector Outperform (from Sector Perform), with the company expected to show operational improvement and hence margin expansion in 2H/24."

For an analyst ratings summary and ratings history on Newmont Mining Corp. click here. For more ratings news on Newmont Mining Corp. click here.

Shares of Newmont Mining Corp. closed at $50.21 yesterday.

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