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Newmont (NEM) a 'Deep Value Opportunity' - UBS

September 6, 2022 10:29 AM EDT

UBS analyst Cleve Rueckert upgraded shares of Newmont (NYSE: NEM) to Buy from Neutral, lowering the price target to $50 from $78 per share in a note to clients Tuesday.

Rueckert labeled the stock a "deep value opportunity with a very attractive dividend yield."

"We upgrade NEM to Buy... More