Citi Lifts PT on Newmont Corporation (NEM) to $150 from $118 - Here's Why

NodeGuardian · 2026-03-12T12:05:42+00:00

Citi increased its price target for Newmont Corporation to $150, maintaining a Buy rating, following a positive outlook from Bernstein. Newmont reported substantial gold reserves despite a slight decrease due to divestments.

NodeGuardian

2026-03-12 12:05:42

Abstract generation in progress

Citi raised its price target on Newmont Corporation (NEM) to $150 from $118, maintaining a Buy rating. This follows a similar upgrade from Bernstein, which cited a bullish outlook on gold, a new CEO, achievable guidance, and reconciliation with a joint venture partner. Newmont also reported 118.2 million attributable gold Mineral Reserves at the end of 2025, alongside significant copper and silver reserves, despite a decrease from the previous year due to divestments.

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