Newmont (NEM) Raises Price Target to $145 on Strong Q1 Performance
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowNewmont Corporation (NEM) received an analyst target increase from BMO Capital on April 24, with the price objective raised to $145 from $140. For Q1, Newmont reported revenue of $7.31 billion, exceeding estimates of $6.44 billion, alongside a free cash flow record of $3.1 billion. The company produced approximately 1.3 million gold ounces, 9 million silver ounces, and 30,000 tons of copper. Newmont also expanded its share repurchase program, authorizing an additional $6 billion, which reflects its commitment to returning value to shareholders amidst a volatile market.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Newmont Corporation (NEM)
Newmont is the world’s largest gold miner.
The Materials sector covers chemical, metal, mining and packaging companies that supply raw inputs.
Earlier NEM news
- VanEck Gold Miners (GDX) Surges 95% Amid Ongoing Iran Conflict
- NEWMONT Corp (NEM) Form 144 Filing on April 1, 2023
- Micron, Sandisk, Newmont Lead Notable Premarket Stock Movements
- Premarket Movers: Micron, Alibaba, Five Below, and Newmont Stocks Surge
- Newmont Corporation Shares Decline Following Market Pressures
Get the weekly market brief
One email every Monday: what moved, why, and what to watch. Free, unsubscribe anytime.
Get stories like this as they break
Our Telegram channel posts every market story the moment it is published. Free, and you can mute or leave anytime.
