Newmont upgraded at CIBC, reflecting status as S&P 500’s only gold producer (NYSE:NEM)
2024-07-10
Filograph/E+ via Getty Images Newmont (NYSE:NEM) +3.5% in Wednesday’s trading in a strong session for precious metals miners, as CIBC upgrades shares to Outperform from Neutral with a $61 price target, raised from $46. CIBC raises its gold price forecast to $2,290/oz in 2024 and $2,600 in 2025, and saysContinue Reading