BMO Capital Lowers Target for Newmont Corporation (NEM) But Maintains Outperform Rating

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BMO Capital Markets has reduced its price target for Newmont Corporation (NEM) from $145 to $140 but maintained an Outperform rating, despite concerns about elevated costs and lower production. Newmont reported strong Q4 2025 results, exceeding EPS estimates primarily due to higher gold prices, and reduced its debt significantly. However, production is expected to decline in FY 2026 before recovering in 2027.

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