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

Newmont Corporation (NYSE:NEM) is 1 of the champion undervalued stocks to put successful close now.

Citi raised the terms people connected Newmont Corporation (NYSE:NEM) to $150 from $118 connected March 3, reiterating a Buy standing connected the shares. Newmont Corporation (NYSE:NEM) besides received a standing update from Bernstein connected February 27, with the steadfast upgrading the banal to Outperform from Market Perform portion adjusting the terms people to $157 from $121. The steadfast attributed the standing update to its bullish outlook connected gold, adding that the stock’s shares person respective different catalysts arsenic well, including a caller CEO with a wide agenda, achievable guidance, and a “rational reconciliation” with its largest associated task partner.

In a abstracted development, Newmont Corporation (NYSE:NEM) reported golden Mineral Reserves of 118.2 cardinal attributable ounces astatine the extremity of 2025 compared to 134.1 cardinal attributable ounces successful the erstwhile year. This was chiefly driven by the divestment of assets successful 2025. Management reported that the company's portfolio besides includes sizeable reserves from different metals, including 12.5 cardinal attributable tonnes of copper reserves and 442 cardinal attributable ounces of metallic reserves.

Newmont Corporation (NYSE:NEM) is simply a planetary shaper successful Canada, Mexico, the US, and respective different countries. Its operations see Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM.

While we admit the imaginable of NEM arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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