Newmont Corporation stock moved higher following multiple analyst price target increases. CIBC raised its price target to $177 from $112, maintaining an Outperformer rating based on increased gold and copper price forecasts, anticipating $6,000 per ounce gold in 2026 and $6,500 in 2027. Macquarie also increased its price target to $126 from $115 while reaffirming an Outperform rating. UBS and Scotiabank similarly raised their targets, citing economic uncertainty, geopolitical risks, and central bank buying as drivers for higher metal prices. Additionally, Newmont began commercial production at its Ahafo North mines in Ghana, expected to contribute meaningfully to the company's gold output. The broader gold mining sector experienced significant investor inflows, with gold mining ETFs attracting approximately $3.62 billion in January 2026, the largest monthly inflow in over 15 years.
Read full analysisNewmont Corporation stock moved higher following multiple analyst price target increases. CIBC raised its price target to $177 from $112, maintaining an Outperformer rating based on increased gold and copper price forecasts, anticipating $6,000 per ounce gold in 2026 and $6,500 in 2027. Macquarie also increased its price target to $126 from $115 while reaffirming an Outperform rating. UBS and Scotiabank similarly raised their targets, citing economic uncertainty, geopolitical risks, and central bank buying as drivers for higher metal prices. Additionally, Newmont began commercial production at its Ahafo North mines in Ghana, expected to contribute meaningfully to the company's gold output. The broader gold mining sector experienced significant investor inflows, with gold mining ETFs attracting approximately $3.62 billion in January 2026, the largest monthly inflow in over 15 years.
Newmont Corporation (NEM) is a publicly traded company in the Materials sector.