Newmont Corporation (NYSE:NEM) has been recognized as one of the 15 Best Performing Silver Stocks to Buy. Citi recently raised Newmont Corporation’s price target from $104 to $118 and maintained its Buy rating on January 12. This adjustment takes into account updated company guidelines and commodity price estimates. Despite a significant increase, Citi remains neutral on gold prices and expects a slowdown throughout the year. The company projects the average price of an ounce of gold to reach $3,925 by 2026. Additionally, Citi forecasts that Newmont Corporation’s attributable output in 2025 will fall within the middle of its guidance range.
Raymond James also upgraded their price target for Newmont Corporation from $99 to $111 on December 29, 2025, while reaffirming an Outperform rating. The revision was based on changes in gold price estimates for the fourth quarter, aligning with the company’s financial outlook. Newmont Corporation is a leading global gold mining company that also produces significant amounts of copper, silver, zinc, and lead as byproducts.
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For more insights on top-performing stocks in 2025 and the best food stocks to buy in 2026, readers can explore additional articles on Insider Monkey. It’s important to note that the information provided in this article is based on publicly available sources, and no personal investments or endorsements are disclosed.
