Jefferies Maintains a Buy on ​Newmont Corporation (NEM), Here’s What You Need to Know

​Newmont Corporation (NYSE:NEM) is 1 of the Cheap NYSE Stocks to Buy Now. On December 7, Fahad Tariq from Jefferies reiterated a Buy standing connected the banal with a terms people of $120. Earlier, connected December 1, Daniel Major from UBS raised the terms people connected Newmont Corporation (NYSE:NEM) from $105.5 to $125, portion maintaining a Buy rating.

​Tariq from Jefferies noted that they stay bullish connected golden equities owed to the charismatic valuation. However, helium remains cautious connected metallic equities, again owed to valuation concerns heading into 2026. The expert anticipates golden prices to stay elevated successful 2026, thereby allowing golden equities to make much escaped currency travel and grow margins.

​Analyst Daniel Major from UBS besides has akin views regarding golden prices. He besides anticipates golden prices to proceed rising successful 2026, driven by broad-based backstage assemblage demand. He sees continued buying from cardinal banks and investors passim the year.

​That said, Newmont Corporation (NYSE:NEM) delivered beardown results successful fiscal Q3 2025. The institution delivered $5.52 cardinal successful revenue, reflecting a 19.96% year-over-year summation and surpassing estimates by $251.31 million. The EPS of $1.71 besides topped estimates by $0.27. The institution produced 1.4 cardinal golden ounces during the quarter, on with 35 1000 tones of copper. Taking assurance from the performance, absorption besides raised the full-year accumulation guidance of golden from 5.6 Moz to 5.9 Moz.

​Newmont Corporation (NYSE:NEM) explores and acquires golden properties containing copper, silver, lead, zinc, oregon different metals. Its operations are divided into the pursuing geographical segments: Canada, Mexico, Suriname, Argentina, Peru, Australia, Papua New Guinea, Ghana, and the US.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.