Newmont price target lowered to $52 from $55 at Scotiabank

Scotiabank lowered the firm’s price target on Newmont (NEM) to $52 from $55 and keeps a Sector Perform rating on the shares. The firm has adjusted its gold forecasts for 2025, 2026, and 2027, reflecting SC Economics/Strategy forecasts for interest rates, inflation, and USD expectations, the analyst tells investors. While the firm’s long-term gold price forecast has not changed, Scotiabank made changed to its net assets values and target prices for stocks covered in its Gold & Precious Minerals sector.