Jackie Przybylowski, an analyst from BMO Capital, maintained the Buy rating on Newmont Mining (NEM – Research Report). The associated price target is $54.00.
Jackie Przybylowski has given his Buy rating due to a combination of factors related to Newmont Mining’s strategic focus and operational efficiency. He commends the company’s refreshed corporate strategy, which emphasizes its core, Tier 1 assets, and the clear communication that instills confidence in its long-term vision. Przybylowski appreciates the company’s balanced approach to capital allocation, managing debt reduction while also returning value to shareholders, even as target prices adjust to reflect recent project delays and guidance revisions.
Przybylowski also notes Newmont’s commitment to improving margins through higher production volumes, portfolio optimization, and the pursuit of additional cost and productivity improvements. The company’s aggressive but patient divestment strategy, aimed at focusing on high-potential assets, and the introduction of a more predictable capital returns framework, including a significant share buyback program, are viewed as positive steps. These factors, along with the company’s strong management and conservative strategy, make Newmont an attractive option for both gold and generalist investors.
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Newmont Mining (NEM) Company Description:
Newmont Corporation is a mining company and has the world’s largest gold reserve base in the industry. It engages in the exploration and production of gold, copper, silver, zinc, and lead.
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