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Investing.com -- UBS upgraded Newmont Corporation to âBuyâ from âNeutralâ and raised its price target to $60 per share, citing a more supportive macro backdrop for gold and potential for sustained shareholder returns.
The firm lifted its gold price forecast to $3,500 per ounce in 2026, arguing the commodity is set to benefit from a shift in investor sentiment following recent macroeconomic shocks, echoing post-crisis rallies after the global financial crisis and COVID-19.
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>>> Read more: UBS upgrades Newmont as stronger gold prices to drive cash returns, valuation
The firm lifted its gold price forecast to $3,500 per ounce in 2026, arguing the commodity is set to benefit from a shift in investor sentiment following recent macroeconomic shocks, echoing post-crisis rallies after the global financial crisis and COVID-19.
N...
>>> Read more: UBS upgrades Newmont as stronger gold prices to drive cash returns, valuation
