Citi is Bullish on Newmont Corporation (NEM)

Newmont Corporation (NYSE:NEM) has been identified 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. The adjustment in price target reflects updated company guidelines and commodity price estimates. Despite a significant increase, Citi remains neutral on gold prices and expects a moderation throughout the year. The company has predicted that the average price of an ounce of gold will reach $3,925 by 2026. Additionally, Citi forecasts that Newmont Corporation’s attributable output in 2025 will align with the middle of its guidance range.

Raymond James also upgraded their price target for Newmont Corporation from $99 to $111 on December 29, 2025, reaffirming an Outperform rating. The adjustment in price target was based on revised estimates for gold prices in the fourth quarter, which influenced the valuation. The anticipated increase is in line with the revised Q4 projections included in the company’s financial forecast.

Newmont Corporation is a leading global gold mining company that also produces significant amounts of copper, silver, zinc, and lead as byproducts. While Newmont Corporation presents investment potential, there are certain AI stocks that offer greater upside potential and lower downside risk. For investors seeking an undervalued AI stock that is poised to benefit from Trump-era tariffs and the onshoring trend, a free report on the best short-term AI stock is available.

For more insights on top-performing stocks in 2025 and the best food stocks to buy in 2026, readers can refer to the following articles: 20 Best Performing Stocks in 2025 and 12 Best Food Stocks to Buy in 2026. This article is originally published on Insider Monkey.