Mining Giant Newmont Receives Major Vote of Confidence from Goldman Sachs
Published on 10/14/2025 at 16:45 | Redaktion boerse-global.de
In a significant move for the precious metals sector, Goldman Sachs has upgraded its rating for Newmont Mining, the world’s largest gold producer, from “Neutral” to “Buy.” The financial institution has set a substantial price target of $104.30 per share, signaling strong conviction in the company’s growth trajectory. This endorsement comes as gold prices break through the psychologically important $4,000 per ounce barrier, creating optimal conditions for mining operations.
Beyond favorable commodity pricing, Newmont demonstrates robust operational progress across multiple fronts:
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