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Newmont (NYSE:NEM) Stock Price Up 6.6% - Time to Buy?
Newmont (NYSE:NEM) shares rose 6.6% on Friday, closing at $125.91, driven by a gold rally that has propelled the stock up 73% over six months. Analysts maintain a “Moderate Buy” rating with an average price target of $130.49, expecting quarterly earnings growth for the company, which is set to report this week. The company boasts a strong financial foundation with a market cap of $137.4 billion, a P/E of 19.6, and low leverage.