New Buy Rating for Newmont Mining (NEM), the Basic Materials Giant

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RBC Capital has maintained a Buy rating on Newmont Mining (NEM) with a price target of $160.00, while Scotiabank also reiterated a Buy rating with a $151.00 price target. The consensus among analysts is a Strong Buy for NEM, projecting a 28.49% upside. Newmont Mining recently reported strong Q1 earnings with significant increases in both revenue and net profit compared to the previous year.

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