Newmont Corp. Divests Orosur Mining Stake, Analysts See 17.54% Upside

Newmont Corporation has sold its entire stake in Orosur Mining, securing C$5.5 million in proceeds. Analysts have set an average one-year target price of $72.99 for Newmont Corp, indicating a 17.54% potential upside. The GF Value suggests a 17.52% downside from the current stock price. Analysts have provided optimistic forecasts, with a consensus rating of "Outperform".

Newmont Corporation (NYSE: NEM) has announced the sale of its entire stake in Orosur Mining Inc., securing C$5.5 million in proceeds. The transaction involved the disposal of 29,213,186 common shares at a price of C$0.19 per share, resulting in a total gross proceeds of C$5,550,505.34 [1].

Prior to the sale, Newmont held approximately 9.4% of the issued and outstanding common shares on a non-diluted basis. The sale was conducted as part of Newmont's investment strategy, and the proceeds will be used for unspecified investment purposes [2].

Analysts have provided a positive outlook for Newmont Corporation, with an average one-year target price of $72.99, indicating a potential 17.54% upside from the current stock price. The GF Value suggests a 17.52% downside from the current stock price, reflecting a balanced market sentiment [3].

References:
[1] https://www.stocktitan.net/news/NEM/newmont-corporation-announces-sale-of-holdings-of-orosur-mining-00asyez2doxw.html
[2] https://www.morningstar.com/news/business-wire/20250731985460/newmont-corporation-announces-sale-of-holdings-of-orosur-mining-inc