Newmont Mining Receives Buy Recommendation from Jefferies with $68 Price Target

Newmont Mining received a Buy recommendation from Fahad Tariq at Jefferies, with a price target of $68.00. Tariq has a 61.64% success rate on recommended stocks. Newmont Mining also received a Buy from Stifel Nicolaus's Ralph M. Profiti, but a Hold from CIBC. The company's shares opened at $58.09.

MGM Resorts International (NYSE:MGM) has seen a significant increase in its price target from various financial analysts. Stifel Nicolaus has raised its target price from $44.00 to $48.00, suggesting a potential upside of 25.85% from the stock's previous close [1]. This move comes amidst a flurry of analyst activity, with Morgan Stanley reducing its target price to $36.00 and setting an "equal weight" rating [1]. Meanwhile, Macquarie lowered its price objective to $48.00 and set an "outperform" rating [1]. Citigroup upgraded its rating from "hold" to "strong-buy" and increased its price target to $57.00 [1].

The consensus target price, as per MarketBeat, stands at $47.67, with an average rating of "Moderate Buy" [1]. This positive sentiment is backed by the company's recent earnings report, where it reported $0.69 EPS, topping analysts' expectations of $0.50 by $0.19 [1]. Additionally, the company has initiated a $2.00 billion share repurchase program, indicating that management believes its shares are undervalued [1].

Insider selling activity has been noted, with Director Keith A. Meister selling 60,000 shares and COO Corey Ian Sanders selling 40,000 shares [1]. However, institutional investors have been increasing their stakes, with Assetmark Inc. and Amundi among those raising their holdings [1].

The stock's performance has been mixed, trading up $0.21 to $38.14 on July 11th, 2025, with a market capitalization of $10.38 billion [1]. Despite the mixed analyst ratings, the overall sentiment remains positive, with a majority of analysts giving a "buy" or "strong-buy" rating to the stock.

References:
[1] https://www.marketbeat.com/instant-alerts/stifel-nicolaus-raises-mgm-resorts-international-nysemgm-price-target-to-4800-2025-07-11/