On August 21, Newmont Mining rose 3.01% in pre-market trading, trading at approximately $131.47/share, with turnover of $3.71 million.

On the news front, multiple investment banks recently raised their price targets on Newmont Mining, while the broader gold sector continued to strengthen. Specifically, Bank of America Global Research raised its target from $135 to $145, BNP Paribas raised its target from $102 to $112 while maintaining a Neutral rating, and Raymond James raised its target from $128 to $131 while maintaining an Outperform rating. The consensus mean target price has risen to $135.25.

Additionally, Newmont recently reached a settlement with Barrick Mining to resolve the Nevada Gold Mines dispute, with Newmont paying $1.95 billion for contribution of excluded properties including Barrick's Fourmile project. UBS noted the agreement removes a key overhang and supports cash returns to shareholders, estimating the company could return more than $7 billion through buybacks and dividends in full-year while remaining within its target cash range. TD Cowen highlighted the deal as highly accretive, estimating approximately $4.7 billion in value creation.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)