On August 21, Newmont Mining rose 3.14% in regular trading, trading at $131.6/share, with turnover of $292 million. The rally was driven by a wave of target price upgrades from major investment banks combined with broad gold sector strength.

On the news front, Bank of America Global Research raised its target price on Newmont from $135 to $145, BNP Paribas lifted its target from $102 to $112 while maintaining a Neutral rating, and Raymond James adjusted its target from $128 to $131 with an Outperform rating. The consensus mean target price has risen to $135.25. Additionally, the company recently reached a settlement with Barrick Mining over the Nevada Gold Mines dispute, paying $1.95 billion to resolve all outstanding claims. UBS noted this agreement removes a key overhang, supporting shareholder cash returns and long-term growth potential from Barrick's Fourmile project. TD Cowen estimated the deal creates approximately $4.7 billion in value uplift for Newmont.

Within the Gold sector, peers traded broadly higher, with Anglogold Ashanti up 6.28%, Kinross up 4.63%, Agnico Eagle Mines up 2.74%, and Barrick Mining up 2.7%.

(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.)