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Bernstein lowers Newmont's price target amid gold production decline and rising costs.

Analyst Insights
09 Sep 2026
Andrew Wynn
View Source
Bearish
Bernstein lowers Newmont's price target amid gold production decline and rising costs.

Bernstein has reduced the price target for Newmont Corporation to $144, reflecting challenges including a 13% drop in gold production and rising costs expected to reach $1,680 per ounce in 2026. Despite these issues, Newmont's stock gained 34.5% in August, boosted by higher gold prices and a resolved dispute with Barrick Mining. The company projects lower gold output in 2026, signaling ongoing operational difficulties but still offers a potential upside of about 13%.

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