Newmont Corp Stock Gains on Upgraded Price Target to $155

Newmont Corp's stock is rising after Royal Bank of Canada raised its price target to $155, a significant increase from the current market price. The upgrade reflects confidence in Newmont as a large-scale gold producer and its leverage to the gold price.

The consensus target price among analysts is now at $132.11, which represents a 6.4% upside potential. However, Royal Bank of Canada's revised target suggests that there may be more room for growth in the stock.

Newmont Corp recently confirmed its quarterly dividend payment of $0.26 per share, providing investors with a modest income stream alongside exposure to gold and copper production.