Scotiabank Bullish on Newmont: Price Target Soars Amid Gold Market Turbulence
Published on 02/02/2026 at 13:22 | Redaktion boerse-global.de
While the broader gold sector faces significant headwinds, one prominent financial institution is making a decidedly contrarian call. Analysts at Scotiabank have dramatically increased their valuation for Newmont Mining, the world’s largest gold producer, signaling strong conviction in the company’s fundamentals despite recent market volatility.
In a research note dated January 26, 2026, Scotiabank strategist Tanya Jakusconek reaffirmed a “Sector Outperform” rating on Newmont’s equity. The bank’s most significant move was a substantial upward revision of its price target, lifting it from $114.00 to $152.00 per share.
This bullish adjustment is rooted in heightened expectations for the company’s operational performance. Scotiabank has raised its earnings Read more...
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