Goldman Sachs downgrades Newmont to Neutral, citing limited near-term upside

Goldman Sachs has downgraded Newmont Corporation (NEM) to Neutral from Buy, citing a more balanced risk-reward outlook after the recent rally in gold prices and mining stocks.

The firm noted that while Newmont remains a high-quality operator, near-term upside now appears limited. Following the downgrade, the stock is trading at $57.91, down 3.75% in morning trading.