Newmont Corporation (NYSE:NEM) is highlighted as one of the 11 Most Profitable Cheap Stocks to Invest In Now. Scotiabank raised its price target on NEM from $114 to $152, citing economic uncertainty and central bank buying. Citi and Raymond James also raised their price targets on NEM, praising its global gold exposure and financial stability.

Newmont Corporation (NYSE:NEM) is a major player in the gold mining industry, producing copper, zinc, lead, and silver. The company’s global portfolio and flexible balance sheet contribute to solid cash flow generation. While NEM offers potential as an investment, certain AI stocks may provide greater upside potential with less downside risk.

Scotiabank, Citi, and Raymond James have all recently raised their price targets on Newmont Corporation (NYSE:NEM). These increases come amidst updates to gold and silver price forecasts, reflecting ongoing economic and geopolitical uncertainty. NEM remains a prominent player in the gold mining industry, offering exposure to various precious metals.

Read more at Yahoo Finance: Scotiabank, Citi, and Raymond James Raise Newmont (NEM) Price Targets