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Newmont Corporation (NYSE:NEM) is one of the
10 Best Gold Stocks to Buy for the Long Term.
On April 22, 2026, Reuters reported that Ghana’s mining regulator gave Newmont Corporation (NYSE:NEM), AngloGold Ashanti, and Chinese-owned Zijin until December 2026 to transition mining operations to local contractors or face sanctions, according to sources with direct knowledge of the matter and related documents. The three companies currently operate the mines with their own staff and are the only ones still doing so after Ghana, Africa’s top gold producer, revised local ownership rules in January 2025, requiring all miners to switch to contract mining.
A day earlier, CIBC analyst Anita Soni lowered the price target on Newmont Corporation (NYSE:NEM) to $176 from $177 previously and maintained an Outperformer rating on the shares as part of a Q1 preview across the gold and base metals group. Anita Soni said the roughly 20% decline in gold from its January high, along with the “flip-flop” in Federal Reserve funds expectations, could “support a bounce in the asset’s price,” while noting a more constructive outlook for base metal equities driven by supply constraints and viewing current levels as an attractive entry point.
Newmont Corporation (NYSE:NEM) operates as a gold producer and also explores for copper, silver, lead, zinc, and other metals.
While we acknowledge the potential of NEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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