Analysts Are Upgrading These 5 Stocks

04. Newmont Corporation (NYSE:NEM)

Number of Hedge Fund Holders: 52

Newmont Corporation (NYSE:NEM) is a mining company that produces a variety of metals such as gold, copper, zinc, lead, and silver. Barclays analyst Matthew Murphy, on July 7, upgraded Newmont Corporation (NYSE:NEM) from Equal-Weight to Overweight. However, he slightly lowered the price target from $62 to $61. This upgrade suggests that Murphy has a more positive outlook on the stock’s performance and believes it has the potential to outperform. Despite the slight adjustment to the price target, the overall sentiment is bullish.