Miners Shine as RBC Lifts Metal Targets

RBC Capital is bullish on metals. The bank raised its target on NEM to $155 from $135. That is a $20 jump — nearly a 15% increase. Newmont carries a $130 billion market cap and short interest of just 1.7% of free float, signalling little bearish pressure.

Freeport-McMoRan got an even bigger lift. RBC analyst Sam Crittenden raised his target on FCX to $85 from $73 — a 16% increase. The copper giant sits at a $100 billion market cap. Both moves suggest RBC sees momentum in precious and base metals heading into year-end.

On the fintech side, Raymond James upgraded JKHY to Buy and raised its target to $199. Jack Henry & Associates serves community and mid-tier banks with payment and core processing software. Its SI % FF sits at 6%, modest for a Nasdaq-listed fintech. The upgrade could reflect improving sentiment around financial technology spending.

HBAN drew a notable cut. Wells Fargo analyst Mike Mayo trimmed his target to $21 from $23, even while maintaining a Buy rating.

COST was initiated at Buy by Oppenheimer with a $1,160 target, joining a broad chorus of bulls on the warehouse retail giant.