NEM received a downgrade to Hold from Buy by Freedom Broker analyst Vitaly Kononov today, with price target lowered 10.8% to $116 from $130. The cut comes as the gold miner heads into earnings tomorrow. Consensus analyst target stands at $136.61, implying 16.6% upside from today's close of $117.18. Despite the downgrade, short interest remains negligible at 1.5% of free float, cost to borrow 0.32%, and utilization just 0.38%.
NEM Freedom Broker downgrades to Hold, cuts target 11% to $116.
NEM received a downgrade to Hold from Buy by Freedom Broker analyst Vitaly Kononov today, with price target lowered 10.8% to $116 from $130. The cut comes as the gold miner heads into earnings tomorrow. Consensus analyst target stands at $136.61, implying 16.6% upside from today's close of $117.18. Despite the downgrade, short interest remains negligible at 1.5% of free float, cost to borrow 0.32%, and utilization just 0.38%.
Key data as of 3 Nov 2026
NEM Freedom Broker downgrades to Hold, cuts target 11% to $116.
NEM cost to borrow surges to 0.34%, up 196% over one week ahead of October 22 earnings.
2 Cost to Borrow updates in 30 days
Newmont Corporation, the world's largest gold miner, fell 7.1% when it reported Q3 results on October 22 and has shed another 3.6% over the past week to trade at $112.64, putting the stock 7.2% lower on the month. The…
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