Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, ETR:NMM) shares moved higher after the gold producer was upgraded by UBS analysts citing a more supportive macro backdrop for gold, strong free cash flow outlook, and the potential for sustained shareholder returns.
The analysts upgraded the stock to ‘Buy’ from ‘Neutral’ and boosted their price target to $60 from $50.
Nvidia Corp (NASDAQ:NVDA, ETR:NVD) has seen its earnings outlook slightly lowered by Citi, which reduced its estimates for 2025 and 2026 on the back of reduced hyperscaler spending and growing macroeconomic uncertainty.
Citi cut its GPU shipment estimates by 3% for 2025 and 5% for 2026, driven largely by a more cautious outlook on Microsoft’s capital spending and a potential pause in enterprise investments amid trade war pressures.