Newmont price target raised by UBS on capital returns outlook

Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, XETRA:NMM) remains UBS's preferred large-cap gold miner, with the bank citing clarity on capital returns and a path to growing production per share. The key overhang on Newmont's investment case, a potential large payment to Barrick to equalize...