Scotiabank Bullish on Newmont: Price Target Soars Amid Gold Market Turbulence

Newmont Mining US6516391066

While the broader gold sector faces significant headwinds, one prominent financial institution is making a decidedly contrarian call. Analysts at Scotiabank have dramatically increased their valuation for Newmont Mining, the world’s largest gold producer, signaling strong conviction in the company’s fundamentals despite recent market volatility.

In a research note dated January 26, 2026, Scotiabank strategist Tanya Jakusconek reaffirmed a “Sector Outperform” rating on Newmont’s equity. The bank’s most significant move was a substantial upward revision of its price target, lifting it from $114.00 to $152.00 per share.