Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTNoor Ul Ain RehmanWed, July 15, 2026 at 10:55 AM GMT+2 2 min readNewmont Corporation (NYSE:NEM) is one of the top cheap blue chip stocks to buy according to Wall Street analysts. Jefferies lowered the price target on Newmont Corporation (NYSE:NEM) to $146 from $158 on July 6 and maintained a Buy rating on the shares. The firm told investors in a research note that since fiscal Q1, gold has declined from about $4,700/oz to roughly $4,200/oz. This sets up fiscal Q2 as a period of likely margin contraction driven by lower gold prices and elevated diesel costs, shifting focus from transitory cost inflation to commodity price pressure amid expectations of higher rates.Why Newmont Corporation (NEM) Crashed On FridayIn a separate development, Newmont Corporation (NYSE:NEM) provided an update on June 21 following a seismic event that occurred on Friday, June 19, near its Cadia operations in New South Wales. It reported that all underground personnel were returned to the surface at the time of the seismic event safely, with no reported injuries and no recorded damage to infrastructure. It added that the underground and aboveground inspections were completed, with operations resuming over the weekend following a staged restart. Newmont Corporation (NYSE:NEM) also stated that the safety and well-being of its workforce remains its top priority.Newmont Corporation (NYSE:NEM) explores and acquires gold properties containing copper, silver, lead, zinc, or other metals. Its operations are divided into the following geographical segments: Canada, Mexico, Suriname, Argentina, Peru, Australia, Papua New Guinea, Ghana, and the US.While we acknowledge the potential of NEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: 15 Stocks That Will Make You Rich in 10 Years AND 12 Best Stocks That Will Always Grow.Disclosure: None. Follow Insider Monkey on Google News.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie Settings