5 Best S&P 500 Stocks To Buy According to Analysts

2. Newmont Corporation (NYSE:NEM)

Number of Q4 2023 Hedge Fund Shareholders: 53

Average Analyst Share Price Target: $54

Percentage Upside: 51.87%

Newmont Corporation (NYSE:NEM) is an American metals mining company that produces gold, copper, and other metals. The firm is currently looking to raise capital and plans to sell a gold mine in Ghana to this effect.

For their December quarter of 2023 shareholdings, 53 out of the 933 hedge funds tracked by Insider Monkey had invested in the firm. Newmont Corporation (NYSE:NEM)’s largest investor among these is Jean-Marie Eveillard’s First Eagle Investment Management due to its $983 million investment.

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