Why These 5 Stocks Are Moving on Friday

2. Newmont Corporation (NYSE:NEM) is up 3% today following a 1.3% increase in gold prices due to rising uncertainty related to the conflict between Russia and Ukraine. The Denver, Colorado-based gold mining company already received a boost from Michael Jalonen at Bank of America, who increased the price target from $70 to $75 while reiterating a Buy rating on Newmont Corporation (NYSE:NEM) stock. Of the 924 hedge funds in Insider Monkey’s database, 45 funds held a stake in the precious metals company as of Q4 2021. First Eagle Investment Management is the leading investor in Newmont Corporation (NYSE:NEM), with a stake worth over $1 billion.