The
Newmont Corporation (NEM) has demonstrated consistent growth this year, with an astonishing increase of more than
117% Year-To-Date (YTD). The company has also notably broken out above both the 50-day and 20-day moving averages indicating
positive momentum. The firm’s stock has gained 8.4% following a successful Q3 earnings announcement, driven by robust gold prices. Newmont's rating was also upgraded to a 'buy'. Q3 of 2025 brought record cash flow and strategic
debt reduction for the company. Newmont has notably begun commercial production at its
Ahafo North site in Ghana, attracting increased investor attention. Forecasts for the company's stock suggest continued growth into 2027. The firm is readying for a $100M payment from Zijin Mining Group, increasing its value proposition. However, Q3 also saw a 15% dip in production, causing stock to fall briefly. The Bank of America raised its price target on Newmont to $115, maintaining a buy rating. With 77% of the company being institutionally owned, the corporation appears to be a favourite among institutional owners.
Natascha Viljoen is promoted to President and Chief Operating Officer, bringing a welcome boost to the company's management team. Investors should note that Newmont Corporation has reduced its global workforce by approximately 16% recently. Despite some recent struggle, it is often outpacing general market gains, keeping it on the radar for many investors.
Newmont Corporation NEM News Analytics from Fri, 02 May 2025 07:00:00 GMT to Sat, 29 Nov 2025 07:07:00 GMT -
Rating 7
- Innovation 6
- Information 8
- Rumor -4
