Newmont Corporation’s Stocks Surge Amid Strong Q1 2025 Results

Denver-based Newmont Corporation (NEM), a leading gold mining company, focuses on the exploration and production of gold and various minerals, including copper, silver, lead, and zinc. The company currently holds a market capitalization of $57.4 billion and operates primarily in the Americas, Australia, and Africa.

Over the last year, Newmont’s shares have significantly outperformed the broader market. NEM’s stock has surged by 30.5% during this period, while the S&P 500 Index ($SPX) has only gained 10.2%. Furthermore, NEM shares have increased by 42.5% year-to-date, contrasting sharply with the S&P 500’s decline of 3.9%.

However, a closer examination reveals that Newmont has lagged behind the industry-focused iShares MSCI Global Gold Miners ETF (RING), which has recorded a 51.6% rise over the past year and a 45% year-to-date return.

On April 23, following the announcement of its strong Q1 2025 results, Newmont’s stock prices climbed 4.8%. The company reported $5 billion in sales, a 24.5% increase year-over-year, and is on track to meet its 2025 guidance. The results for the first quarter align with the outlook provided in February. Adjusted earnings per share (EPS) stood at $1.25, marking a 127.3% rise from the previous year’s quarter and surpassing analyst expectations by 48.8%.

For the fiscal year ending December 2025, analysts project that NEM’s adjusted EPS will rise nearly 16.7% year-over-year to $4.06. Newmont’s earnings surprise history is varied; the company beat consensus estimates in three of the last four quarters, missing one time.

Among the 20 analysts covering the stock, the consensus rating is a “Moderate Buy,” based on 12 “Strong Buy” ratings, one “Moderate Buy,” six “Holds,” and one “Moderate Sell.”

This outlook is somewhat more positive than a month ago, which showed nine “Strong Buy” ratings for the stock. On April 11, UBS analyst Daniel Major raised Newmont’s price target to $60 and upgraded the stock to a “Buy” rating.

As of this writing, Newmont’s average price target stands at $62.51, suggesting a potential upside of 17.9% from current levels. In contrast, the highest target of $75 indicates a significant upside of 41.4%.

On the date of publication, Aditya Sarawgi did not hold positions in any of the securities mentioned in this article. All information and data in this article is for informational purposes only. For further information, please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.