Newmont Corporation (NEM) shares have increased by 39.2% over the past six months, outpacing the Zacks Mining – Gold industry’s rise of 38.5% and the S&P 500’s 3.9% gain. As of April 22, 2025, gold prices reached a record high of $3,500 per ounce, driven by geopolitical uncertainties and aggressive trade policies. Current gold prices hover above $3,300 per ounce.
Newmont’s liquidity stood at $8.8 billion at the end of Q1 2025, including approximately $4.7 billion in cash. The company achieved a record free cash flow of $1.2 billion during the same quarter and anticipates generating $3 billion in after-tax cash proceeds from its 2025 divestiture program. Notable projects include the Tanami Expansion 2 in Australia and the Ahafo North expansion in Ghana, expected to enhance production capacity.
The Zacks Consensus Estimate for Newmont’s 2025 earnings is currently $4.57, reflecting a year-over-year growth of 31.3%. The company’s dividend yield is 1.7%, with a payout ratio of 24%. Analysts have raised earnings estimates in recent months, solidifying Newmont’s position as a strong investment candidate in the current gold market.
