Newmont
NEM
About: Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 17 wholly or majority owned mines and interests in two joint ventures in the Americas, Africa, Australia and Papua New Guinea. The company is expected to sell roughly 5.6 million ounces of gold in 2025 from its core mines after selling six higher-cost, smaller mines. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves along with significant byproduct reserves at the end of December 2024.
Employees: 22,200
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
129% more first-time investments, than exits
New positions opened: 215 | Existing positions closed: 94
29% more capital invested
Capital invested by funds: $37.9B [Q1] → $48.9B (+$11B) [Q2]
26% more repeat investments, than reductions
Existing positions increased: 526 | Existing positions reduced: 417
16% more call options, than puts
Call options by funds: $2.34B | Put options by funds: $2.02B
8% more funds holding
Funds holding: 1,208 [Q1] → 1,308 (+100) [Q2]
5.81% more ownership
Funds ownership: 69.62% [Q1] → 75.44% (+5.81%) [Q2]
9% less funds holding in top 10
Funds holding in top 10: 43 [Q1] → 39 (-4) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
RBC Capital
Josh Wolfson
|
$95
|
Outperform
Upgraded
|
10 Sep 2025 |
Macquarie
Andrew Bowler
|
$72
|
Neutral
Downgraded
|
2 Sep 2025 |
Scotiabank
Tanya Jakusconek
|
$72
|
Sector Perform
Maintained
|
28 Jul 2025 |
Raymond James
Brian MacArthur
|
$69
|
Outperform
Maintained
|
28 Jul 2025 |
CIBC
Anita Soni
|
$74
|
Neutral
Maintained
|
15 Jul 2025 |
Stifel
Ralph Profiti
|
$73
|
Buy
Initiated
|
9 Jul 2025 |
UBS
Daniel Major
|
$68
|
Buy
Maintained
|
3 Jul 2025 |
Financial journalist opinion
Based on 41 articles about NEM published over the past 30 days