Newmont
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 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
2.12% more ownership
Funds ownership: 68.5% [Q3] → 70.63% (+2.12%) [Q4]
7% less funds holding
Funds holding: 1,222 [Q3] → 1,131 (-91) [Q4]
12% less call options, than puts
Call options by funds: $1.28B | Put options by funds: $1.46B
28% less first-time investments, than exits
New positions opened: 174 | Existing positions closed: 242
28% less repeat investments, than reductions
Existing positions increased: 349 | Existing positions reduced: 487
29% less capital invested
Capital invested by funds: $42.1B [Q3] → $29.9B (-$12.2B) [Q4]
52% less funds holding in top 10
Funds holding in top 10: 44 [Q3] → 21 (-23) [Q4]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
UBS Daniel Major 67% 1-year accuracy 10 / 15 met price target | 14%upside $60 | Buy Upgraded | 11 Apr 2025 |
Raymond James Brian MacArthur 59% 1-year accuracy 10 / 17 met price target | 20%upside $63 | Outperform Maintained | 4 Apr 2025 |
RBC Capital Josh Wolfson 100% 1-year accuracy 9 / 9 met price target | 1%downside $52 | Sector Perform Maintained | 4 Apr 2025 |
Financial journalist opinion
Based on 83 articles about NEM published over the past 30 days
