Are Wall Street Analysts Bullish on Newmont Stock?

Core Insights - Newmont Corporation is a leading mining company focused primarily on gold production, with a market capitalization of $94.4 billion and operations across multiple regions including the Americas, Caribbean, Africa, and the Indo-Pacific [1] Performance Overview - Newmont's stock has significantly outperformed the broader market, with a 121.1% increase in 2025 and a 75.4% rise over the past 52 weeks, compared to the S&P 500 Index's 16% year-to-date gains and 17.4% returns over the past year [2] - However, Newmont slightly lagged behind the iShares Global Gold Miners ETF, which saw a 121.2% surge in 2025 and 83.8% returns over the past year [3] Financial Results - In Q3, Newmont reported sales of $5.5 billion, a nearly 20% year-over-year increase, exceeding consensus estimates by 11.1% [4] - The adjusted EPS for Q3 soared 111.1% year-over-year to $1.71, surpassing expectations by 32.6% [4] - The company generated $1.6 billion in free cash flows, marking the fourth consecutive quarter with over $1 billion in free cash flows [4] Production and Market Concerns - Newmont produced 1.4 million gold ounces during the quarter, benefiting from high gold prices [5] - Recent declines in gold prices since October 21 have raised concerns about the sustainability of Newmont's financial performance, with potential impacts on Q4 results [5] Future Expectations - For the full fiscal year 2025, analysts project an adjusted EPS of $5.75, reflecting a 65.2% year-over-year increase [6] - Newmont has a strong earnings surprise history, having exceeded bottom-line estimates in each of the past four quarters [6] - The consensus rating among 21 analysts covering the stock is a "Strong Buy," based on 15 "Strong Buys," two "Moderate Buys," and four "Holds" [6]