Jefferies Maintains a Buy on ​Newmont Corporation (NEM), Here’s What You Need to Know

Group 1: Company Performance - Newmont Corporation reported strong fiscal Q3 2025 results with revenue of $5.52 billion, a 19.96% year-over-year increase, exceeding estimates by $251.31 million [4] - The company achieved an EPS of $1.71, surpassing estimates by $0.27 [4] - Newmont produced 1.4 million gold ounces and 35 thousand tons of copper during the quarter, leading to an increase in full-year gold production guidance from 5.6 million ounces to 5.9 million ounces [4] Group 2: Analyst Ratings and Price Targets - Fahad Tariq from Jefferies reiterated a Buy rating on Newmont with a price target of $120 [1] - Daniel Major from UBS raised the price target from $105.5 to $125 while maintaining a Buy rating [1] Group 3: Market Outlook - Analysts remain bullish on gold equities due to attractive valuations, with expectations for elevated gold prices in 2026, which could enhance free cash flow and margins for gold equities [2] - Continued demand from central banks and private sector is anticipated to drive gold prices higher in 2026 [3]