Is Newmont Stock Still a Buy After a 26% Rally in 3 Months? (Revised)
View original at nasdaq.comIs Newmont Stock Still a Buy After a 26% Rally in 3 Months? (Revised) Newmont Corporation’s NEM shares have popped 26.2% in the past three months, buoyed by a surge in gold prices to record highs amid heightened geopolitical tensions and hopes of more interest rate cuts…
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Ahafo North production is expected to be 50,000 ounces this year, with a ramp-up to full capacity in 2026
80% confidenceFor the fourth quarter, the company expects attributable production to be relatively in line with the third quarter
80% confidenceNewmont anticipates maintaining its expected gold production for 2025 at about 5.9 million ounces
80% confidenceEarnings are expected to grow roughly 15.4% in 2026
80% confidenceCompany anticipates generating $3 billion in after-tax cash proceeds from its 2025 divestiture program
80% confidenceAhafo North is expected to produce between 275,000 and 325,000 ounces of gold annually over an estimated mine life of 13 years
80% confidenceNEM expects fourth-quarter production of 1.415 million ounces, indicating a roughly 25% year-over-year decline
80% confidenceRetaining this Zacks Rank #3 (Hold) stock will be prudent for investors who already own it
80% confidenceThe Zacks Consensus Estimate for 2025 earnings is currently pegged at $6.32, suggesting year-over-year growth of 81.6%
80% confidence
