NEM posts record $1.7B Q2 free cash flow, but looming headwinds raise questions about sustaining the momentum.
Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, ETR:NMM) delivered a very strong quarter, according to analysts at Jefferies who raised their price target on the stock citing beats across production, earnings and free cash flow. The analysts raised their price target to $73 from $68, implying upside of 19% from current levels.
Newmont (NEM) shares jumped Friday after the gold mining giant posted quarterly earnings that topped expectations, with a boost from soaring gold prices. It also announced a new share repurchase program.
NEM beats Q2 estimates with higher gold prices, driving a 21% revenue jump and nearly doubling adjusted EPS.
The outlook remains bullish as Newmont capitalizes on record gold prices and robust demand amid ongoing global uncertainty. Q2 earnings beat expectations with strong revenue and EPS growth, driven by high gold prices and disciplined cost management. Valuation remains attractive, with forward P/E ratios well below sector averages and consensus price targets offering solid upside.
Newmont Corporation (NYSE:NEM ) Q2 2025 Earnings Conference Call July 24, 2025 5:30 PM ET Company Participants Natascha Viljoen - President & COO Thomas Ronald Palmer - CEO & Director Conference Call Participants Anita Soni - CIBC Capital Markets, Research Division Daniel Morgan - Barrenjoey Markets Pty Limited, Research Division Daniel Edward Major - UBS Investment Bank, Research Division Fahad Tariq - Jefferies LLC, Research Division Hugo Nicolaci - Goldman Sachs Group, Inc., Research Division Joshua Mark Wolfson - RBC Capital Markets, Research Division Lawson Winder - BofA Securities, Research Division Matthew Murphy - BMO Capital Markets Equity Research Tanya M. Jakusconek - Scotiabank Global Banking and Markets, Research Division Operator Hello, and welcome to Newmont's Second Quarter 2025 Earnings Conference Call.
The headline numbers for Newmont (NEM) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Newmont Corporation (NEM) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.72 per share a year ago.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Barrick and Newmont ramp up growth projects as elevated gold prices reshape the mining investment landscape.
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NEM is expected to have benefited from higher gold prices amid cost headwinds in the second quarter.