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Newmont Stock Soars: Analysts Predict Gold Boom
20 Dec
Summary
- Analysts predict record financial health for gold miners in 2026.
- Newmont's Q3 2025 net income surged 20% quarter-over-quarter.
- Realized gold prices averaged $3,539 per ounce in Q3 2025.
Newmont Corporation (NEM) is drawing significant analyst attention, with both Jefferies and UBS raising their price targets for the company. Jefferies increased its target to $120 from $113, maintaining a Buy rating, anticipating a strategic shift in the metals sector. UBS analyst Daniel Major raised his target to $125 from $105.50, also keeping a Buy rating.
These optimistic outlooks are fueled by projections of a strong year for gold equities in 2026. Analysts expect gold miners to achieve record financial health, characterized by improved margins and a substantial increase in free cash flow. This forecast is supported by the consistent demand for gold from both private and official sectors.
In the third quarter of 2025, Newmont demonstrated robust financial performance, reporting an adjusted net income of $1.9 billion ($1.71 per share). This represented a 20% increase from the prior quarter and more than doubled its year-over-year results. The company benefited from an average realized gold price of $3,539 per ounce, generating $1.6 billion in free cash flow.
