Newmont Mining (NEM) Stock Forecast & Price Target

Newmont is positioned positively in the market, underscored by its strong portfolio, which includes 11 mines and interests in joint ventures across multiple regions, leading to an expected gold production of approximately 5.6 million ounces in 2025 from core mines. The company's strategic acquisitions, including Goldcorp and Newcrest, have enhanced its resource base, securing about two decades of gold reserves along with substantial byproduct reserves. Furthermore, projections indicate sustained free cash flow (FCF) driven by rising investments and increasing production, coupled with anticipated higher gold prices expected to exceed $4,000 per ounce by late 2026.

Newmont's stock has underperformed compared to its peers, presenting a potential concern for investors. The company anticipates selling approximately 5.6 million ounces of gold from its core mines in 2025, but the recent acquisition of Newcrest and the divestment of higher-cost smaller mines may introduce additional operational complexities. Furthermore, a downside scenario suggests that if long-term gold prices fall to $2,500 per ounce, Newmont’s financial stability and growth potential could be adversely affected, posing significant risks to its valuation.