Key Stats for Newmont Stock
- Price Change: +4.2%
- Current Price: $119
- Advanced Model Price Target: $153
Gold is hitting record highs. See what NEM is worth today on TIKR (It’s free) →
What Happened?
Shares of Newmont Corporation (NEM) climbed over 4% on Tuesday, closing at $119.
The “Fear Trade” is back in full force as investors dump technology stocks to buy gold amidst escalating geopolitical tensions in Greenland.
With bullion prices surging past $4,800/oz, capital is rotating aggressively into the world’s largest gold miner as a safe haven.
This shift has also lifted major peers like Barrick Gold (GOLD), as the market prices in a prolonged period of global instability.
Is Newmont Undervalued Today?
While the macro environment provides a tailwind, TIKR’s data suggests Newmont’s internal execution is the real story.
In the Q3 earnings call, incoming CEO Natascha Viljoen highlighted a pivotal operational milestone.
She confirmed that the massive Ahafo North project in Ghana has officially “poured first gold”, keeping the company on track for commercial production.
Financially, the company is capitalizing on the rally, generating a record $1.6 billion in free cash flow this quarter.
According to TIKR’s Advanced Valuation Model, the stock hasn’t fully priced in this cash generation.
- Advanced Model Price Target: $153
- Current Price: $119
- Potential Upside: +28.8%
The model assumes Newmont can maintain a 9.0% revenue CAGR through 2030 as it leverages its improved cost structure.
Conclusion: As tech stumbles, Newmont offers a Double Hedge: protection against volatility and significant upside from its own growth projects.
See the full NEM forecast on TIKR >>>
How Much Upside Does Newmont Stock Have From Here?
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Disclaimer:
Please note that the articles on TIKR are not intended to serve as investment or financial advice from TIKR or our content team, nor are they recommendations to buy or sell any stocks. We create our content based on TIKR Terminal’s investment data and analysts’ estimates. Our analysis might not include recent company news or important updates. TIKR has no position in any stocks mentioned. Thank you for reading, and happy investing!
