RBC Capital has upgraded Newmont Corporation (NEM) to Outperform from Sector Perform, signaling a more favorable outlook for the gold mining giant. The upgrade, effective September 9, 2025, comes as Newmont's current share price stands at $82.86.
This decision underscores an enhanced confidence in Newmont's fundamentals and strategic direction, which may be bolstered by better-than-expected business performance. With a market capitalization of $90.5 billion, Newmont operates in the metals and mining industry, focusing on the exploration and acquisition of gold properties, as well as other metals like copper and silver.
Newmont's recent earnings performance has shown promise, with the company reporting an earnings per share (EPS) of $1.71 for Q3 2025, exceeding estimates by 18.3%. Looking ahead, analysts anticipate earnings of $1.88 per share on revenue of $5.9 billion for the upcoming earnings report scheduled for July 22, 2026.
As of November 1, 2025, the analyst consensus for Newmont stands at 7 Strong Buy, 15 Buy, and 5 Hold ratings, reflecting a general optimism about the company's future prospects. Analyst ratings and price targets are based on extensive research and financial models, providing a professional perspective on potential investment opportunities.
Investors should consider these insights alongside various factors such as company fundamentals, competitive positioning, and industry trends when making decisions. Analyst views can change as new information becomes available, highlighting the importance of a comprehensive approach to investment decisions.