Scotiabank has upgraded Newmont Corporation (NEM) to Sector Outperform from Sector Perform as of October 22, 2025. This change underscores a more favorable outlook on the company's future prospects, suggesting improved fundamentals or enhanced confidence in its strategic direction.
Headquartered in Denver, Colorado, Newmont Corporation is a leader in the metals and mining industry, primarily focused on gold exploration and acquisition. The company operates several key mining projects, including Brucejack, Red Chris, and Penasquito, employing approximately 22,200 full-time staff. As of November 8, 2025, Newmont holds a market capitalization of $91.0 billion, with a P/E ratio of 12.66 and an EPS of 6.43.
Analyst ratings, such as this upgrade, provide insights based on extensive research and financial modeling. However, these assessments hinge on various assumptions that may not always align with actual outcomes. Investors are encouraged to consider a range of factors—including company fundamentals, competitive positioning, and industry trends—when making investment decisions.
Recent analyst actions reflect a generally positive sentiment around Newmont, with a consensus rating of Buy based on 7 Strong Buy, 15 Buy, and 5 Hold ratings from a total of 27 analysts. Upcoming earnings are anticipated on April 20, 2026, with an EPS estimate of $1.79 and revenue projected at $5.8 billion.