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This Gold Miner Just Breached All Time Highs

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Newmont (NEM - Free Report) has shown notably strong momentum in 2025, gaining nearly 130% and widely outperforming on the back of strong quarterly results.

Shares have recently made a fresh all-time high, further reinforcing the positive momentum. For those interested in the positivity, let’s take a closer look at how the company currently stacks up.

Gold Prices Surge

Newmont, one of the world's largest producers of gold, has benefited significantly from the rise in gold. The favorable operating environment has led analysts to revise their EPS expectations notably higher across the board, a bullish sign concerning near-term share performance.

Zacks Investment Research
Image Source: Zacks Investment Research

The average gold price per oz reached $3,320 throughout Newmont’s latest period, melting higher from the $2,347 mark in the same period last year. Free cash flow of $1.7 billion throughout the period was the company’s highest read ever.

As shown below, the company’s cash-generating abilities have been a notable boost over recent periods. The amplified cash-generating abilities bring about many positives, such as increased dividends and buybacks.

Zacks Investment Research
Image Source: Zacks Investment Research

And speaking of buybacks, NEM announced an additional $3 billion repurchase program following the above-mentioned release, further adding to the positivity.

Bottom Line

A favorable operating environment has led to Newmont’s (NEM - Free Report) share surge, benefiting in a big way from elevated gold prices. Its amplified cash-generating abilities have brought many positives, including buybacks.


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