11 Best Mineral Stocks to Invest In

2. Newmont Corporation (NYSE:NEM)

Newmont Corporation (NYSE:NEM) ranks among the best mineral stocks to invest in. On March 4, JPMorgan began coverage of Newmont Corporation (NYSE:NEM) with an Overweight rating along with a price target of A$226, up from A$201. According to the firm, Newmont Corporation (NYSE:NEM) can produce 5.3 million ounces in fiscal 2026 and almost 6 million ounces in fiscal 2029 at a compound annual growth rate of 5%.

JPMorgan lifted its long-term real gold price projection by 15% to $4,600 per ounce and boosted its gold price estimates for fiscal years 2026, 2027, and 2028 by roughly 10%. In that regard, the firm believes that Newmont Corporation (NYSE:NEM) will have approximately $8 billion in net cash through fiscal 2026.

The firm also expects average medium-term free cash flow yields of around 11%, which it says will sustain growth and capital returns.

Newmont Corporation (NYSE:NEM), headquartered in Denver, Colorado, is a key player in gold mining. The company’s broad portfolio comprises world-class gold and copper assets in North and South America, Australia, and Africa.