11 Most Undervalued Long Term Stocks to Buy According to Hedge Funds

10. Newmont Corporation (NYSE:NEM)

Forward P/E: ~14x

5-year Revenue Growth: ~14.1%

Number of Hedge Fund Holders: 65

Newmont Corporation (NYSE:NEM) is one of the Most Undervalued Long Term Stocks to Buy According to Hedge Funds. On August 1, Canaccord lifted the price target on the company’s stock to $86 from $85, while keeping a “Buy” rating, as reported by The Fly. The firm updated the model after strong Q2 2025 results, delivering another quarter of healthy production and cost performance with record FCF and AISC margin. Newmont Corporation (NYSE:NEM) produced ~1.5 million attributable gold ounces and generated quarterly FCF of $1.7 billion, underscoring the strength of its portfolio and the disciplined execution of its commitments.

Newmont Corporation (NYSE:NEM)’s FCF rose 42% from the prior quarter, mainly because of an increase in consolidated net cash from operating activities compounded by lower capital investment.

Newmont Corporation (NYSE:NEM) expects to receive over $3.0 billion in after-tax cash proceeds from the divestiture program this year, which includes ~$2.5 billion from divested assets and ~$470 million from the sale of equity shares in Greatland Resources and Discovery Silver. The company maintained a healthy and flexible investment-grade balance sheet, closing the quarter with $6.2 billion in cash and $10.2 billion in total liquidity.

ClearBridge Investments, an investment management company, released its Q2 2025 investor letter. Here is what the fund said:

“Our largest new position during the quarter was Newmont Corporation (NYSE:NEM), a gold and precious metals miner. In addition to adding a level of insulation against further deterioration of the U.S. federal debt situation, as gold prices would likely rally, Newmont’s ability to generate free cash flows has tracked gold prices higher — a fundamental tailwind that has not yet been captured at its current valuation. Newmont has also initiated a strategic plan to return capital to shareholders and pay down its debt.”