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Newmont (NEM) Climbs to All-Time High Amid Strong Gold Momentum

With a low forward price-to-earnings multiple and significant hedge fund interest, Newmont Corporation (NYSE:NEM) secures a spot on our list of the 12 cheap gold stocks to buy now.

Newmont Corporation (NYSE:NEM), one of the world’s two largest gold producers, alongside Barrick, reached its all-time high of $102.13 on December 12, 2025, before closing at $98.14. This year has been a strong one for the miner, with its shares surging nearly 164% in 2025 alone and over 76% in the past six months.

Amid strong share price momentum, Newmont Corporation (NYSE:NEM) has attracted analyst attention, with roughly 80% of analysts bullish on the stock as of December 12, 2025, projecting a one-year upside of 14.12%. In particular, UBS analyst Levi Spry revisited Newmont Corporation CHESS (Australian listing) on December 12, setting a price target of A$190.00 with a “Buy” rating, according to The Fly.

On December 1, 2025, UBS analyst Daniel Major, who covers the NYSE-listed stock Newmont Corporation (NYSE:NEM), raised the price target from $105.50 to $125.00 while reiterating a “Buy” rating. The update reflects the analyst’s gold outlook, which expects the safe-haven asset to enter 2026 on the bullish note it maintained through 2025. Major attributes this outlook to broad-based demand from the private and official sectors. Acknowledging the overexcitement shown by investors earlier in the year, he stated that their analysis for the next six- to twelve-month period does not indicate  a bear-market setup in 2026.

Newmont Corporation (NYSE:NEM), a global gold producer, has diversified mining and exploration operations across the Americas, Australia, and the Asia-Pacific region, with a growing exposure to copper and other metals.

While we acknowledge the potential of NEM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NEM and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best Small-Cap Biotech Stocks to Buy According to Analysts and 11 Overlooked Tech Stocks to Invest In.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

This prediction might not be bold at all:

A few years from now, you’ll wish you’d owned this stock.

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