Newmont Corporation (NYSE:NEM) is included among the 20 Best Performing Dividend Stocks in 2025.
Photo by nathan dumlao on Unsplash
On December 29, Raymond James raised its price target on Newmont Corporation to $111 from $99 and kept an Outperform rating. The move followed updated forecasts for fourth-quarter gold prices.
Newmont’s stock has climbed 167% year to date, driven largely by the sharp rise in gold. As uncertainty around the global economy and interest rates has grown, investors have leaned into safe-haven assets. Gold prices pushed to record highs, and Newmont has been one of the clearest beneficiaries of that shift.
Outlooks for next year point to continued momentum. According to S&P Global, Visible Alpha consensus estimates show Newmont Corporation’s revenue rising 17% in 2025 to $21.8 billion, extending the recovery that began last year. Gold remains the main driver. Sales from the metal are expected to increase 19% to $18.8 billion, supported by a 43% jump in the average realized gold price to $3,432 per ounce.
Newmont Corporation is the world’s largest gold producer, with operations that also generate copper, silver, zinc, and lead. Alongside scale, the company emphasizes responsible and sustainable exploration, mining, and processing across its portfolio.
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