Newmont Stock Surged 90%, Here’s Why
Newmont (NEM)’s stock nearly doubled, fueled by a stellar Q3 earnings beat and savvy moves like asset sales and debt upgrades. With revenue climbing 27% and valuation multiples jumping 47%, these strategic shifts set the stage for a breakout—let’s unpack the key drivers behind this surge.
Below is an analytical breakdown of stock movement into key contributing metrics.
| 11202024 | 11202025 | Change | |
|---|---|---|---|
| Stock Price ($) | 42.1 | 82.0 | 94.6% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 16,987.0 | 21,503.0 | 26.6% |
| P/S Multiple | 2.8 | 4.2 | 47.0% |
| Shares Outstanding (Mil) | 1,147.0 | 1,097.0 | 4.4% |
| Cumulative Contribution | 94.2% |
So what is happening here? The stock surged 95%, driven by a 27% revenue increase and a 47% boost in valuation multiple. Let’s dive into the key events behind these powerful shifts.
Here Is Why Newmont Stock Moved
- Q3 2025 Earnings Beat: Reported $1.71 EPS, beating estimates, and record $1.6B free cash flow.
- Gold Price Surge: Gold price increased significantly from ~2635 in late 2024 to ~4072 by Nov 2025.
- Asset Divestitures: Completed non-core asset sales, generating billions in cash proceeds by Oct 2025.
- Shareholder Returns: Consistent $0.25/share dividends & authorized $3B in additional share repurchases.
- Debt Reduction/Upgrade: Retired $2B debt for near-zero position; Moody’s upgraded credit rating to A3.
Our Current Assesment Of NEM Stock
Opinion: We currently find NEM stock attractive. Why so? Have a look at the full story. Read Buy or Sell NEM Stock to see what drives our current opinion.
Risk: A good way to gauge risk for NEM is to check its drops during major market sell-offs. It fell about 56% in the Dot-Com crash and 61% in the Global Financial Crisis. The inflation shock wasn’t far behind, with a 58% dip. Even smaller pullbacks like the 2018 correction and Covid pandemic put it down around 25% or more. So, despite any strong fundamentals, NEM isn’t immune when markets turn sour.
NEM stock may have seen strong gains recently, but investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.