What Is Happening With Newmont Stock?
Over the past year, Newmont (NEM)’s stock surged 176%, fueled by soaring revenues and a doubled valuation multiple. Behind this rally: record gold prices, strong Q4 2024 results, and strategic moves like Newcrest integration and debt reduction—key forces reshaping investor confidence.
Below is an analytical breakdown of stock movement into key contributing metrics.
| 2032025 | 2032026 | Change | |
|---|---|---|---|
| Stock Price ($) | 42.4 | 117.1 | 176.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 16,987.0 | 21,503.0 | 26.6% |
| P/S Multiple | 2.9 | 6.0 | 108.7% |
| Shares Outstanding (Mil) | 1,147.0 | 1,097.0 | 4.6% |
| Cumulative Contribution | 176.3% |
So what is happening here? The stock price soared 176%, driven by a 27% revenue increase and a 109% jump in the P/S multiple. Let’s dive into the key events behind these impressive gains.
Here Is Why Newmont Stock Moved
- Record Gold Prices: Gold hit all-time highs over $5,000/oz by early 2026 due to market uncertainty and demand.
- Q4 2024 Strong Results: Reported strong net income and adjusted EPS for Q4 2024, surpassing analyst estimates.
- Newcrest Integration: Successful integration of Newcrest assets cemented Newmont as the world’s largest gold producer.
- Portfolio Streamlining: Divestment of non-core assets generated proceeds and optimized the company’s portfolio.
- Reduced Net Debt: Achieved near-zero net debt in Q3 2025, enhancing financial strength.
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.