Newmont Corporation (NYSE:NEM) is one of the best performing S&P 500 stocks to buy now. On July 28, Scotiabank analyst Tanya Jakusconek raised the firm’s price target on Newmont to $72 from $69, while keeping a Sector Perform rating on the shares.
Newmont Corporation produced 1.5 million ounces of gold and 36,000 tonnes of copper in Q2 2025, keeping it on track to meet its full-year guidance for 2025. Newmont achieved a record quarterly free cash flow of $1.7 billion, with cash flow from operations reaching $2.4 billion.
A mining truck transporting freshly mined gold, the gems glistening in the sun.
The company also reduced its debt by $372 million since the last earnings call. Newmont is on track to generate $3 billion in after-tax cash proceeds from its divestment program for the year. However, production is also expected to decline in H2 of the year at several sites, including Cadia and Penasquito, as the company transitions to new mining areas.
Newmont Corporation (NYSE:NEM) engages in the production and exploration of gold properties. It also explores for copper, silver, zinc, lead, and other metals.
While we acknowledge the potential of NEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.
