BofA Raises PT on Newmont (NEM) Stock
Bob Karr
Tue, December 9, 2025 at 11:19 AM EST
2 min read
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Newmont Corporation (NYSE:NEM) is one of the Most Undervalued Stocks to Buy Right Now. On November 24, BofA analyst Lawson Winder lifted the price target on the company’s stock to $118 from $115, while keeping a “Buy” rating, as reported by The Fly. The analyst highlighted that the firm has been refreshing its price forecasts for North American Metals & Mining stocks that are under its coverage.
As per the firm, the macro backdrop remains challenging because of China’s slowing commodity demand. However, the analyst noted that this might get offset by a rebound in demand in the US and Europe.
In a different development, in Q3 2025, Newmont Corporation (NYSE:NEM) stated that attributable gold production fell 4% to 1,421 thousand ounces compared to the prior quarter due to the reduced gold grades and planned shutdowns at Peñasquito and Lihir, and the end of mining operations at the Subika open pit at Ahafo South in July.
Notably, these decreases were partially mitigated by higher production at Brucejack, Cerro Negro, and Yanacocha. In Q3 2025, Newmont Corporation (NYSE:NEM) saw sales of $5,524 million compared to $4,605 million in Q3 2024, with gold sales increasing to $4,669 million from $3,945 million.
Newmont Corporation (NYSE:NEM)’s net income was $1.8 billion or $1.67 per diluted share, reflecting a decline of $229 million compared to the previous quarter. This fall was mainly because of a gain on the sale of assets held for sale of $99 million compared to a gain of $699 million in the previous quarter.
Newmont Corporation (NYSE:NEM) is engaged in the production and exploration of gold properties.
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Disclosure: None. This article is originally published at Insider Monkey.
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