Newmont Corporation’s Stock Price Plummets to $50.78, Suffering a 5.93% Drop – Is it a Buy Opportunity?

Newmont Corporation (NEM)

50.78 USD -3.20 (-5.93%) Volume: 19.09M

Newmont Corporation’s stock price stands at 50.78 USD, experiencing a dip of -5.93% in today’s trading session with a volume of 19.09M, despite its impressive YTD growth of +36.43%, marking it as a potentially profitable investment in the long run.

Latest developments on Newmont Corporation

Gold prices took a tumble recently, impacting Newmont Mining stocks along with other mining stocks. This decline comes after a U.S.-China tariff deal was reached, easing tensions. Despite this, Newmont reported strong Q1 earnings, record free cash flow, and effective cost management. The company also signed a contract with Chrysos for a PhotonAssay unit. Additionally, Newmont reduced its stake in Discovery Silver Corp, selling shares worth C$124.7 million. While some analysts have downgraded their rating on Newmont, it remains a top buy for many investors looking for gold stocks to invest in. These developments have contributed to the fluctuations in Newmont’s stock price today.

Newmont Corporation on Smartkarma

Analysts from Baptista Research on Smartkarma have been bullish on Newmont Mining, with recent reports highlighting the company’s solid start to 2025. The quarterly results show strong operational performance and favorable market conditions, including high gold prices. Newmont produced 1.5 million ounces of gold and 35,000 tonnes of copper in the first quarter, in line with annual guidance. Record first-quarter cash flows were reported, with operating cash flows reaching $2 billion and free cash flow at $1.2 billion.

In another report by Baptista Research on Smartkarma, analysts discussed the challenges and opportunities facing Newmont Corporation. The company’s latest financial results and strategic roadmap reveal a focus on integration, rationalization, and stabilization of assets post-acquisitions. In 2024, Newmont underwent significant transformations, concentrating on integrating new assets, streamlining its portfolio, and stabilizing its business amidst evolving demands in the gold market and industry challenges.

A look at Newmont Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Based on the Smartkarma Smart Scores, Newmont Mining seems to have a positive long-term outlook. With high scores in Growth and Momentum, the company appears to be well-positioned for future success. This indicates that Newmont Mining is likely to experience strong growth and upward momentum in the coming years, which could be promising for investors.

In addition, Newmont Mining also scores well in Value, Dividend, and Resilience, further enhancing its overall outlook. The company’s strong performance in these areas suggests that it is a solid investment option with good value, dividend potential, and resilience to market fluctuations. Overall, Newmont Mining‘s diverse operations in various countries and its focus on gold and copper production could contribute to its continued success in the long term.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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