10 Best Metal Stocks to Buy According to Billionaires

3. Newmont Corporation (NYSE:NEM)

Number of Billionaires: 13

Newmont Corporation (NYSE:NEM) stands as the world’s leading gold producer and a significant miner of copper, silver, zinc, and lead. With operations spanning North America, South America, Australia, and Africa, Newmont boasts a diversified portfolio anchored in favorable mining jurisdictions. The company’s commitment to sustainable and responsible mining has earned it recognition as the top gold miner in the Dow Jones Sustainability Index for nine consecutive years.

In March 2025, the company completed the sale of its Musselwhite, Éléonore, and Cripple Creek & Victor (CC&V) mines, with plans to finalize the divestiture of its Akyem operation in Ghana and the Porcupine operation in Canada during the first half of the year. These transactions are expected to generate up to $4.3 billion in gross proceeds, enhancing Newmont’s financial flexibility.

Newmont Corporation (NYSE:NEM) reported a robust adjusted EBITDA of $62 million in the first quarter of 2025, marking an all-time high. The company subsequently raised its full-year adjusted EBITDA guidance to between $250 million and $270 million, up from the prior range of $180 million to $200 million. This performance was driven by a 24% year-over-year revenue increase to $635 million, reflecting strong operational execution. Additionally, Newmont Corporation (NYSE:NEM) expanded its monthly transacting users to 38 million during the quarter, up from 33 million a year earlier.

Analysts maintain a consensus “Buy” rating on Newmont Corporation (NYSE:NEM), with a one-year median price target suggesting a 32% upside from current levels as of March 28, 2025. The stock recently closed at $48.39, outperforming major indices on that trading day.