We recently published a list of Why These 15 Mining Stocks Are Skyrocketing So Far In 2025. In this article, we are going to take a look at where Newmont Corporation (NYSE:NEM) stands against other mining stocks that are skyrocketing so far in 2025.
The mining sector has been solidly bullish so far this year and investors are scrambling to capitalize. The new tech-driven industrial revolution is requiring all sorts of metals and materials, and even gold has been surging due to it being a safe haven asset for those who aren’t so bullish about the broader market rally.
Plus, mining companies are integrating AI and automation to modernize operations. This could unlock $1.5 trillion in energy transition mineral revenue by 2024.
The stars seem to be aligning for gold producers, lithium explorers, copper miners, and many other companies linked with mining. It is worth looking deeper into these stocks, as some have solid upside potential as they expand operations.
Methodology
For this article, I screened the top-performing mining stocks year-to-date. Stocks that I have covered recently will be excluded from this list.
I will also mention the number of hedge fund investors in these stocks. Why are we interested in the stocks that hedge funds invest in? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A gold mine entry with a conveyor belt transporting minerals from the depths of a shaft.
Newmont Corporation (NYSE:NEM)
Number of Hedge Fund Holders In Q3 2024: 63
Newmont Corporation (NYSE:NEM) is the world’s largest producer of gold. Gold prices are up significantly year-to-date, so that has been a natural tailwind.
Newmont (NYSE:NEM) produced 2.1 million gold equivalent ounces and reported $760 million in Q3 2024 FCF. The stock is up sharply so far this year as it has been selling some higher-cost, non-core assets and shifting its focus to Tier 1 operations.
It sold Porcupine at $425 million, Musselwhite at $850 million, and Éléonore at $795 million. In addition, it redeemed $927.8 million in 5.3% notes due 2026 early. This is part of a $1.4 billion debt reduction effort.
The consensus price target of $53.44 implies 23.98% upside.
NEM stock is up 15.85% year-to-date.
Overall, NEM ranks 10th on our list of mining stocks that are skyrocketing so far in 2025. While we acknowledge the potential of NEM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame.If you are looking for an AI stock that is more promising than NEM but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap
Disclosure: None. This article is originally published at Insider Monkey.
