Why These 15 Mining Stocks Are Skyrocketing So Far In 2025

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10. Newmont Corp (NYSE:NEM)

Number of Hedge Fund Holders In Q3 2024: 63

Newmont Corp (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 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.

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