Newmont NEM Stock Before Market Open on Dec 22 2025: Latest News, Forecasts, Analyst Targets, and Key Levels to Watch

Timing note: This briefing is written for the next U.S. stock-market session that begins Monday, December 22, 2025 (9:30 a.m. ET). If you’re reading later in the day, treat it as a “what matters next” guide for the following session.

Newmont Corporation (NYSE: NEM) heads into the open after a strong finish to last week, with the stock closing $101.29 on the latest session shown in market data, after a sizable one-day move and heavy trading volume. ^[1]

Below is what investors and traders typically focus on right before the bell: the headline drivers, the company’s most recent guidance and balance-sheet updates, where analysts see the stock going, and the technical/positioning signals that can amplify moves—especially in a holiday-shortened week.

Newmont stock snapshot heading into the open

Latest close:$101.29 (recent close)
Near-term context: Newmont ended the week just under a recent 52-week high near $102.13 and saw trading volume spike well above its recent average, signaling elevated attention into the new week. ^[2]

Why that matters: When a mega-cap miner pushes into fresh highs, price action can become more sensitive to:

precious-metals moves (gold/silver),
rates and the U.S. dollar,
and any incremental company catalysts (portfolio actions, guidance reiterations, leadership updates).

The big macro driver right now: gold and silver momentum

Gold and silver have been hitting record levels in recent sessions, which has helped fuel broad strength across precious-metals miners. Market commentary late Sunday highlighted new record highs in gold and silver futures, with investors linking the move to expectations around future Fed rate cuts. ^[3]

For a longer-dated “macro roadmap,” Goldman Sachs recently projected gold could reach $4,900/oz by December 2026 (with central bank demand and potential Fed cuts cited as key supports). ^[4]

Why this is important for Newmont:
Newmont’s earnings and free cash flow can be highly leveraged to realized gold prices. In Newmont’s Q3 2025 disclosures, the company reported a sharply higher realized gold price trend through 2025 compared with 2024. ^[5]

Fresh company news to know: Newmont’s Fuerte Metals share sale

One of the most recent Newmont-specific headlines is a secondary transaction involving Fuerte Metals.

Newmont (through a subsidiary) disclosed agreements to sell 6,773,641 common shares of Fuerte at CAD $4.35 per share, for gross proceeds of about CAD $29.5 million, and said the transaction was expected to close within about a week (subject to customary conditions). ^[6]

The company also said its beneficial ownership in Fuerte would drop from roughly 24% to about 19.5% after the sale, while indicating it intended to retain the remaining stake at around the post-transaction level (while reserving flexibility to adjust holdings in the future). ^[7]

How to think about it before the open:

This isn’t a “core mine” headline, but it fits Newmont’s broader pattern of portfolio simplification and capital discipline.
It’s also a reminder that Newmont continues to actively manage equity holdings alongside operational assets.

The fundamentals: what Newmont last told investors about performance, cash flow, and capital returns

Q3 2025 performance highlights

In its third-quarter 2025 release, Newmont reported:

Net income of $1.8 billion and adjusted net income of $1.9 billion
Adjusted EBITDA of $3.3 billion
1.4 million gold ounces produced (plus copper production from core managed operations) ^[8]

Just as importantly for stockholders, Newmont highlighted record free cash flow and significant capital returns, alongside continued balance-sheet strengthening. ^[9]

Balance sheet and liquidity

Newmont said it reduced debt by $2.0 billion (including via a debt tender offer), ended the quarter with $5.6 billion of cash, and reported $9.6 billion of total liquidity, describing a near-zero net debt position. ^[10]

Separately, Newmont announced earlier in 2025 that Moody’s upgraded its issuer credit rating to A3 (stable outlook), pointing to a strengthened balance sheet and liquidity profile. ^[11]

Dividend: payment day lands on Dec 22

Newmont’s board declared a $0.25 per share dividend for Q3 2025, payable December 22, 2025, to holders of record as of November 26, 2025. ^[12]

Trading takeaway: the ex-dividend date is what typically drives the mechanical price adjustment—while the pay date is still relevant for cash flow and shareholder-return narratives.

Buybacks: still a key part of the story

Newmont reported it had executed and settled $3.3 billion of share repurchases, with $2.7 billion remaining under previously authorized programs (as of its Q3 filing period). ^[13]

Guidance and near-term operating setup: production and costs into year-end

From Newmont’s own “Fourth Quarter and 2025 Guidance” section (as of Oct. 23, 2025), key figures investors often reference include:

2025 attributable gold production (Core Portfolio): 5.6 Moz
2025 total attributable gold production (including non-core): 5.9 Moz
Gold co-product AISC (all-in sustaining costs): $1,630/oz for 2025
Q4 2025 Gold co-product AISC: $1,670/oz ^[14]

Newmont also said it made “significant progress” on cost savings initiatives, improving guidance for some cost metrics and shifting some capital timing, while noting that a stronger gold-price environment can come with offsets like higher royalties and profit-sharing costs. ^[15]

What to watch before the open: any fresh commentary about realized prices, costs, or operational ramp-ups can matter more when the stock is near highs.

New capacity coming online: Ahafo North commercial production

Newmont announced commercial production at Ahafo North in Ghana, calling it a meaningful milestone.

The company said Ahafo North was expected to produce about 50,000 ounces of gold in 2025, ramping through 2026, and positioned the asset to deliver ~275,000 to 325,000 ounces annually over a 13-year mine life (over the next five years in the company’s framing). ^[16]

For investors, this is important because it connects directly to the “volume side” of the margin equation—not just price.

Leadership transition: a major “soft catalyst” into 2026

Newmont has a high-profile leadership shift approaching:

CEO Tom Palmer is set to step down on December 31, 2025.
Natascha Viljoen will become President and CEO on January 1, 2026, and will join the board.
Palmer is expected to serve as a strategic advisor until March 31, 2026. ^[17]

Reuters also highlighted the transition in the broader context of leadership changes among major gold producers. ^[18]

Why it matters for the stock: leadership transitions can be catalysts for:

sharper portfolio actions (more divestitures, more reinvestment, or tighter capital returns),
operational execution priorities,
and messaging around what “Tier 1” focus means in practice.

Wall Street forecasts: revenue, production, and what consensus expects next

A high-signal datapoint comes from Visible Alpha consensus as summarized by S&P Global Market Intelligence:

2025 revenue expected around $21.8 billion (+17% YoY in that consensus view)
gold sales forecast $18.8 billion
average realized gold price forecast about $3,432/oz
but gold output forecast to decline ~16% to 5.86 Moz, reflecting portfolio reshaping and volume trade-offs ^[19]

That “higher prices vs. lower volumes” mix is a central tension for miners in a restructuring phase—and it’s one reason the market can swing between “cash-flow story” and “production story” depending on where metals prices go next.

Analyst price targets and recent upgrades: what’s changed in December

Analyst sentiment has been leaning constructive in recent weeks as metals prices surged:

A Nasdaq.com analysis cited a $120 target from Jefferies’ Fahad Tariq and an increase at UBS (Daniel Major) from $105.50 to $125 earlier in December. ^[20]
MarketBeat also reported a target increase to $120 at National Bankshares, while noting a “Buy”-leaning consensus across a broader analyst set. ^[21]

How to use this before the open:

When the stock is already trading around $101 and brushing new highs, the “easy” upside from multiple expansion may be smaller.
But target hikes often reinforce the idea that analysts expect higher margins and cash flows if gold stays elevated. ^[22]

Technical setup: momentum is strong, but watch the “crowded trade” risk

Several technical aggregators currently flag bullish signals:

Investing.com’s daily technical read showed “Strong Buy” positioning with a 14-day RSI around 61 (often interpreted as bullish momentum that is not yet extreme). ^[23]
TipRanks’ technical snapshot showed RSI in the mid-60s and highlighted that the stock price was above multiple moving averages (short and long duration), which many trend-followers read as supportive. ^[24]

Separately, market commentary noted Newmont pushing through key resistance/buy points as metals rallied, reinforcing the “momentum trade” narrative around gold miners. ^[25]

Practical levels traders often watch into the bell:

$100 as a psychological pivot (round-number behavior can matter near highs).
The high-$90s zone (often referenced as prior breakout territory in momentum commentary).
The recent high area just above $102 (a break above can trigger trend-following flows; failure can trigger profit-taking). ^[26]

Positioning check: short interest and options-implied volatility

Short interest (not extreme): Market data aggregated by MarketBeat showed short interest around 22.29 million shares, about 2.04% of float, with roughly 2.4 days to cover (as of the late-November reporting date). ^[27]

Options market (volatility elevated but not panic-level): OptionCharts data pegged implied volatility around 41.53% with an IV rank around the low-40s (as of Dec. 19). ^[28]

Why these matter before the open: if gold/silver gap higher (or lower) overnight, a moderate IV backdrop can still translate into sharp stock moves—especially when liquidity thins around holidays.

Calendar and market structure: holiday-week conditions can exaggerate moves

This is a holiday-shortened week in U.S. equities:

The NYSE schedule notes an early close at 1:00 p.m. ET on Wednesday, Dec. 24, 2025, and markets are closed on Thursday, Dec. 25. ^[29]

Why this matters for NEM:
In thin, pre-holiday markets, macro-driven names (like gold miners) can see “bigger-than-usual” swings if metals prices move quickly.

What to watch before the bell: a quick checklist for Newmont stock

Gold and silver futures direction
If the record-setting momentum continues, miners can “catch up” fast at the open. ^[30]
Any update on the Fuerte transaction closing
Newmont said the sale was expected to close within about a week from the Dec. 18 disclosure—timing that overlaps with the holiday period. ^[31]
Leadership-transition headlines
With a CEO change set for Jan. 1, even small commentary can get amplified. ^[32]
Follow-through above recent highs or a fade back below $100
Near-high setups can be “two-way”: either breakout continuation or profit-taking.
Any signs of “risk-off” in broader equities
Gold miners can sometimes benefit from risk-off (safe-haven bid), but they can also get hit by broad de-risking if liquidity dries up.

Bottom line for Dec. 22: the bull case and the bear case

Bull case into the open

Gold/silver strength remains the dominant tailwind. ^[33]
Newmont’s own guidance and Q3 results emphasize strong cash generation, buybacks, and a fortified balance sheet. ^[34]
Analyst targets have been moving higher into December. ^[35]

Bear case into the open

After a massive 2025 run, the stock is vulnerable to profit-taking—especially if gold pulls back even modestly.
Higher gold prices can increase royalties and profit-sharing costs, which Newmont itself flagged as an offset to some cost improvements. ^[36]
Forecasts that include production declines (even alongside revenue growth) can become a focal point if the market narrative shifts from “price leverage” to “volume durability.” ^[37]