Newmont Corporation (NEM) Stock Outlook: Analyst Upgrades, Gold Supercycle and 2026 Forecasts as of December 7, 2025
Newmont Corporation (NYSE: NEM), the world’s largest gold producer, heads into year‑end 2025 riding one of the strongest rallies in its modern history. The stock now trades just under $90 a share, after gaining roughly 135–145% year to date, dramatically outperforming both the broader market and most peers.Trefis+1 Behind that surge is a rare combination of record gold prices near $4,300 per ounce, aggressive cost-cutting after the Newcrest acquisition, and a step-change in free cash flow that has turned Newmont into one of the key ways to play the current “gold supercycle.”Newmont Corporation+3Barron’s+3Reuters+3 At the same time, the rally has