Newmont Corporation (NEM) Stock Outlook: Analyst Upgrades, Gold Supercycle and 2026 Forecasts as of December 7, 2025
Newmont Corporation, 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