Newmont Stock Skyrockets as Gold Rally Hits Record Highs – Will the Boom Continue?
Newmont shares surged to around $93.50 on Oct. 16, up 60% in six months and near a 52-week high. Q2 2025 EPS beat estimates at $1.43, with revenue up 20.8% year-over-year. Analysts remain bullish, with Bank of America raising its price target to $115. Gold prices have soared past $4,200/oz amid rising safe-haven demand and expectations of a Fed rate cut.
