From Yahoo Finance: 2025-04-24 18:16:00

Newmont (NYSE: NEM) benefits from high gold prices, reporting $5.01 billion in revenue for the first quarter, up from $4.02 billion last year. Non-GAAP net income more than doubled to over $1.4 billion. Despite a 19% decrease in gold production, the company remains on track to meet 2025 production guidance of 5.9 million ounces.

Shares of Newmont rose nearly 5% on Thursday, outperforming the S&P 500. The company completed divestment of several projects, with sales exceeding $2.5 billion. Despite the drop in production, Newmont remains focused on meeting its future gold production targets and forecasts $525 million in exploration and project costs for the year.

For investors looking to capitalize on high gold prices, Newmont is a solid choice. However, analysts have identified 10 other stocks with potential for significant returns, excluding Newmont. The Motley Fool Stock Advisor has a track record of outperforming the S&P 500, with a total average return of 829%.

Consider the top 10 stocks identified by the Motley Fool Stock Advisor team for potential high returns. Past recommendations like Netflix and Nvidia have yielded significant profits for investors. Don’t miss out on the latest recommendations and opportunities for growth in your investment portfolio.

Read more: Why Newmont Stock Rocked the Market Today