Newmont Corporation (NYSE: NEM) is considered one of the best performing S&P 500 stocks to buy now, with Scotiabank raising its price target on the company to $72. In Q2 2025, Newmont produced 1.5 million ounces of gold and 36,000 tonnes of copper, achieving a record quarterly free cash flow of $1.7 billion. The company reduced its debt by $372 million and is on track to generate $3 billion in after-tax cash proceeds from its divestment program. Production is expected to decline in the second half of the year at certain sites as the company transitions to new mining areas.

Read more at Yahoo Finance: Scotiabank Raises Newmont (NEM) PT to $72 Due to Robust Q2 Results