Newmont Corporation (NEM) is a Denver-based mining company focused on gold, copper, silver, zinc, and lead. With a $94.4 billion market cap, its operations span the Americas, Caribbean, Africa, and the Indo-Pacific. Analysts anticipate a profit of $1.27 per share in their upcoming Q3 report, a 56.8% increase year-over-year.

For fiscal 2025, analysts project NEM to deliver an EPS of $5.48, a 57.5% growth from 2024. However, in fiscal 2026, earnings are expected to rise by 3.1% to $5.65 per share. The stock price has surged by 60.1% over the past year, outperforming major indices.

Newmont’s stock soared 6.9% after releasing impressive Q2 results, including a record quarterly free cash flow of $1.7 billion. The company produced approximately 1.5 million gold ounces in Q2, with a 20.8% increase in revenue reaching $5.3 billion. Analysts maintain a “Moderate Buy” rating with a consensus above the mean price target of $79.20.

Read more at Yahoo Finance: What To Expect From Newmont’s Report