Newmont Corporation, a mining company based in Denver, Colorado, with a market cap of $94.4 billion, has seen its stock soar 121.1% in 2025 and 75.4% over the past year, outperforming the S&P 500 Index. Despite a 6.2% drop in stock prices following the release of its Q3 results, Newmont reported a 20% increase in sales to $5.5 billion and adjusted EPS of $1.71, beating estimates. Analysts expect an adjusted EPS of $5.75 for the full fiscal 2025. The consensus rating among 21 analysts covering the stock is a “Strong Buy.”

UBS analyst Daniel Major raised Newmont’s price target to $105.50, with a mean price target of $101.98 suggesting a 23.9% upside potential. The street-high target of $120 represents a 45.8% premium to current price levels.

Read more at Barchart: Are Wall Street Analysts Bullish on Newmont Stock?