Analysts Lift Price Targets on Newmont as Gold Surges and Q2 Impresses

Newmont Corporation (NYSE:NEM) is one of the best commodity stocks to buy. On July 28, 2025, Raymond James reiterated its “Outperform” rating on Newmont Corporation (NYSE: NEM) and raised its price target to $69 from $67, signaling confidence in the company’s near-term prospects.

On the same day, CIBC analyst Anita Soni maintained a Neutral (Hold) rating while lifting the target from $60 to $74, reflecting expectations for potential upside. Both moves highlight analysts’ recognition of Newmont’s operational momentum and its strong leverage to gold prices.

These ratings came amidst Newmont’s stellar second quarter, where the company crushed expectations by earning $1.43 per share, beating the forecast of roughly $1.18; revenue surged, buoyed by stronger gold prices averaging over $3,320 an ounce.

Headquartered in Denver, Colorado, Newmont is the world’s leading gold miner, with diversified assets spanning North and South America, Africa, and Australia. It also mines copper, silver, lead, and zinc, and recently completed a $17 billion acquisition of Newcrest while divesting non‑core assets to bolster its balance sheet.

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