Newmont: The Most Mispriced Large-Cap Stock In The Gold Mining Industry

Summary

• Newmont's strategic transformation—divesting non-core assets, integrating Newcrest, and focusing on Tier 1 mines—positions it for robust free cash flow growth and margin expansion.
• The company's unmatched scale, operational synergies, and geographic diversification in stable jurisdictions create a durable competitive advantage and mitigate industry risks.
• Structural gold bull market drivers—central bank buying, geopolitical risk premium, and supply constraints—provide a powerful tailwind for Newmont's earnings and valuation.
• With a 40-50% upside, $81-$87 price target, strong shareholder returns, and discounted valuation, I rate Newmont a strong buy for the next 2-3 years.

spawns

Thesis

Here's what gets me about the current narrative surrounding Newmont Corporation (NEM). Everybody's fixated on repeating the same old talking points. Their All-in Sustaining Costs [AISC] stubbornly remain high at about $1650 per ounce. The process of integrating Newcrest has not

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.