Newmont ($NEM) shares soared 6.9% on July 25, 2025, after reporting Q2 earnings that topped expectations, with adjusted EPS of $1.43 against forecasts of $1.40 and revenue of $5.32 billion, up 20.1% year-over-year. Gold sales jumped 26.5% to $4.58 billion, driven by record gold prices of $3,320 per ounce.
The company announced a $3 billion share repurchase program, boosting investor confidence. Newmont, a leader in the Energy Stocks category, benefits from gold’s safe-haven status amid tariff uncertainties and economic volatility. The stock has gained 75% in 2025, making it a top S&P 500 performer.
Analysts rate $NEM a “buy,” with 10 of 12 targeting a $60 price, above its current $55. The Q2 earnings beat aligns with the S&P 500’s strong season, with 86% of companies exceeding estimates. Newmont’s performance contrasts with tech-heavy sectors like Semiconductors, where tariff risks loom larger.
Apple ($AAPL), while not directly tied to gold, benefits from stable commodity prices for its supply chain, indirectly linking Newmont’s rally to Consumer Tech. Investors should monitor Newmont’s Q3 guidance for insights on gold price trends and production costs, especially with potential tariff impacts on mining equipment. This news underscores gold’s role as a hedge, impacting Energy Stocks and Earnings Report categories.
