Newmont vs Freeport-McMoRan
Newmont Mining Corp. and Freeport-McMoRan Inc. are presented here in a neutral comparison of their business models, financial performance, and market context. This page explains how each company approaches its operations, returns, and industry environment for informational purposes. Educational content, not financial advice.
Newmont Mining Corp. and Freeport-McMoRan Inc. are presented here in a neutral comparison of their business models, financial performance, and market context. This page explains how each company appro...
Why It's Moving
NEM Faces Analyst Downside Warnings Amid Gold Rally and Earnings Anticipation
- Gold prices spiked on February 13 from central bank diversification away from the dollar, lifting NEM as the top gold producer with direct revenue upside.
- Copper demand boom from data centers and economic growth bolsters Newmont's dual-metal profile, enhancing margins beyond pure gold exposure.
- Fresh analyst upgrades like Stifel Nicolaus to $175 and Citigroup to $123.90 signal confidence, but high PEG ratio flags growth premium risks pre-earnings.
FCX Stock Warning: Why Analysts See -11% Downside Risk
- Grasberg mine mud-rush slashed Q3 copper output by 90M lbs and gold by 80k oz, with uncertain restart delaying Q4 recovery and pressuring earnings.
- Earnings estimates surged—with current-quarter consensus up 7.26% and full-year up 6.18% over 30 days—fueled by four upward revisions and optimism on copper prices.
- Mixed analyst reactions post-Q3 beat (EPS $0.50 vs. $0.41 expected) include some estimate hikes but broader concerns over production disruptions and Nov. 18 update.
NEM Faces Analyst Downside Warnings Amid Gold Rally and Earnings Anticipation
- Gold prices spiked on February 13 from central bank diversification away from the dollar, lifting NEM as the top gold producer with direct revenue upside.
- Copper demand boom from data centers and economic growth bolsters Newmont's dual-metal profile, enhancing margins beyond pure gold exposure.
- Fresh analyst upgrades like Stifel Nicolaus to $175 and Citigroup to $123.90 signal confidence, but high PEG ratio flags growth premium risks pre-earnings.
FCX Stock Warning: Why Analysts See -11% Downside Risk
- Grasberg mine mud-rush slashed Q3 copper output by 90M lbs and gold by 80k oz, with uncertain restart delaying Q4 recovery and pressuring earnings.
- Earnings estimates surged—with current-quarter consensus up 7.26% and full-year up 6.18% over 30 days—fueled by four upward revisions and optimism on copper prices.
- Mixed analyst reactions post-Q3 beat (EPS $0.50 vs. $0.41 expected) include some estimate hikes but broader concerns over production disruptions and Nov. 18 update.
Investment Analysis
Newmont
NEM
Pros
- Newmont delivered strong Q3 2025 results, with EPS and revenue exceeding expectations and record free cash flow of $1.6 billion.
- The company maintains a robust balance sheet, ending the quarter with $5.6 billion in cash and near-zero net debt.
- Newmont is the world's largest gold miner, with diversified operations across multiple continents and a clear production growth target for 2028.
Considerations
- Analyst price targets for Newmont show a wide range, indicating uncertainty about future stock performance and potential downside risk.
- Insider share sales have occurred recently, which may raise questions about executive confidence in near-term prospects.
- The stock has experienced high volatility, and some forecasts suggest a potential price decline over the next few months.
Pros
- Freeport-McMoRan benefits from exposure to copper, a metal with strong demand growth driven by electrification and renewable energy trends.
- The company has a significant market capitalisation and operates some of the world's largest copper and gold mines.
- Freeport-McMoRan maintains a solid dividend policy, providing regular returns to shareholders despite commodity price fluctuations.
Considerations
- Freeport-McMoRan's earnings and stock price are highly sensitive to copper price volatility, which can be influenced by global macroeconomic factors.
- The company carries a higher debt burden compared to sector peers, increasing financial risk during periods of low commodity prices.
- Environmental and regulatory risks are elevated due to the scale and geographic spread of Freeport-McMoRan's mining operations.
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Related Market Insights
America's Copper Advantage: How Tariffs Are Reshaping The Market
US copper tariffs create a 50% shield for domestic producers. Futures plunged 19.5%, signalling market disruption & investment opportunities. Explore the Neme.
Aimee Silverwood | Financial Analyst
July 31, 2025
Hard Assets for Hard Times: Why Tangible Investments Matter Now
Protect your purchasing power with Nemo's Hard Assets basket. Invest in companies owning tangible assets like precious metals & infrastructure to hedge against inflation.
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Newmont (NEM) Next Earnings Date
Newmont (NEM) is scheduled to report its next earnings for Q4 2025 after market close on Thursday, February 19, 2026. This release will cover the company's full-year 2025 performance alongside the fourth-quarter results. Investors should monitor for the official conference call details in the coming days.
Freeport-McMoRan (FCX) Next Earnings Date
Freeport-McMoRan (FCX) is scheduled to report its next earnings on April 23, 2026, before market open. This release will cover results for the first quarter of 2026. The date aligns with the company's historical quarterly reporting pattern.
Newmont (NEM) Next Earnings Date
Newmont (NEM) is scheduled to report its next earnings for Q4 2025 after market close on Thursday, February 19, 2026. This release will cover the company's full-year 2025 performance alongside the fourth-quarter results. Investors should monitor for the official conference call details in the coming days.
Freeport-McMoRan (FCX) Next Earnings Date
Freeport-McMoRan (FCX) is scheduled to report its next earnings on April 23, 2026, before market open. This release will cover results for the first quarter of 2026. The date aligns with the company's historical quarterly reporting pattern.
Which Baskets Do They Appear In?
America's Copper Advantage: Tariffs Reshape The Market
The U.S. has imposed a 50% tariff on certain copper imports, causing market volatility and creating a potential advantage for domestic producers. This theme focuses on U.S.-based copper fabricators and refiners who stand to benefit from these protectionist measures.
Published: July 31, 2025
Explore BasketInflation Hedge Basket
Looking to protect your money from rising prices? This collection features companies that own real, physical assets from gold mines to global infrastructure. Professional analysts have selected these stocks specifically for their ability to maintain and potentially increase in value during inflationary periods.
Published: June 17, 2025
Explore BasketWhich Baskets Do They Appear In?
America's Copper Advantage: Tariffs Reshape The Market
The U.S. has imposed a 50% tariff on certain copper imports, causing market volatility and creating a potential advantage for domestic producers. This theme focuses on U.S.-based copper fabricators and refiners who stand to benefit from these protectionist measures.
Published: July 31, 2025
Explore BasketInflation Hedge Basket
Looking to protect your money from rising prices? This collection features companies that own real, physical assets from gold mines to global infrastructure. Professional analysts have selected these stocks specifically for their ability to maintain and potentially increase in value during inflationary periods.
Published: June 17, 2025
Explore BasketBuy NEM or FCX in Nemo
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