Newmont vs Freeport-McMoRan
Newmont digs gold from mines across four continents and sits at the top of the senior gold producer pecking order while Freeport-McMoRan dominates global copper production and rides the electrification thematic. Both companies run massive mining operations with long reserve lives and meaningful exposure to commodity price swings. Newmont vs Freeport-McMoRan draws the line between safe-haven precious metals and the industrial copper demand story investors use to position around inflation, energy transition, and economic cycles.
Newmont digs gold from mines across four continents and sits at the top of the senior gold producer pecking order while Freeport-McMoRan dominates global copper production and rides the electrificatio...
Why It's Moving
NEM Stock Warning: Why Analysts See -6% Downside Risk
- Oil rebound revives risk-off sentiment, trapping Nasdaq below resistance and amplifying downside risks for risk assets like NEM.
- Weak February jobs data with 92,000 payroll losses pushes unemployment to 4.4%, complicating Fed rate cuts despite oil-fueled inflation.
- Surge in NEM options trading to 96,518 contracts reflects strong market interest and bets on over 25% downside from recent highs.
FCX Stock Warning: Why Analysts See -17% Downside Risk
- UBS slashed its price target to $66 from $70, highlighting valuation concerns despite a 'buy' rating, as macro signals diverge with soft copper demand.
- Q4 2025 cash costs per pound surged, with Q1 2026 hikes squeezing margins and fueling investor worries over profitability.
- Bearish MACD crossover and break below the 50-day average point to potential drops toward $55 support amid metals volatility.
NEM Stock Warning: Why Analysts See -6% Downside Risk
- Oil rebound revives risk-off sentiment, trapping Nasdaq below resistance and amplifying downside risks for risk assets like NEM.
- Weak February jobs data with 92,000 payroll losses pushes unemployment to 4.4%, complicating Fed rate cuts despite oil-fueled inflation.
- Surge in NEM options trading to 96,518 contracts reflects strong market interest and bets on over 25% downside from recent highs.
FCX Stock Warning: Why Analysts See -17% Downside Risk
- UBS slashed its price target to $66 from $70, highlighting valuation concerns despite a 'buy' rating, as macro signals diverge with soft copper demand.
- Q4 2025 cash costs per pound surged, with Q1 2026 hikes squeezing margins and fueling investor worries over profitability.
- Bearish MACD crossover and break below the 50-day average point to potential drops toward $55 support amid metals volatility.
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.
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.
Aimee Silverwood | Financial Analyst
July 25, 2025
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.
Aimee Silverwood | Financial Analyst
July 25, 2025
Newmont (NEM) Next Earnings Date
Newmont (NEM) is expected to announce its Q1 2026 earnings on April 22, 2026, based on the company's historical reporting schedule. The earnings report will cover the first quarter of 2026 and will be followed by a conference call at 5:30 PM ET on the same day. Most sources project the announcement between April 21-27, 2026, though the exact date has not yet been officially confirmed by the company.
Freeport-McMoRan (FCX) Next Earnings Date
Freeport-McMoRan (FCX) is estimated to report its next earnings on April 23, 2026, before market open, covering the first quarter ending March 2026. This date aligns with the company's historical pattern of late-April releases for Q1 results, though it remains unconfirmed officially. Investors should monitor for any formal announcement from the company.
Newmont (NEM) Next Earnings Date
Newmont (NEM) is expected to announce its Q1 2026 earnings on April 22, 2026, based on the company's historical reporting schedule. The earnings report will cover the first quarter of 2026 and will be followed by a conference call at 5:30 PM ET on the same day. Most sources project the announcement between April 21-27, 2026, though the exact date has not yet been officially confirmed by the company.
Freeport-McMoRan (FCX) Next Earnings Date
Freeport-McMoRan (FCX) is estimated to report its next earnings on April 23, 2026, before market open, covering the first quarter ending March 2026. This date aligns with the company's historical pattern of late-April releases for Q1 results, though it remains unconfirmed officially. Investors should monitor for any formal announcement from the company.
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
Zero Commission
Trade stocks, ETFs, and more with zero commission. Keep more of your returns.
Trusted & Regulated
Part of Exinity Group 2015, serving over a million customers globally.
6% Interest on Cash
Earn 6% AER on uninvested cash with daily interest payments.
Discover More Comparisons
Newmont vs Agnico Eagle
Newmont is the world's largest gold miner, operating a globally diversified portfolio of assets that prioritize capital returns and cost discipline at scale, while Agnico Eagle has built a reputation for operational excellence and a portfolio concentrated in politically stable, low-risk jurisdictions. Both companies compete for the same gold-focused institutional investor dollar and have made significant acquisitions in recent years to reshape their asset bases. Newmont vs Agnico Eagle digs into all-in sustaining costs, reserve quality, and which senior gold producer runs the tighter ship when metal prices inevitably soften.
Newmont vs Ecolab
Newmont extracts gold from mines across North America, South America, Africa, and Australia, with operating cash flows that move almost in lockstep with the gold price and production costs that define the margin, while Ecolab sells water treatment, hygiene, and infection-prevention services to hospitals, hotels, food processors, and industrial facilities under long-term service contracts that renew regardless of commodity prices. Both are global industrial businesses with significant emerging-market exposure and strong brand recognition among their customer bases, but their earnings drivers couldn't be more different. Newmont vs Ecolab lets readers contrast a commodity-price-sensitive miner against a recurring-revenue industrial services company that tends to hold earnings through economic cycles.
Newmont vs CRH
Newmont mines gold from some of the world's largest reserves, selling into a commodity market where price swings can dwarf any operational improvement, while CRH manufactures and distributes construction materials that go into roads, buildings, and infrastructure projects globally. Both companies move physical commodities through capital-intensive operations and lean heavily on project pipelines for growth visibility. The Newmont vs CRH comparison breaks down how each business handles cost inflation, capital reinvestment cycles, and cash return programs when commodity cycles turn.
