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
- Raymond James highlights negative price momentum, stalling relative strength vs. S&P 500, and rising selling pressure, with shares eyeing the 50-day moving average near $103.65.
- NEM dropped sharply over the past 30 days alongside a 9% gold price fall from sticky inflation, stronger dollar, and sector profit-taking after 154% yearly gains.
- A break below key support at $97.99 could confirm deeper correction, though analysts still view NEM as a relative long-term leader despite caution.
FCX Stock Warning: Why Analysts See -17% Downside Risk
- Quant models show elevated downside risk with no additional long-term support signals, signaling a potential stall despite mid-term strength.
- Recent 5% surge on weak volume raises bull trap fears, with immediate downside to $62 if $63.12 support fails.
- Technical indicators lean bearish with 5 sell signals versus 4 buys, including overbought oscillators like WILLR and Ultimate Oscillator.
NEM Stock Warning: Why Analysts See -6% Downside Risk
- Raymond James highlights negative price momentum, stalling relative strength vs. S&P 500, and rising selling pressure, with shares eyeing the 50-day moving average near $103.65.
- NEM dropped sharply over the past 30 days alongside a 9% gold price fall from sticky inflation, stronger dollar, and sector profit-taking after 154% yearly gains.
- A break below key support at $97.99 could confirm deeper correction, though analysts still view NEM as a relative long-term leader despite caution.
FCX Stock Warning: Why Analysts See -17% Downside Risk
- Quant models show elevated downside risk with no additional long-term support signals, signaling a potential stall despite mid-term strength.
- Recent 5% surge on weak volume raises bull trap fears, with immediate downside to $62 if $63.12 support fails.
- Technical indicators lean bearish with 5 sell signals versus 4 buys, including overbought oscillators like WILLR and Ultimate Oscillator.
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.
Newmont (NEM) Next Earnings Date
Newmont Corporation (NEM) is scheduled to report its Q1 2026 earnings on April 23, 2026, after market close, aligning with the company's historical quarterly pattern. A conference call is anticipated the prior evening. This follows the Q4 2025 results released on February 19, 2026.
Freeport-McMoRan (FCX) Next Earnings Date
Freeport-McMoRan (FCX) is estimated to report its next earnings for the Q1 2026 quarter between April 23 and 24, 2026, prior to market open, based on historical patterns following the January 22, 2026 release. This projection aligns across multiple analyst calendars, though the company has not yet officially announced the date. Investors should monitor for updates as the period approaches.
Newmont (NEM) Next Earnings Date
Newmont Corporation (NEM) is scheduled to report its Q1 2026 earnings on April 23, 2026, after market close, aligning with the company's historical quarterly pattern. A conference call is anticipated the prior evening. This follows the Q4 2025 results released on February 19, 2026.
Freeport-McMoRan (FCX) Next Earnings Date
Freeport-McMoRan (FCX) is estimated to report its next earnings for the Q1 2026 quarter between April 23 and 24, 2026, prior to market open, based on historical patterns following the January 22, 2026 release. This projection aligns across multiple analyst calendars, though the company has not yet officially announced the date. Investors should monitor for updates as the period approaches.
Buy 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.
