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
Newmont shares surge amid strong technical momentum and dividend payout ahead.
- Stock gained in 7 of last 10 days, up 9.35% over two weeks with 29 million shares traded—nearly double the prior day—indicating building bullish momentum.
- Q3 delivered 1.42M gold ounces produced, $1.6B record free cash flow, and $640M from asset sales, enabling $2B debt reduction to near-zero net debt.
- Board affirmed $0.25 dividend for Q3, payable Dec 22, underscoring commitment to shareholder returns despite ongoing divestitures like the Coffee Project sale.
FCX surges amid copper rally as class action noise fades into the background.
- Stock rocketed from $44.80 on December 9 to $48.11 on December 11, a 7.3% gain reflecting broader copper market strength.[2][3]
- Copper prices advanced on expectations of tighter supply and steady industrial demand, lifting miners like FCX.[2]
- Class action deadline alert on December 11 revisited 2025 Grasberg landslide but failed to dent momentum, with shares ignoring past safety concerns.[1]
Newmont shares surge amid strong technical momentum and dividend payout ahead.
- Stock gained in 7 of last 10 days, up 9.35% over two weeks with 29 million shares traded—nearly double the prior day—indicating building bullish momentum.
- Q3 delivered 1.42M gold ounces produced, $1.6B record free cash flow, and $640M from asset sales, enabling $2B debt reduction to near-zero net debt.
- Board affirmed $0.25 dividend for Q3, payable Dec 22, underscoring commitment to shareholder returns despite ongoing divestitures like the Coffee Project sale.
FCX surges amid copper rally as class action noise fades into the background.
- Stock rocketed from $44.80 on December 9 to $48.11 on December 11, a 7.3% gain reflecting broader copper market strength.[2][3]
- Copper prices advanced on expectations of tighter supply and steady industrial demand, lifting miners like FCX.[2]
- Class action deadline alert on December 11 revisited 2025 Grasberg landslide but failed to dent momentum, with shares ignoring past safety concerns.[1]
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 BasketInvestment 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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