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 Surges on Record Gold Prices and Bullish Analyst Upgrades Ahead of Key Earnings.
- Bank of America hiked its price target to $129 from $114 on January 19, citing intensified macro drivers pushing gold higher and expecting robust Q4 capital returns.
- Stock jumped 6.8% recently on record gold prices and gains from Tier 1 portfolio projects like Ahafo North, with analysts praising disciplined capital allocation and non-core divestitures.
- Raymond James raised its target to $111 in late December, spotlighting Newmont's lower-risk assets, profitability surge, and dividend strength in the gold boom.
FCX Beats Q4 Expectations Despite Grasberg Halt, Eyes 2026 Restart Amid Copper Rally
- Q4 EPS hit $0.47 versus $0.28 expected, driven by higher realized prices offsetting lower volumes from Indonesia's Grasberg mud rush disruption.
- Plans for Grasberg restart in H2 2026 targeting 85% production capacity, with ongoing mud removal and infrastructure repairs on track.
- HSBC hiked price target to $69 with a buy rating, while dividend adjusted lower to $0.075 quarterly amid cautious sales outlook.
Newmont Surges on Record Gold Prices and Bullish Analyst Upgrades Ahead of Key Earnings.
- Bank of America hiked its price target to $129 from $114 on January 19, citing intensified macro drivers pushing gold higher and expecting robust Q4 capital returns.
- Stock jumped 6.8% recently on record gold prices and gains from Tier 1 portfolio projects like Ahafo North, with analysts praising disciplined capital allocation and non-core divestitures.
- Raymond James raised its target to $111 in late December, spotlighting Newmont's lower-risk assets, profitability surge, and dividend strength in the gold boom.
FCX Beats Q4 Expectations Despite Grasberg Halt, Eyes 2026 Restart Amid Copper Rally
- Q4 EPS hit $0.47 versus $0.28 expected, driven by higher realized prices offsetting lower volumes from Indonesia's Grasberg mud rush disruption.
- Plans for Grasberg restart in H2 2026 targeting 85% production capacity, with ongoing mud removal and infrastructure repairs on track.
- HSBC hiked price target to $69 with a buy rating, while dividend adjusted lower to $0.075 quarterly amid cautious sales outlook.
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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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.
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July 31, 2025
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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 Corporation (NEM) is expected to report its next earnings on February 19, 2026, covering the Q4 2025 fiscal quarter ending December 2025. This date aligns with analyst estimates and the company's historical late-February pattern for year-end results. The earnings release and conference call are anticipated after market close, with details subject to official confirmation.
Freeport-McMoRan (FCX) Next Earnings Date
Freeport-McMoRan (FCX) reported its Q4 2025 earnings on January 22, 2026, which has already occurred as of today. The next earnings release, covering Q1 2026, is scheduled for approximately April 23, 2026, consistent with the company's historical late-April pattern for first-quarter results. Investors should monitor official channels for any updates to this projected date.
Newmont (NEM) Next Earnings Date
Newmont Corporation (NEM) is expected to report its next earnings on February 19, 2026, covering the Q4 2025 fiscal quarter ending December 2025. This date aligns with analyst estimates and the company's historical late-February pattern for year-end results. The earnings release and conference call are anticipated after market close, with details subject to official confirmation.
Freeport-McMoRan (FCX) Next Earnings Date
Freeport-McMoRan (FCX) reported its Q4 2025 earnings on January 22, 2026, which has already occurred as of today. The next earnings release, covering Q1 2026, is scheduled for approximately April 23, 2026, consistent with the company's historical late-April pattern for first-quarter results. Investors should monitor official channels for any updates to this projected date.
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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