With an impressive short percentage of shares outstanding of 1.77%, Newmont Corporation (NYSE:NEM) is among the 10 Best Gold Mining Stocks to Buy as Central Banks Buy Bullion.

Newmont Corporation (NYSE:NEM) received a higher analyst target on April 24 when BMO Capital raised its price objective to $145 from $140 while maintaining an Outperform rating on the shares. The firm updated its model following what it described as a strong first quarter, noting that while second-quarter production may soften modestly, the company remains on track to meet annual guidance while managing costs and targeting stronger production growth in the second half of the year. Analysts also emphasized Newmont’s operational consistency and scale advantages within the global gold mining industry.

The same day, Newmont Corporation (NYSE:NEM) reported first-quarter revenue of $7.31 billion, significantly above consensus estimates of $6.44 billion. The company produced approximately 1.3 million attributable gold ounces, in addition to 9 million ounces of silver and 30 thousand tons of copper from its managed operations. CEO Natascha Viljoen stated that Newmont generated a record $3.1 billion in quarterly free cash flow while remaining firmly on track to achieve its 2026 guidance targets. Management also announced a substantial expansion of its share repurchase program through an additional $6 billion authorization following the completion of its prior buyback initiative.

Newmont Corporation (NYSE:NEM) is among the best gold mining stocks to buy and a major producer of copper, silver, zinc, and lead. Founded in 1921 and headquartered in Denver, the company operates a diversified portfolio of long-life mining assets across multiple continents. Newmont focuses on responsible mining practices, operational sustainability, and disciplined capital allocation while maintaining exposure to global precious metals demand.

Record free cash flow generation and aggressive shareholder return initiatives may reinforce investor confidence as gold prices remain elevated in a volatile macroeconomic environment.

While we acknowledge the potential of NEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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