Newmont Mining: $5100 Gold, 14x P/E - Raising My Price Target

Mike Zaccardi, CFA, CMT8.98K FollowersFollow5ShareSavePlay(8min)CommentsSummaryNewmont Corporation (NEM) remains a buy, supported by robust Q4 results, strong cash flow, and disciplined capital returns.NEM delivered $2.52 non-GAAP EPS (vs. $2.03 consensus), $6.81B revenue (+21% YoY), and record $7.3B free cash flow in 2025.Enhanced capital return framework includes a $1.1B annual dividend and $3.6B buybacks, with improved balance sheet and liquidity.Valuation is compelling at a mid-teens P/E; technicals show long-term uptrend despite a near-term bear flag pattern. Melia Toney/iStock via Getty Images Shares of Newmont Corporation (NEM) slid on Friday, February 20, after the major gold miner reported Q4 results. Production opportunities were in focus, but the concern pales in comparison to the torrid rally over theThis article was written byMike Zaccardi, CFA, CMT8.98K FollowersFollowFreelance Financial Writer | Investments | Markets | Personal Finance | RetirementI create written content used in various formats including articles, blogs, emails, and social media for financial advisors and investment firms in a cost-efficient way. My passion is putting a narrative to financial data. Working with teams that include senior editors, investment strategists, marketing managers, data analysts, and executives, I contribute ideas to help make content relevant, accessible, and measurable. Having expertise in thematic investing, market events, client education, and compelling investment outlooks, I relate to everyday investors in a pithy way. I enjoy analyzing stock market sectors, ETFs, economic data, and broad market conditions, then producing snackable content for various audiences. Macro drivers of asset classes such as stocks, bonds, commodities, currencies, and crypto excite me. My thing is communicating finance with an educational and creative style. I also believe in producing evidence-based narratives using empirical data to drive home points. Charts are one of the many tools I leverage to tell a story in a simple but engaging way. I focus on SEO and specific style guides when appropriate.Analyst’s Disclosure: I/we have a beneficial long position in the shares of GDX either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.