07:35 AM EDT, 10/24/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price by $19 to $113, as we value NEM at an EV/EBITDA of 8.0x our 2026 EBITDA estimate, a premium to NEM's three-year avg. forward EV/EBITDA of 6.7x and a premium to peers' average of 6.4x. We raise our 2025 EPS estimate by $0.41 to $6.21 and our 2026 EPS forecast by $0.51 to $7.76. We believe the premium valuation is justified by Newmont's ( NEM ) industry-leading scale and diversification, superior free cash flow generation capabilities (already achieving a full-year record of $4.5 billion in just nine months), and fortress balance sheet with near-zero net debt that enables consistent capital returns regardless of commodity price cycles. While 2026 production is expected toward the lower end of the guidance range due to planned mine sequencing, management expects to realize full benefits from cost savings initiatives. We view Newmont ( NEM ) as the premier gold equity with industry-leading assets, strong operational execution, and disciplined capital allocation.