Jim Cramer Praises Newmont Corporation's Recent Earnings Performance

Newmont Corporation (NEM) has gained 97% YTD due to gold prices. Cramer praises its recent earnings performance, beating analyst estimates. He says "Newmont, chronic misser, they finally got it right." Cramer also notes that the company is taking a cost-cutting approach despite being one of the best-performing stocks in the S&P 500.

Newmont Corporation (NEM), the world's largest gold miner, has seen an impressive 97% year-to-date (YTD) gain in its share price, driven primarily by the surge in gold prices. Jim Cramer, a prominent financial analyst, has commended the company's recent earnings performance, noting that it has "finally got it right" after being a "chronic misser." Despite being one of the top-performing stocks in the S&P 500, Newmont is taking a cost-cutting approach to further enhance its financial health [1].

The company's remarkable performance can be attributed to several factors. First, the significant increase in gold prices has boosted Newmont's revenue and profitability. Additionally, the company's strong earnings reports have exceeded analyst estimates, demonstrating its operational efficiency and financial resilience. Newmont's recent cost-cutting initiatives, aimed at reducing costs by up to 20% or $300 per ounce, are also contributing to its financial stability [1].

Cramer's praise for Newmont comes at a time when the company is implementing strategic changes to align its operations with a smaller, high-quality portfolio following recent divestitures. Despite the need for further cost cuts, Newmont's financial performance remains robust, with its share price climbing by 17.5% in the past month, outpacing the Basic Materials sector's gain of 4.61% and the S&P 500's gain of 1.91% [2].

Analysts expect Newmont to post earnings of $1.27 per share in its upcoming earnings disclosure, representing year-over-year growth of 56.79%. The company's operational execution has been impressive, with Q2 2025 earnings of $1.43 per share, driven by gold prices averaging $3,320 per ounce [3]. Newmont's diversified portfolio and recent $17 billion acquisition of Newcrest further solidify its dominance in the mining sector.

Newmont's strategic initiatives and operational agility demonstrate its ability to navigate volatile commodity markets and maintain sustainable shareholder returns. With a long-term bullish channel in place, the company is well-positioned to continue its success in the gold market.

References:

[1] https://www.ainvest.com/news/newmont-corporation-nem-soars-500-top-performers-2508/
[2] https://finance.yahoo.com/news/newmont-corporation-nem-advances-while-215001316.html
[3] https://www.ainvest.com/news/newmont-corporation-a3-rating-upgrade-strategic-inflection-point-gold-sector-resilience-2508/