Newmont upgraded to Buy as gold stocks bottom; strong growth and margins support bullish outlook.

Newmont Corporation (NEM) is upgraded to a Buy rating amid a recent selloff in gold mining stocks. Trading at a forward P/E of 11.5x, below its 5-year average of 16.6x, NEM benefits from expected sustained high margins and ongoing production growth projects through 2027–2029. While inflation and elevated all-in sustaining costs pose risks, strong technical support and positive gold market drivers underpin the bullish case. This upgrade signals a timely opportunity for investors to capitalize on potential recovery and multiple expansion if cost control improves.