We recently compiled a list of the 12 Best Gold Stocks to Invest In According to Billionaires. In this article, we are going to take a look at where Newmont Corporation (NYSE:NEM) stands against the other gold stocks.
Within the global metals industry, the gold sector is essential because it offers long-term investors a profitable opportunity as well as a store of value in times of crisis. Gold continues to be one of the most sought-after precious metals in the world due to its historical use as a haven during times of inflation and geopolitical unrest, as well as its growing use in cutting-edge technologies.
According to Reuters, gold prices have risen to all-time highs as of March 2025, with spot prices hitting $2,936.38 per ounce and U.S. gold futures topping $2,956.10. Record central bank purchases, growing fears about inflation, and changing global monetary policies have all contributed to the surge, which has made gold a key asset class in an uncertain environment. Demand for gold as a safe haven has increased as a result of increased investor uncertainty brought on by the ongoing trade war between the United States and China, which has resulted in supply chain disruptions and retaliatory tariffs.
Gold produced a 43.83% return in 2024, significantly above the 20.89% gain of the whole market. Supported by over-the-counter investments and strategic central bank hoarding, especially in emerging nations like China and India, the total demand for gold hit a record high of 4,974 metric tons. For the third year in a row, central bank purchases topped 1,000 metric tons, according to the World Gold Council. Gold’s appeal is strengthened by this accumulation, which is a part of a larger trend of diversification away from the U.S. currency. The premium that investors are willing to pay in the current inflationary environment is reflected in the 9% increase in overall expenditure on gold jewelry, despite an 11% drop in demand for jewelry due to high costs.
Strong demand for investments further supports the market’s momentum. Demand for actual bars and coins remained stable at 1,186 metric tons, while ETFs saw no significant withdrawals for the first time since 2020. Due to gold’s use in semiconductor and artificial intelligence applications, technology use also increased by 7%. As gold moved from Asian markets like Dubai and Hong Kong to the U.S. due to favorable futures premiums and expected import duties, arbitrage opportunities drove an 80% increase in U.S. Comex inventories since late 2024.
Additionally, billionaire investors have increased their attention to the metals industry. According to the 2024 UBS Billionaire Ambitions Report, 40% of affluent investors intend to expand their holdings of gold and other precious metals in the upcoming year. Warren Buffett’s conglomerate has chosen mining stocks over actual gold, and Jeff Bezos and Bill Gates have invested $537 million in Africa’s rare metals sector. This is part of a larger strategy move toward assets linked to technology and sustainable energy. The fact that eight of the top 100 billionaires in Forbes have made their riches in mining and metals highlights the industry’s ongoing profitability.
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To create our list of the 12 Best Gold Stocks to Invest In According to Billionaires, we examined Insider Monkey’s exclusive database of billionaire stock holdings. Based on the largest number of billionaire investors, as of Q4 2024, we have chosen the 12 best gold stocks. We have included the total value of billionaire holdings as a secondary criterion to rank the stocks that have the same number of billionaire holdings. We have also considered the number of hedge funds holding a stake in the respective stocks, as per Insider Monkey’s database of Q4 2024.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).
Is Newmont Corporation (NEM) The Best Performing Large Cap Stock So Far in 2025?
A gold mine entry with a conveyor belt transporting minerals from the depths of a shaft.
Number of Billionaire Investors: 13
Number of Hedge Fund Holders: 69
Newmont Corporation (NYSE:NEM) is among the best gold stocks according to billionaires, as 13 billionaires hold stakes in the company. With a significant global presence in resource-rich areas, the company manages a diverse portfolio of gold, copper, silver, and other metal assets throughout Australia, West Africa, and North and South America.
Newmont Corporation (NYSE:NEM) reported record operational cash flow of $2 billion and free cash flow of $1.2 billion in Q1 2025, which ended on March 31. This was the company’s biggest first-quarter cash flow ever. In line with full-year forecasts, 1.5 million ounces of gold and 35,000 tons of copper were produced. Additionally, the company reported a strong adjusted net income of $1.25 per diluted share and $2.6 billion in adjusted EBITDA. With $4.7 billion in cash on hand, Newmont is well-capitalized going into the second half of the year.
Additionally, the company successfully sold off six non-core businesses, releasing $3.2 billion in post-tax income. In 2025, almost $2.5 billion of this was realized, with an extra $1.2 billion from deferred consideration and stock holdings. Over the course of the last year, Newmont Corporation (NYSE:NEM) repurchased almost $2 billion worth of shares as part of its $3 billion buyback program and utilized a portion of these profits to pay down $1.5 billion in debt.
Operationally, gold production is expected to pick up speed, with the second half of 2025 accounting for about 52% of total output. While the Ahafo North project is still on schedule to produce its first gold by the end of 2025, key assets like Tanami and Boddington are expected to generate increased volumes in H2 2025. Additionally, Newmont Corporation (NYSE:NEM) is giving Red Chris development first priority and expects Lihir to continue to grow starting in 2028.
In the future, Newmont Corporation (NYSE:NEM) intends to exploit high gold prices and continuous central bank demand to stabilize its 11 controlled operations and carry out capital return schemes. Newmont is still in a strong position in the precious metals market, thanks to the support of numerous billionaires and a well-defined production and balance sheet expansion strategy.
Overall NEM ranks 1st on our list of the best gold stocks to invest in according to billionaires. While we acknowledge the potential of NEM as an investment, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than NEM but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
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