Gold Mining Stocks Surge As Goldman Sachs Predicts Gold Could Hit $4,900

Benzinga

Gold topped $4,000 an ounce, but mining stocks are outperforming, with the VanEck Gold Miners ETF up 130% in 2025. Newmont leads the sector as analysts expect profits to rise faster than gold prices, with forecasts nearing $4,900.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Gold extended its record rally above $4,000 an ounce this year,

00:06but mining stocks have outperformed the metals gains.

00:08The VanEck Gold Miners ETF has climbed more than 130% in 2025,

00:13compared with nearly a 55% surge in the price of gold.

00:16Newmont, a recent Barron stock pick, has jumped more than 135%,

00:20trailing only Robinhood Markets, Seagate Technology,

00:23Western Digital, and Palantir in the S&P 500.

00:26ETF is trading for a little less than 15 times earnings estimates

00:29for 2026, about 33% below the S&P 500's price-to-earnings ratio.

00:34Analysts said gold miners could see profits rise faster

00:36than the metals price due to operational leverage.

00:39But with SAC's forecast that gold could reach $4,900 an ounce,

00:42analysts expect Newmont's per share earnings to soar more than 65% this year.

00:47For all things money, visit Benzinga.com.

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