5 Best Long-Term ASX Stocks to Buy Right Now

Why It Matters

The downgrade underscores cost and regulatory headwinds that could compress Newmont’s earnings, yet the prevailing bullish sentiment signals confidence in its global gold portfolio and long‑term value for investors seeking exposure to commodity assets on the ASX.

Key Takeaways

• National Bank downgraded Newmont to sector perform, target $130
• Analysts see 20% upside, $144 price target
• Earthquake halted Cadia underground ops, no injuries
• Higher diesel costs and Ghana tax pressure earnings
• Over 80% analysts remain bullish on Newmont

Pulse Analysis

Newmont Corporation remains a cornerstone of the gold mining sector, and its inclusion among the best long‑term ASX stocks reflects both its diversified asset base and the premium investors place on gold as a hedge. With operations spanning North and South America, Australia, and Africa, the company benefits from scale, low‑cost mines, and a strong balance sheet that appeals to portfolio managers looking for stable, inflation‑linked returns. Its presence on the ASX offers Australian investors a familiar conduit to a global commodity leader, reinforcing the exchange’s reputation for housing high‑quality resource equities.

Recent market dynamics have introduced short‑term pressure points for Newmont. Rising diesel prices have inflated operating expenses, while Ghana’s new mining tax framework threatens cash flow from one of its key African assets. Compounding these factors, a 4.5‑magnitude earthquake at the Cadia mine forced a temporary underground shutdown, though safety protocols prevented injuries and surface facilities remain intact. These challenges prompted National Bank to downgrade the stock and trim its target to $130, signaling caution about near‑term earnings, especially as Q1 EBITDA may feel the strain.

Despite the headwinds, the broader analyst community retains confidence in Newmont’s long‑term trajectory. Over 80% of coverage remains bullish, with a consensus price target of $144 implying roughly 20% upside from current levels. The company’s strategic focus on expanding gold output, investing in lower‑cost projects, and leveraging its copper assets provides a diversified revenue stream that can offset commodity volatility. For investors targeting durable exposure to precious metals, Newmont’s global footprint and resilient operational model continue to make it a compelling addition to a long‑term ASX portfolio.