It can be hard to pick just one winner from the ASX gold sector here in Australia. There are many quality gold miners listed on the Australian stock market. Investors have the choice of going for a large-cap stock like Northern Star Resources Ltd (ASX: NST), or otherwise a smaller fish such as Ora Banda Mining Ltd (ASX: OBM).
There's even a gold mining exchange-traded fund (ETF) available, known as the VanEck Gold Miners ETF (ASX: GDX), that investors can choose if they don't find an individual gold miner to their taste.
But if you take the advice of one ASX expert, there's only one choice when it comes to gold miners in June 2025.
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Broker names top pick from ASX gold sector
It happens to be the US-domiciled Newmont Corporation (ASX: NEM), the ASX's largest gold miner.
Newmont is a relatively new addition to the ASX boards. It joined the Australian share market in October 2023 following its acquisition of the old Newcrest Mining, itself the largest ASX gold miner at the time. Investors who saw the deal through exchanged their Newcrest shares for those of Newmont back then, and the miner has been an ASX presence ever since.
Today, brokers at Macquarie, in a note to clients, have identified Newmont as their top pick from the ASX gold crop right now.
Why Newmont over other stocks in the ASX gold sector? Macquarie's analysts stated that they view Newmont as having a "lower guidance risk" in the short term compared with Northern Star. The broker also stated that Newmont's share price relative to net asset value was more competitive when compared to Evolution Mining Ltd (ASX: EVN), another popular ASX gold stock.
However, that assessment came with a few caveats. For one, analysts stated that "longer term, we prefer NST for its growth outlook".
Macquarie also identified Genesis Minerals Ltd (ASX: GMD) as "our top mid-cap value pick with a superior 5-year growth outlook (surpassed only by CMM)". CMM is, of course, Capricorn Metals Ltd (ASX: CMM).
The broker named one more stock from the ASX gold sector on its radar, Greatland Resources Ltd (ASX: GGP). Macquarie posited that "GGP also offers momentum/catalyst stock (with value)". It went on to state that its Telfer mine, coincidentally acquired from Newmont last year, "should produce strong [operating cash flow] at current gold prices, and a Havieron study (due 4QCY25) also represents a catalyst."
Newmont share price snapshot
Thanks to a rocketing gold price, Newmont has had a stellar track record in recent months. Its shares are up a healthy 44.8% year to date in 2025, and up aorund 39.6% over the past 12 months.
Investors have also clocked a 46.6% rise since Newmont's ASX debut back in 2023.
