NEM - Newmont Corporation
Newmont stock rose after an analyst upgraded the stock on valuation grounds despite adjusting the price target lower. Gold's long-term outlook remains strong due to central bank demand.
NEM expects higher 2026 unit costs as lower production, royalties, sustaining capital and inventory changes raise costs and pressure margins.
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Zacks.com users have recently been watching Newmont (NEM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
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Gold miner Newmont Corporation might have corrected recently, along with the decline in gold prices, but the outlook for the company and the stock are both highly positive. There's significant double-digit percent upside to the stock, thanks to a sustained production outlook and strong net margin. Additionally, the company's ongoing share repurchase program works in the stock's favor, as do its favorable market multiples.
Newmont Corporation (NEM) closed at $94.81 in the latest trading session, marking a +1.73% move from the prior day.
On July 07, 2026, Newmont Corp (NEM) shares fell 3.2% to a current price of $95.06. The stock has experienced notable volatility within the last year, reaching
Newmont Corporation, the world's largest gold miner, trades at 9.6x forward earnings after an approximate 30% stock decline amid gold's Q2 sell-off. NEM delivered Q1 revenue up 46% to $7.31 billion, beat earnings estimates, generated a record $3.1 billion in free cash flow, and completed a $6 billion buyback with another $6 billion authorized. Management reaffirmed FY2026 guidance: 5.3 million oz gold, 9 million oz silver, 30,000 tonnes copper; analysts project 47% profit growth and 25% revenue growth for FY2026.
Newmont (NEM) trades at roughly 9.6x forward earnings (about 8.6x on 2027 estimates), below its five-year average, after gold corrected more than 25% from its January high. Q1 2026 was a record: $3.1 billion in free cash flow, $3.3 billion in net income, a net cash balance sheet, and a fresh $6.0 billion buyback authorization. 2026 production will take a hit, though, with higher AISC at about $1,680/oz.
Newmont Corporation (NEM) concluded the recent trading session at $98.2, signifying a +1.2% move from its prior day's close.
The volatility in gold looks set to continue, but the underlying fundamentals favor taking a positive long-term view on the gold price.
Newmont's Q1 earnings and cash hit record highs. Gold price, however, slipped into a bear market in June 2026.
AngloGold Ashanti demonstrated explosive revenue growth in FY 2025 and maintains a strong geographic footprint across four continents. Newmont remains the global industry leader by revenue and scale, supported by high net margins and significant free cash flow.
DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, ASX: NEM, PNGX: NEM) will release its second quarter 2026 results after North American markets close on Thursday, July 23, 2026. A conference call to discuss the results will be held at 5:30 p.m. Eastern Daylight Time the same day, which is 7:30 a.m. Australian Eastern Standard Time on Friday, July 24, 2026. A replay of the webcast will be available through the Company's website. Webcast Details Title: Newmont's Second Quarter 2026 Result.
Gold's sharpest quarterly selloff in 13 years may offer a long-haul entry point into DRDGOLD, Newmont and Barrick Mining.
Newmont Corporation (NEM) reached $93.4 at the closing of the latest trading day, reflecting a -1.17% change compared to its last close.
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Newmont's strong liquidity, cash flows and debt reduction support growth projects and shareholder returns as expansion plans advance.
If you want exposure to gold and to earn some income from dividends, then this stock is the ideal choice.