Newmont Corporation (NEM) concluded the recent trading session at $89.7, signifying a -1.24% move from its prior day's close.
In the most recent trading session, Newmont Corporation (NEM) closed at $90.83, indicating a -4.6% shift from the previous trading day.
Newmont (NEM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Newmont (NEM) is undervalued, trading at 0.82x NAV, with a Buy rating and $117 price target. Red Chris Block Cave permits unlock a major copper-gold resource, not yet reflected in NEM's share price. Upcoming project completions and Red Chris FID are expected to drive a production rebound and consensus estimate upgrades.
NEM shares have fallen 16% in three months as gold prices weakened, but growth projects, strong cash flow and buybacks shape the long-term outlook.
NEM expects higher 2026 unit costs as lower production, royalties, sustaining capital and inventory changes raise costs and pressure margins.
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.
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.
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.