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.
I reiterate a Strong Buy on Newmont Corporation due to its disciplined capital allocation and shareholder-friendly framework. NEM's enhanced capital allocation links sustaining/development capital, dividends, and balance sheet discipline, supporting robust free cash flow and consistent returns. The company maintains the industry's largest gold reserve base, with conservative reserve assumptions and significant upside if gold prices remain firm.
In the latest trading session, Newmont Corporation (NEM) closed at $116.5, marking a -3.64% move from the previous day.
NEM stock jumps 21% year to date on record gold prices and strong cash flows, but weaker output and rising costs raise questions on further upside.
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NEM faces falling gold output and rising costs in 2026 as mine transitions and lower volumes threaten margins despite upbeat earnings estimates.
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In the latest trading session, Newmont Corporation (NEM) closed at $112.83, marking a -1.07% move from the previous day.
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.
It's time to upgrade Newmont Corporation to Buy, a golden opportunity for us to turn bullish amid the selloff. NEM trades at an 11.5x forward P/E, well below its 5-year average of 16.6x, with margins expected to stay elevated barring a sharp unexpected collapse of gold prices. Production growth projects are scheduled through 2027–2029, supporting higher sales volumes and potential for NEM multiples expansion if cost control improves.
Newmont (NEM) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
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