Although the revenue and EPS for Newmont (NEM) give a sense of how its business performed in the quarter ended June 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Newmont NYSE: NEM said it remains on track to meet its full-year 2026 guidance after reporting a stronger-than-expected second quarter, supported by stable operations, higher realized gold prices and disciplined cost control across its global mining portfolio.
A 13% correction in gold prices during the second quarter has not been enough to derail the trajectory of the world's largest gold miner, after it delivered strong earnings and reaffirmed its full-year production guidance.
Newmont Corporation (NEM) came out with quarterly earnings of $2.1 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $1.43 per share a year ago.
The gold-mining company said it remains on track to meet its full-year guidance.
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
NEM heads into Q2 earnings with higher gold prices offset by lower production and rising costs. Margins are expected to be lower Q/Q.
Evaluate the expected performance of Newmont (NEM) for the quarter ended June 2026, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
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.