Newmont Corporation is my top gold pick for 2026, rated Strong Buy, driven by operational scale, efficiency, and catch-up rally potential. NEM trades at a 20-25% discount to peers, with a 2026 P/E of 14.1x and PEG of 0.30x, reflecting undervaluation versus robust growth. Gold's bullish outlook, supported by central banks demand and geopolitical uncertainty, underpins NEM's earnings growth and sector outperformance.
The latest trading day saw Newmont Corporation (NEM) settling at $103.53, representing a +2.28% change from its previous close.
Newmont Corporation (NEM) closed the most recent trading day at $101.22, moving +1.37% from the previous trading session.
Ahafo North is starting commercial production, adding around 5% low-cost gold volume versus Newmont's current run-rate and supporting margin expansion and free cash flow growth. Ongoing SG&A and project cost reductions from workforce restructuring and organizational simplification should further improve NEMt's margins and cash flow conversion. Majority control of Nevada Gold Mines could unlock additional operational cost efficiencies on an already key 19.4% gold production and sales contributor for NEM.
Newmont's shares surged 81.6% in six months as higher gold prices, strong cash flow and portfolio focus lifted earnings and investor confidence.
Newmont Corporation (NEM) reached $105.78 at the closing of the latest trading day, reflecting a +1% change compared to its last close.
Soaring gold prices, contrasting production trends and recent strategic moves are shaping the investment debate between AngloGold Ashanti and Newmont.
Newmont (NEM) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
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Newmont plans to sell 6.77M Fuerte shares at C$4.35, raising about C$29.5M and cutting its stake to roughly 19.5% after the deal.
Gold's surge has lifted Newmont and Kinross, both executing strong projects and seeing cash flow gains and rising earnings estimates.
NEM's gold output slid again in Q3, and Q4 is set to mirror the weakness as asset sales and lower grades pressure production.