Newmont Corporation (NEM) remains a buy, trading 20% below its January high despite record Q1 earnings and strong free cash flow. NEM posted Q1 non-GAAP EPS of $2.90 and $7.3B revenue, beating estimates, with robust $3.1B free cash flow and a new $6B buyback. Valuation is attractive: assuming $10.50 normalized EPS and a 14x P/E, intrinsic value is $147, though risks from lower gold prices and higher oil persist.
Newmont Corporation, the world's largest gold producer, is generating record free cash flow amid a structural gold bull market driven by central bank accumulation. NEM posted Q1 2026 revenue of $7.31B (+46% YoY), $3.1B in FCF, and a cash margin of $3,871/oz, with gold averaging $4,900/oz and AISC at $1,029/oz. The stock is rated a buy, trading below $110 with a fair value estimate of $145, supported by a robust $6B buyback and net cash balance sheet.
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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.
Newmont beats Q1 earnings and revenue estimates as soaring gold prices drive strong year-over-year growth despite lower production.
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The PHLX Gold/Silver Sector (^XAU) is nursing a roughly 3% pullback this week as the safe-haven bid that powered bullion to record territory fades.
Newmont Corporation (NYSE:NEM, TSX:NGT, ASX:NEM, XETRA:NMM) shares rose nearly 3% on Friday after the world's largest gold miner posted stronger-than-expected first-quarter earnings and free cash flow, helped by higher gold prices, stronger production and lower costs. The company also said it had exhausted its previous $6 billion share repurchase authorization and approved an additional $6 billion buyback program, underscoring confidence in cash generation despite cost pressures tied to higher oil prices and increased royalties in Ghana.
The headline numbers for Newmont (NEM) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada.
Beyond analysts' top-and-bottom-line estimates for Newmont (NEM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2026.
B and NEM navigate volatile gold prices with strong project pipelines and cash flows, even as rising costs and weaker output pressure near-term performance.