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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Newmont Corporation (NEM) offers best-in-class jurisdictional diversity, a fortress balance sheet, and robust shareholder returns, trading at $102 after a 25% pullback. NEM posted record 2025 results: $22.7B revenue, $7.3B free cash flow, and 5.9M gold ounces at $1,358/oz AISC, with strong copper and silver by-product credits. 2026 guidance calls for 5.3M gold ounces at $1,680/oz AISC, sustaining attractive margins even if gold prices correct, and capital allocation remains disciplined.
Newmont Corporation is pivoting from a decade of acquisitions and dilution to focus on operational efficiency, cost reduction, and margin improvement. NEM's Project Catalyst targets a 21% reduction in G&A expenses by 2026 and a return to higher output and margins by 2027, following a 'trough year' in 2026. Management has authorized total of $6 billion buyback, signifying a shift from expansion to consolidation, and aims to leverage its gold-copper hybrid strategy for margin resilience.
Victor Dergunov, The Financial Prophet, talks his 5 step plan - raising cash, rotating into gold miners, energy, and defensive sectors amid heightened market uncertainty. Gold miners like Barrick (GOLD), Newmont (NEM), Agnico Eagle (AEM), and Kinross (KGC) are attractive after major declines, despite near-term headwinds from interest rate expectations.
In the latest trading session, Newmont Corporation (NEM) closed at $101.52, marking a +2.52% move from the previous day.
The stock prices of large mining companies rallied early Wednesday.
Both Newmont and Kinross are executing strong projects and seeing cash flow gains and rising earnings estimates.
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.
Freeport-McMoRan (NYSE: FCX) and Newmont (NYSE: NEM) both beat earnings in their most recent quarters, yet both stocks have been hit hard.