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Newmont Corporation

Newmont Corporation

NEM
$89.70USD↓-1.24%-1.13 today

MARKET CAP

95.8B

P/E (TTM)

10.5x

FWD P/E

8.0x

DAY RANGE

$89 – $91

52W RANGE

$57
$135

AI Summary

Stalk
TrimMedium

NEM remains in a Stage 4 decline under an active Lower Highs & Lower Lows pattern, confirming persistent supply dominance and a bearish medium-term bias. Short-term price is trading in a support range below declining EMAs without clear sell triggers, suggesting deferred selling until price retests the overhead EMA cluster. Trimming into resistance aligns with momentum strategy for downtrend continuation while respecting broader structural context.

  • ↑Q1 free cash flow reached a record $3.1B, exceeding guidance
  • ↑$6B buyback authorized, backed by $8.8B in cash reserves
  • ↓High leverage risk persists despite $372M debt paydown
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The case for & against

Bull & Bear analysis

Bullish

Newmont Corporation (NYSE: NEM) is a leading gold and copper producer, strategically positioned in key mining regions worldwide. The company has built a robust portfolio of world-class assets and is committed to sustainable, responsible mining practices. Newmont’s focus on operational excellence, consistent dividend payments, and opportunistic share repurchases emphasizes its dedication to both growth and shareholder returns, making it a key player in the global gold mining sector.

Bull says

  • ↑Q1 free cash flow reached a record $3.1B, exceeding guidance
  • ↑$6B buyback authorized, backed by $8.8B in cash reserves
  • ↑Revenue rose 13% YoY to $5.2B; AISC held at $1,029/oz
  • ↑Analysts forecast EPS of $2.25 (+57% YoY), offering upside potential
  • ↑Debt retirements of $372M and $12.8B cash balance bolster the balance sheet
  • ↑Strong profitability and positive momentum factors support valuation

Bear says

  • ↓High leverage risk persists despite $372M debt paydown
  • ↓Lower gold prices and a stronger dollar could compress margins
  • ↓Cadia mine recovery from an earthquake will push Q2 production below Q1
  • ↓Negative analyst revisions point to deteriorating growth outlook
  • ↓Rising interest rates will increase financing costs and squeeze profits
  • ↓Regulatory scrutiny and cost inflation may elevate operating expenses

Investment themes with NEM

High Dividend Yield↑ +0.32%

Companies paying above-average dividends

AVGO · JPM · XOM
Quality↑ +0.54%

Companies with strong fundamentals and stability

NVDA · AAPL · MSFT
Gold Miners↓ -0.33%

Companies mining and producing gold

AEM · NEM · B

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 04-24-2026neutral

Transcript signals

Bull points

  • Newmont's focus on operational excellence continues to deliver consistent and predictable performance, with our first quarter results demonstrating that we are on track to achieve our 2026 guidance.
  • this consistency is reflected in our compelling financial results. Our unrivaled portfolio of high quality operations and projects, combined with our focus on cost discipline and productivity, positions us to capture the benefits of higher commodity prices, even amid the operational headwinds we experienced in the first quarter, delivering margin expansion and robust free cash flow generation.
  • Building on our strong first quarter performance and looking ahead to the rest of the year, we will remain on track to achieve our 2026 guidance, continue generating robust free cash flow from our world class portfolio and return capital to shareholders in a consistent manner.

Bear points

  • As a result, second quarter production is expected to be lower due to this short gap in mill feed, with operations returning to normal levels beginning the third quarter.
  • over the last few weeks, the world has experienced a notable increase in energy prices and impacts to global supply chain dynamics as a result of the ongoing conflict in the Middle East.
  • While this will represent an incremental cost headwind of approximately $25 per ounce in 2026, our goal is to mitigate the impact through disciplined cost management and productivity initiatives.
Read full transcript analysis ›