$Newmont(NEM.US) | 𝐍𝐞𝐰𝐦𝐨𝐧𝐭: Canaccord reiterates 𝐁𝐮𝐲, maintains 𝐏𝐓 𝐚𝐭 $𝟏𝟓𝟎
Analyst sees strong earnings momentum and record FCF driving aggressive buybacks, reinforcing shareholder return story amid higher gold prices.Source: Hardik Shah
Newmont Corporation operates as a gold producer. It also explores for copper, silver, lead, zinc, and other metals. It has operations and/or assets in the Unite...
Newmont Mining surged 7.86% in regular trading to close at $125.10, driven by the US Treasury's bond buyback program, which pushed gold prices near $4,460, while a weaker dollar and easing bond yields further boosted the precious metals sector. The stock rallied from a pre-market low of $116.71 to $124.20 before the open, then hit an intraday high of $126.49 during the session, pulled back to around $123.26, and stabilized near the close; post-market edged up to $125.08. Q2 2026 revenue reached $6.118 billion (up 15% YoY), net profit was $2.202 billion (up 6.8% YoY), and EPS was $2.06 (up 11.4% YoY), with a net profit margin of 36%. The stock is still 7.25% below its 52-week high of $134.88, but has gained 23.6% year-to-date and trades above both its 20-day ($105.76) and 60-day ($101.30) moving averages, though it had fallen 3.57% the previous session on Aug 18.
Newmont rose 7.17% to close at $112.99, driven by gold prices surging above $4,320 on weak US jobs data. The stock rebounded from a pre-market low of $106.84, hit an intraday high of $113.71 during regular trading, and traded narrowly around $112.98 in the post-market. Q2 revenue of $6.118 billion (up 15% YoY) and net profit of $2.202 billion (up 6.8% YoY) support the move, with a PE of 14.19x. While still 16% below the 52-week high of $134.88, the stock has reclaimed its 20-day MA ($95.53) and 60-day MA ($100.25), with an 11.63% YTD gain. However, EVP Peter Toth's recent disposal of $280,350 in shares may temper sentiment.
Newmont Corp (NEM) traded higher during regular hours, rising approximately 6.2% to $103.83 as of 10:02 ET, outperforming peers, driven by firming gold prices and strong quarterly results. The stock climbed from a pre-market low of $100.28 to $103.70, then opened to an intraday high of $104.22 before modestly retreating. Q2 revenue grew 15% YoY to $6.18B, net profit rose 6.8% to $2.20B with a 36% margin, and EPS of $2.06 increased 11.4% YoY, underscoring solid fundamentals. The stock now sits above its 20-day ($94.09) and 60-day ($100.61) moving averages, with a YTD gain of 2.6%, though it remains 23% below its 52-week high of $134.88, suggesting room for recovery. However, the sale of shares by Rathbones Group and some other institutions indicates lingering caution.
NEM.US staged a low-open rally, falling to an intraday low of $90.80 in pre-market before steadily climbing throughout the regular session to close at $95.76, up 4.84% from the prior close of $91.34. The move was driven by firming gold prices and solid Q2 earnings: revenue of $6.12B grew 15% YoY, net income of $2.20B rose 6.84% YoY, and EPS of $2.06 beat estimates. Despite a YTD decline of 5.39% and trading 29% below the 52-week high of $134.88, the stock closed above its 20-day MA of $93.73. However, post-market activity was subdued, with the stock barely holding at $95.76.
NEM.US climbed from a pre-market low of $93.10 to open at $97.29 in regular trading, representing a 75.71% rebound from its 52-week low of $55.37 but still 27.87% below the 52-week high of $134.88. The company reported Q1 2026 revenue of $7.307 billion, up 45.85% year-over-year, and net profit of $3.262 billion, a 72.5% surge, with EPS of $3.00 growing 78.64% and net profit margin expanding from 19.08% to 44.64%. Despite the strong earnings, the stock trades at $97.29, below its 20-day MA ($97.70) and 60-day MA ($105.59), and down 3.88% year-to-date, highlighting a divergence between robust fundamentals and near-term technical resistance.
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$Newmont(NEM.US) | 𝐍𝐞𝐰𝐦𝐨𝐧𝐭: Canaccord reiterates 𝐁𝐮𝐲, maintains 𝐏𝐓 𝐚𝐭 $𝟏𝟓𝟎
Analyst sees strong earnings momentum and record FCF driving aggressive buybacks, reinforcing shareholder return story amid higher gold prices.Source: Hardik Shah
INTC Earnings LIVE: Intel Q1 2026 Results, Call & Reaction (+NEM, SAP
Source: TrendSpider
$Newmont(NEM.US) | 𝐍𝐞𝐰𝐦𝐨𝐧𝐭: National Bank downgrades to 𝐒𝐞𝐜𝐭𝐨𝐫 𝐏𝐞𝐫𝐟𝐨𝐫𝐦, cuts 𝐏𝐓 𝐭𝐨 $𝟏𝟑𝟎
Analyst sees valuation still compelling but near-term headwinds rising, driven by higher costs, production risks, and M&A overhang.Source: Hardik Shah