theglobeandmail.comOCT 271 min read$NEM

Positive Report for Newmont Corporation CHESS (NEM) from Ord Minnett

Ord Minnett upgraded Newmont (NEM) to Buy with a A$175.00 target. UBS maintained Buy with a A$210.00 target. Newmont reported Q3 revenue of A$6.33B and net profit of A$2.48B, up from A$5.38B and A$1.83B last year.

Original reporting

theglobeandmail.com

Published Oct 27, 2026, 1:32 AM UTC

Analysis

AlphAI AI DeskAI-generated

Added to AlphAI Oct 27, 2026, 3:26 AM UTC. Informational, not investment advice.

How this was made

AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.

About AlphAI AI Desk Scoring methodology Report an issue

Positive Report for Newmont Corporation CHESS (NEM) from Ord Minnett — source image — Source · theglobeandmail.com

Decision brief

The 30-second read

$NEMBullishHigh

Why it matters

The earnings beat and upgrade provide a fresh catalyst that could drive the stock higher in the short term.

Market read

Earnings beat and analyst upgrade make NEM a near‑term buying opportunity.

What to watch

Currency fluctuations and commodity price volatility could offset earnings strength.

Relevance 8/10Novelty 8/10Timing: today

Background

Newmont released its Q3 earnings and received an upgrade from Ord Minnett, with UBS maintaining a Buy rating.

Company-level read

Ticker impact

AI estimates · verify against primary disclosures

$NEMBullishHigh confidence

Context

Ord Minnett upgraded Newmont (NEM) to Buy with a A$175 price target and reported Q3 revenue of A$6.33bn and net profit of A$2.48bn.

Expected impact

likely upward pressure as the market prices in the upgrade and better‑than‑expected earnings

Evidence & confidence

The earnings beat and new buy rating provide a fresh catalyst for price appreciation.

Market effects

Sector

Positive earnings may lift the broader gold mining sector.

Regional

Australian‑listed miners could see short‑term gains.

Global

Newmont's results influence global gold supply outlook.

Counterpoint

What could challenge this read

If the upgrade is already priced in, the stock may face short‑term profit taking.

Key entities

company
Newmont Corporation
Gold mining company reporting Q3 results.
analyst
Ord Minnett
Upgraded Newmont to Buy.
analyst
UBS
Maintained Buy rating with higher price target.

Read at source ← All news

OCT 27

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ASX 200 gold miners’ costs jump in the September quarter, but NEM, NST and EVN beat UBS forecasts

ASX 200 gold miners reported higher costs in Q3 due to shutdowns, weather, and fuel prices. NEM, NST, and EVN beat UBS forecasts. NEM improved cost guidance, NST maintained FY27 outlook, EVN missed production but beat on costs. Shares reacted mixedly. Cost pressures may ease or persist, depending on the company.

marketindex.com.au4 min

OCT 26

$NEMMed

Morgans Financial Downgrades Newmont to Accumulate, Adjusts Price Target to AU$177

Morgans Financial downgraded Newmont to 'Accumulate' and set a price target of AU$177. The company's stock is currently trading at $108.87, down 4.59% over 5 days and 8.20% year-to-date. The downgrade is based on a weighted average of valuation, EPS revisions, and visibility metrics.

marketscreener.com1 min

OCT 25

$NEMHighAI 9/10

Newmont Shares Fall Back, As Gold Price Weakens

Newmont (ASX: NEM) shares fell 4.93% after Q3 results showed revenue of $6.36B and EBITDA of $3.95B, beating estimates, but free cash flow missed by 43%. The company warned of higher costs in Q4. Broader gold sector also declined, with smaller producers hit harder. Gold prices near $4,000/oz.

thebull.com.au3 min

OCT 24

$NEMHighAI 9/10

Newmont Corp (NEM) Q3 2026 Earnings Call Highlights: Record Free Cash Flow, Improved

Newmont Corp (NEM) reported Q3 2026 with $1.9B free cash flow, $2.20 adj. EPS, and improved cost guidance. It returned $1.9B to shareholders. Tanami expansion is ahead of schedule, but 2027 costs may rise due to macroeconomic factors and El Nino risks. Red Chris project saw scope changes and higher capital estimates. NEM updated Nevada Gold Mines joint venture.

finance.yahoo.com2 min

OCT 24

$NEMHighAI 8/10

Newmont Corp (NEM) Q3 2026 Earnings Call Highlights: Record Free

Newmont Corp (NEM) reported Q3 2026 earnings with record free cash flow of $1.9 billion, adjusted net income of $2.20 per share, and improved full-year cost guidance. The company produced 1.3 million ounces of gold, 23,000 tonnes of copper, and 11 million ounces of silver. Newmont returned $1.9 billion to shareholders through dividends and share repurchases. Challenges include higher unit costs in 2027 and potential El Niño impacts on Lihir production.

gurufocus.com3 min

OCT 23

$NEMMedAI 8/10

Newmont Sinks 4%4 Despite Record Third-Quarter Profit as Gold Slides Back Toward $4,000

Newmont (NEM) shares fell 4% despite reporting record Q3 adjusted EPS of $2.20, beating estimates. Gold prices dropped to $4,020/ounce, impacting the stock. Management expects Q4 AISC of $1,900/ounce, with normalized EPS seen rising through 2028. Analysts note the stock trades at 11x forward earnings, near a 5-year low.