NEWMONT Corp /DE/
Newmont is a mining company that operates mines and conducts exploration, development and construction projects. It relies on employees and contractors for its mining operations and construction work, and its workforce operates across multiple countries, including the United States, Mexico, Ghana, Peru, Suriname, Argentina, Australia and Canada. Its operations include the Peñasquito mine in Mexico and the Merian mine in Suriname. Newmont also holds development projects, including Conga in Peru. Newmont makes money from mining operations, including the production and sale of minerals. The company is headquartered in Denver, Colorado.
Goldman Sachs analyzed three Australian gold stocks, rating Newmont (NEM) Buy due to strong earnings and cost performance, Northern Star (NST) Buy for growth prospects, and Evolution Mining (EVN) Neutral due to copper price risks. Newmont reported Q3 EPS of $2.20, beating estimates, and lowered full-year AISC guidance. Northern Star targets 2.5M oz annually by FY29. Evolution's Q3 gold output fell due to disruptions.
Gold rose 3.5% on November 4, 2026, reaching $4,073 per ounce. Newmont (NEM) climbed 9.94%, while SPDR Gold Shares (GLD) gained 3.67%. The rally was driven by a weaker dollar and lower Treasury yields. However, traders still see an 83% chance of a Fed rate hike in December, which could pressure gold prices.
Gold mining stocks surged in premarket trading on Wednesday, following a 3.02% rise in gold prices to $4,446.90 per ounce, driven by a weaker US dollar after Democratic midterm election victories. Barrick Mining (B) and Newmont (NEM) shares gained over 5%, while Kinross Gold (KGC) rose 6.8%. The weaker dollar, which hit a one-month low, made gold more affordable internationally, boosting demand and prices.
Over the past 7 days, AlphAI's AI scored 6 news stories mentioning NEM (NEWMONT Corp /DE/). Coverage has skewed bullish: 6 bullish, 0 neutral, and 0 bearish.
Recent NEM coverage spans financial news, earnings and market movers.
In the last 30 days, NEM insiders filed 2 SEC Form 4 transactions — no purchases and 2 sales ($744K). The most active reporter was Toth Peter, EVP, Chief Sustain & Dev Off, with 1 filing. 100% of those filings were made under pre-arranged Rule 10b5-1 plans.
Buy rating with attractive valuation may support price.
Newmont expected to see higher earnings from elevated gold prices and strong cash flow.
Newmont likely to see further upside on sustained gold price strength.
The earnings-style update supports near-term confidence in Newmont’s cash generation and cost/production trajectory, reducing downside risk versus a guidance miss.
Positive earnings beat and guidance lift.
AlphAI scores every news story that mentions NEM with an AI model for sentiment and relevance, and aggregates insider trades from NEWMONT Corp /DE/'s SEC EDGAR Form 4 filings. Figures refresh continuously.
Goldman Sachs analyzed three Australian gold stocks, rating Newmont (NEM) Buy due to strong earnings and cost performance, Northern Star (NST) Buy for growth prospects, and Evolution Mining (EVN) Neutral due to copper price risks. Newmont reported Q3 EPS of $2.20, beating estimates, and lowered full-year AISC guidance. Northern Star targets 2.5M oz annually by FY29. Evolution's Q3 gold output fell due to disruptions.
Gold rose 3.5% on November 4, 2026, reaching $4,073 per ounce. Newmont (NEM) climbed 9.94%, while SPDR Gold Shares (GLD) gained 3.67%. The rally was driven by a weaker dollar and lower Treasury yields. However, traders still see an 83% chance of a Fed rate hike in December, which could pressure gold prices.
Gold mining stocks surged in premarket trading on Wednesday, following a 3.02% rise in gold prices to $4,446.90 per ounce, driven by a weaker US dollar after Democratic midterm election victories. Barrick Mining (B) and Newmont (NEM) shares gained over 5%, while Kinross Gold (KGC) rose 6.8%. The weaker dollar, which hit a one-month low, made gold more affordable internationally, boosting demand and prices.
Newmont Corporation reported Q3 free cash flow of $1.9B and record adjusted EPS of $2.20/share. Full-year production and cost guidance remains on track, with capital returns and project progress noted.
Gold prices averaged $4,262/oz in Q3 2026, up 23% YoY but down from Q1 2026. Miners like Newmont (NEM), Agnico (AEM), Kinross (KGC), and Alamos (AGI) reported higher realized prices. The Fed's rate hikes and Treasury yields impacted gold prices. Gold ETFs saw record inflows. Newmont reported Q3 earnings of $2.5B, Agnico $1.35B, Kinross $583.2M, and Alamos $165.6M.
ASX 200 materials sector rose 4.06% last week, led by miners like BHP (+4.56%), Rio Tinto (+0.71%), and Sandfire Resources (+9.16%). Consumer stocks fell amid inflation concerns. The benchmark index gained 1.28%. Gold shares also rose, despite a 7% drop in gold prices this year.
Gold and silver prices dropped to one-year lows, with gold falling 2.7% to $3,910.53/oz and silver sliding 5.8% to $49.34/oz. Rising oil prices and Fed rate hike bets contributed to the decline, along with tech stock sell-offs. Mining stocks like Newmont, Agnico, and Barrick also fell, with sector losses totaling $264B in Q3.
Newmont (NEM) trades at 12.7x earnings, lower than the S&P 500's 22.8x. Management shifted focus from portfolio rationalization to reinvestment and growth, highlighting the Red Chris mine. Red Chris revenue rose 57.8% in fiscal 2025, with $4.2B-$4.8B planned for development. Free cash flow increased to $10.1B in the year ending September 2026, but unit costs are expected to rise in 2027.
Argus raised its target price for Newmont Corporation (NEM) to $123. Newmont, the world's largest gold miner, generates 85% of its revenue from gold and operates globally. The company was founded in 1921 and is based in Denver.
Newmont (NEM) stock rose 36.4% over the past year. Management expects higher production costs in 2027 due to macroeconomic factors and lower co-product credits, particularly from silver at the Penasquito mine. All-in sustaining costs are projected to reach $1,900 per ounce in Q4 2026, up from $1,450 in Q3 2026. The company's operating margin was 50.0% in Q3 2026, with shares trading at 12.8 times earnings.
