Newmont Corporation (NEM) - Stock Analysis
Last updated: Jun 7, 2026
Research Idea
Research content for general circulation. Not individualized advice. Methodology & Disclosures
Record Q2 free cash flow ($1.7B), 17% 21-day price gain, and strong gold sector tailwinds support near-term upside. Trading ~8% above 21-day moving average with technical confirmation though valuation elevated; suitable for tactical entry with risk management.
Loading chart data...
AI Analyst Overview
Loading chart data...
Valuation Metrics
Fundamental Analysis
Key Financial Insights: ⢠Strong Margins ⢠Cash Generation ⢠Low Leverage Newmont looks fundamentally strong, with high profitability, robust free cash flow, and net-cash balance-sheet strength, but the stock still trades at a meaningful valuation premium to book and sales.
Price Behavior
Key Price Behavior Insights: ⢠Lower highs ⢠Support break ⢠Oversold bounce Support Level: $104.85-$108.08 Resistance Level: $104.85-$108.33, then $111.35; stronger ceiling $116.06-$120.39 Over the last month, NEM shifted into a clear short-term downtrend after breaking below $104.85-$108.08 support to a new low at $99.71, leaving it oversold but vulnerable unless it quickly reclaims that range.
Sentiment & News
Key News Insights: ⢠Cash flow surge ⢠Buyback expansion ⢠Output pressure Newmont is benefiting from strong gold prices and record cash generation/share buybacks, but production declines and rising costs continue to temper upside.
AI Summary
Newmont should be viewed less as a pure gold-beta trade and more as a cash-rich miner whose strong free cash flow and fortress balance sheet are being offset by weaker production, rising costs, and a deteriorating short-term chart, making the stock a neutral hold unless gold momentum or operating execution improves.
Description
Newmont is a gold producer that also conducts exploration for other metals such as copper, silver, zinc and lead, operating assets across the Americas, Australia and Ghana. As of December 31, 2021, the company reported proven and probable gold reserves of 92.8 million ounces and held about 62,800 square kilometers of land. Founded in 1916, Newmont is headquartered in Denver, Colorado.
Idea History
| Date | Close | Ticker | Company | Summary | Status | P/L |
|---|---|---|---|---|---|---|
| Sep 22 | Sep 29 | NEM | Newmont Corporation | Record Q2 free cash flow ($1.7B), 17% 21-day price gain, and strong gold sector tailwinds support near-term upside. Trading ~8% above 21-day moving average with technical confirmation though valuation elevated; suitable for tactical entry with risk management. | Closed | +1.0% |