DailyIQ
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Sector:Basic MaterialsAll sectors
Last updated 3 minutes ago

NEM·Newmont Corporation

$.
+. (+.%)
After Hours
High
$95.72
Open
$93.80
Market Cap
101.86B
52W High
$134.88
Low
$93.80
P. Close
$95.28
P/E
12.05
52W Low
$55.37
Fwd P/E
8.67
DailyIQ Est.
$147.21
Technical Score (1D)
36
SELL
News Sentiment
78
BULLISH
Newmont’s latest trading session saw the stock finish above the S&P 500 and Basic Materials, reflecting a market view that the company’s upcoming July 23 earnings will deliver a strong $2.19 EPS and $6.19 billion revenue, up 53 % and 16 % YoY respectively. The consensus full‑year guidance of $9.76 EPS and $26.74 billion revenue, both up 41 % and 18 % YoY, signals continued upside potential that traders will be watching closely over the next ten days. Analysts have concluded that the current $93 price is fairly valued, with discounted‑cash‑flow and multiple checks aligning with the market level, suggesting that the 120 % three‑year return may already be priced in. This valuation assessment tempers expectations of a large upside but underscores the importance of cash‑flow stability, especially the government‑backed Red Chris Block Cave project that bolsters long‑term liquidity. Technical analysis, however, shows bearish signals that could trigger short‑term downside risk, a factor that could influence intraday volatility in the coming week. The convergence of a solid earnings forecast, fair valuation, and cautious technical backdrop creates a mixed outlook that traders will interpret as a potential range‑bound period until the earnings announcement. Market participants should monitor any revisions to analyst estimates or company guidance in the days leading up to July 23, as a surprise could shift the price trajectory. Additionally, updates on the Red Chris Block Cave development or changes in commodity demand will provide further context for the company’s cash‑flow narrative. Finally, traders should watch for any technical reversal signals that could signal a breakout after the earnings release, as this would likely be the next decisive move for the stock.
Earnings Summary
Newmont Corporation is a global gold producer that also explores for copper, silver, and zinc, operating mines across North and South America, Australia, and other regions. The company sits within the basic materials sector, specifically the gold industry, where commodity prices and operational efficiency drive performance. In the last six quarters, Newmont has delivered a remarkable streak of earnings beats: Q4 2024 EPS of $1.40 versus $1.03134, Q1 2025 $1.25 versus $0.91189, Q2 2025 $1.43 versus $1.16351, Q3 2025 $1.71 versus $1.43894, Q4 2025 $2.52 versus $1.9908, and Q1 2026 $2.90 versus $2.2361, all surpassing analyst estimates. Revenue has trended upward overall, rising from $5.65 billion in Q4 2024 to $7.31 billion in Q1 2026, with a brief dip in Q1 2025 that was followed by consecutive gains in the subsequent quarters, reflecting the company’s ability to scale production and capture higher commodity prices. Historically, Newmont’s EPS has consistently outperformed expectations, while revenue growth has been robust year‑over‑year, underscoring disciplined cost management and a strong commodity tailwind. Recent news highlights a Canadian government grant of CA$500 million for the Red Chris Block Cave project, which extends the mine’s life and adds copper output, and a BofA price‑target cut to $132, signaling a more conservative valuation outlook amid market volatility. Investors should watch for the company’s upcoming earnings release, the final investment decision on Red Chris, and any updates on copper and gold price dynamics, as these will shape cash‑flow projections and the valuation multiple. Key will be whether the grant translates into accelerated production and whether cost‑control measures sustain margins, as both factors will influence the next earnings cycle.

EPS

EstBeatMiss
$0.61$1.26$1.91$2.55$3.20Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$2.13 - -
Q1'26$2.24$2.90+29.7%
Q4'25$1.99$2.52+26.6%
Q3'25$1.44$1.71+18.8%
Q2'25$1.16$1.43+22.9%
Q1'25$0.91$1.25+37.1%

Revenue

EstBeatMiss
$4.7B$5.4B$6.2B$6.9B$7.7BQ1'25Q2'25Q3'25Q4'25Q1'26Q2'26
QtrEstActual+/−
Q2'26$6.5B - -
Q1'26$6.9B$7.3B+5.7%
Q4'25$6.2B$6.8B+9.9%
Q3'25 - $5.5B -
Q2'25 - $5.3B -
Q1'25 - $5.0B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

NEM Stock Snapshot

NEM is currently trading at $95.34, giving Newmont Corporation a market cap of 101.86B and a P/E ratio of 12.1. Today's range spans $93.80–$95.72, with shares opening at $93.80 and moving up $0.06 (0.1%) from the prior close. DailyIQ's technical score sits at 36/100 (HOLD) with a news sentiment reading of 78/100.

Over the past year NEM has traded between $55.37 and $134.88 - the current price is +72.2% off the 52-week low and -29.3% from the high. 33 analysts cover the stock with a Buy consensus and a mean 12-month target of $135.81 (range $67.00–$175.00), implying upside of +42.4%.

The setup for Newmont Corporation (NEM) is neither bullish nor bearish - it's patient. Score: 36/100 (HOLD). Sentiment: bullish (78/100). Price: $95.34 (in the middle of its 52-week range in $55.37–$134.88). The current P/E ratio stands at 12.1. A large-cap with 101.86B in Basic Materials market cap in a neutral technical phase is exactly where position-sizing decisions get made before the next trend emerges.

In neutral phases, large-cap Basic Materials names like NEM are often where sector rotation debates play out quietly — at 101.86B in capitalization, the stock receives incremental allocation from funds reducing mega-cap exposure without the volatility of a small-cap entry. The 36/100 (HOLD) and bullish sentiment (78/100) at $95.34 (in the middle of its 52-week range) describe a stock that is being considered rather than avoided.