ALTSTATION.IO

Newmont Corporation (NEM) Stock Analysis

By Nova Skye | AltStation.io | Updated February 07, 2026

Price

$114.34

Change

+5.35%

Market Cap

$125.60B

Avg Volume

9.7M

Company Overview

Newmont Corporation is a leading gold mining company based in Denver, Colorado. They focus on gold production and exploration, but they also explore for copper, silver, zinc, and lead. Their products primarily cater to industrial buyers and investors, as gold is a key asset for both jewelry manufacturers and investors looking for safe-haven assets. With operations across several countries, including the United States, Canada, and Australia, they have a diverse geographic footprint.

Newmont is a market leader in the gold mining sector, frequently vying for the top position due to their extensive resources and operational efficiency. Their size and scale give them an edge in production costs, which keep them competitive against key rivals like Barrick Gold and AngloGold Ashanti. However, they face threats from fluctuating gold prices and geopolitical risks in countries where they operate, as instability can impact operations and profitability.

Currently, Newmont is in a growth phase, focusing on boosting production and expanding its project pipeline. They recently completed the acquisition of GT Gold, enhancing their portfolio in Canada, and are actively pursuing sustainable practices to address investor concerns about environmental impacts. Their strategic focus on high-return projects positions them well for long-term success in the evolving gold market.

Key Financials

Market Cap

$125.60B

Revenue

$21.50B

EBITDA

$12.25B

Gross Margin

59.3%

Profit Margin

33.4%

Revenue Growth

20.0%

Total Cash

$5.97B

Total Debt

$5.65B

Free Cash Flow

$9.34B

52-Week Price Performance Analysis

Price Statistics

P/E Ratio

17.81

Forward P/E

12.89

Beta

0.44

52-Week High

$134.88

52-Week Low

$41.23

EPS

$6.42

50-Day Avg

$105.46

200-Day Avg

$78.08

Price/Book

3.76

Technical Analysis

Newmont Corporation (NEM) has demonstrated a strong upward trend over the past 52 weeks, culminating in a notable increase of 152.4%. The current price of $114.34 sits just below a significant resistance level at $115.32, which has served as a peak since January. Key support has been observed around the $100 level, suggesting a solid floor for potential retracements. Price patterns indicate a consistent upward channel, with higher lows being established over the months, reflecting bullish momentum. Recently, NEM has shown strong momentum, particularly in the last few weeks, with the price approaching its 52-week high. Currently positioned within the upper range of the 52-week spectrum, this implies sustained buying interest as the stock nears critical resistance, signaling potential volatility if it breaks above these levels.

Recent News and Developments

Market Update

Here are the latest news and developments for Newmont Corporation (NEM) stock in the past week (January 31, 2026 – February 7, 2026):

1. Analyst Price Target Raised for Newmont

Macquarie Infrastructure has increased its price target for Newmont Corporation (NEM) from $115.00 to $126.00, maintaining an “outperform” rating on the stock as of February 7, 2026. This revised target suggests a potential upside of 9.31% from the stock’s current price. Raymond James Financial also upped their price objective for Newmont from $111.00 to $130.00 in a research note on January 15th, giving the company an “outperform” rating.

2. Newmont Stock Declines Amidst Broader Precious Metals Sell-Off

Newmont’s stock experienced a significant decline of 7.2% on February 5, 2026, and a steeper drop of 11.5% on January 30, 2026. This downturn was part of a wider precious metals sell-off, which saw gold futures fall over 11% and silver futures plunge more than 31% on January 30, 2026, attributed to market reassessments of U.S. monetary policy and heightened policy uncertainty.

Market Sentiment and Analyst Recommendations

Bull Case

Newmont just delivered 20% revenue growth on a $21.5B base, and that momentum carries into Q4 earnings on February 19 where consensus expects EPS up 29% year-over-year. The company trades at 17.81x P/E while sitting on a clean balance sheet — $5.97B cash against $5.65B debt means net cash positive and real financial flexibility. Two major analysts just raised targets within days of each other (Macquarie to $126, Raymond James to $130), and the consensus target of $130.12 implies 14% upside from here. The 152% gain over 52 weeks proves institutional money already believes in the story, and gold’s recent weakness actually presents a gift for accumulation if the Fed pivot narrative shifts. At $114.34, you’re buying a major gold producer with fortress balance sheet strength at a reasonable multiple for a company with this growth rate and asset quality.

Bear Case

The stock just got hammered 11.5% on January 30 and another 7.2% on February 5 because precious metals are getting crushed — gold futures down 11%, silver down 31% — and that’s a real macro headwind tied to Fed policy uncertainty. A 152% run in 52 weeks means you’re buying into serious momentum, not value, and the stock is already bumping against resistance at $115.32 with limited room to run before hitting distribution. The analyst target range is absurdly wide at $70 to $177, which tells you there’s no consensus on where this actually belongs. Q4 earnings on the 19th are the next real catalyst, but if gold continues its slide or if Newmont misses on production guidance, the stock has support at $100 but could test that hard. You’re also exposed to geopolitical risk on mining operations and the perpetual threat of regulatory changes in key jurisdictions.

What to Watch

The February 19 earnings call is make-or-break — watch for actual production numbers and full-year 2026 guidance, not just EPS beat. If gold prices stabilize above $2,000/oz in the next two weeks, that removes the immediate macro headwind and the stock should re-test $130. Track the $115.32 resistance level closely; a break above that with volume suggests a run toward the analyst targets, but a rejection there is a red flag. Monitor the Fed’s next policy signals and inflation data since precious metals move inversely to real rates. The ASX listing confirmation is procedural noise, but pay attention to any capital allocation announcements around buybacks or dividends on the earnings call. Finally, watch silver’s recovery trajectory separately — if it bounces off its lows faster than gold, that signals broader risk-on sentiment returning to commodities, which lifts NEM’s entire thesis.

Analyst Consensus

BUY

Based on 20 analyst opinions

Low Target

$70.00

Mean Target

$130.12

High Target

$177.00

Earnings and Financial Data

Sector

Basic Materials

Industry

Gold

Employees

22,200

Earnings & Dividends

Next Earnings

Feb 19, 2026

EPS (Trailing)

$6.42

Dividend Yield

92.0%

Payout Ratio

15.6%

Frequently Asked Questions

Is NEM a good stock to buy?

Analysts rate Newmont Corporation (NEM) as a “BUY” with a price target of $130.12, indicating a potential upside from the current price of $114.34. Given its strong market cap of $125.60 billion and solid fundamentals, it presents an attractive investment opportunity.

What is NEM’s price target?

The consensus price target for NEM is $130.12. This represents about a 13.8% upside from the current trading price of $114.34.

Does NEM pay a dividend?

Yes, Newmont Corporation offers a very high dividend yield of 92.0%. This makes it appealing for income-focused investors looking for reliable cash flow.

What is NEM’s P/E ratio?

Newmont has a P/E ratio of 17.81 and a forward P/E of 12.89. These metrics suggest that the stock is fairly valued relative to its earnings potential, especially in the context of its industry.

What is the 52-week range for NEM stock?

The 52-week range for Newmont Corporation is $41.23 to $134.88. The current price sits closer to the upper end of that range, reflecting strong performance over the past year.

Related Stock Reports

Disclaimer: This report is for informational purposes only and does not constitute financial advice. The analysis and opinions expressed are those of AltStation.io and should not be relied upon as the sole basis for investment decisions. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results. Updated February 07, 2026.