Newmont Reports Strong Q1 Earnings Amid Record Gold Prices
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 24 2026
0mins
Should l Buy NEM?
Source: seekingalpha
Newmont Corporation's stock fell 5.02% as it crossed below the 5-day SMA, reflecting broader market weakness with the Nasdaq-100 down 1.03% and S&P 500 down 0.53%.
Despite the decline in stock price, Newmont reported a significant earnings beat for Q1 2026, with adjusted earnings per share of $2.90, surpassing analysts' expectations of $2.18. The company benefited from record gold prices averaging $4,673.5 per ounce, a 63% increase year-over-year, although production levels fell to 1.30 million ounces from 1.54 million ounces. This strong performance amid high gold prices has attracted positive market attention, boosting investor confidence.
The implications of Newmont's earnings report suggest a strong position in the gold market, despite challenges in production. The company's share buyback program of $6 billion may further enhance shareholder value, although management has cautioned about rising costs in the upcoming quarters due to external factors.
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Analyst Views on NEM
Wall Street analysts forecast NEM stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 116.510
Low
89.00
Averages
110.85
High
125.00
Current: 116.510
Low
89.00
Averages
110.85
High
125.00
About NEM
Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver with operations and/or assets in the Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea regions. The Company's operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM. The Brucejack operation includes four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The Red Chris operation includes five mining leases which cover 12,703 acres and 199 mineral claims, encompassing an area of 164,903 acres (66,734 hectares). Penasquito includes 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). The Merian operation includes one right of exploitation encompassing an area of 41,687 acres (16,870 hectares).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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