Newmont Exceeds Quarterly Earnings Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Should l Buy NEM?
Source: Benzinga
- Quarterly Earnings Beat: Newmont reported earnings of $2.52 per share, surpassing the consensus estimate of $2 by 25.94%, indicating a robust enhancement in the company's profitability.
- Significant Revenue Growth: The quarterly revenue reached $6.82 billion, exceeding analyst expectations of $6.16 billion and marking a 22% increase from $5.65 billion in the same period last year, reflecting the company's strong market performance.
- Record Free Cash Flow: Newmont achieved a record $7.3 billion in free cash flow, driven by disciplined operational execution and portfolio optimization, showcasing the company's excellence in financial management.
- Shareholder Returns and Debt Reduction: The company returned $3.4 billion to shareholders while successfully reducing debt by $3.4 billion, ending the year with a strong net cash position, highlighting its proactive strategies in capital management and shareholder value creation.
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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: 125.400
Low
89.00
Averages
110.85
High
125.00
Current: 125.400
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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- Enhanced Capital Returns: Newmont declared an increased dividend of $0.26 per share and returned $3.4 billion to shareholders through share repurchases and dividends in 2025, demonstrating a strong commitment to shareholder returns and a sustainable capital allocation strategy.
- Optimistic Outlook: For 2026, attributable gold production is expected to be approximately 5.3 million ounces, with gold by-product AISC projected at $1,680 per ounce, indicating continued competitiveness in production and cost management moving forward.
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- Cash Flow and Debt Management: The company achieved a record $7.3 billion in free cash flow in 2025, repaid $3.4 billion in debt, and ended the year with $7.6 billion in cash, demonstrating its solid financial health and strong cash flow management.
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See More
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- Record Cash Flow: The company generated $10.3 billion in cash from operating activities for the year, net of $210 million in working capital impacts, achieving a record annual free cash flow of $7.3 billion, including $2.8 billion in Q4, showcasing excellence in cash management and capital allocation.
- Enhanced Capital Returns: Newmont declared an increased dividend of $0.26 per share and returned $3.4 billion to shareholders through share repurchases and dividends in 2025, demonstrating a strong commitment to shareholder returns and a sustainable capital allocation strategy.
- Optimistic Outlook: For 2026, attributable gold production is expected to be approximately 5.3 million ounces, with gold by-product AISC projected at $1,680 per ounce, indicating continued competitiveness in production and cost management moving forward.
See More
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- Gold Medal Value Surge: Since the start of the 2024 Paris Summer Olympics, spot gold prices have surged approximately 110% to about $5,000 per ounce, with the intrinsic value of gold medals now estimated between $2,300 and $2,500, highlighting their increased investment appeal.
- Silver and Bronze Medal Valuation: Silver medals carry a raw metal value of about $1,400, while bronze medals, primarily made of copper, are valued at only $5 to $6, illustrating how the metal composition directly impacts the market value of different medals and emphasizing the rarity of gold medals.
- Market Volatility and Investment Trends: Despite recent fluctuations in precious metal prices, investors continue to flock to traditional safe havens like gold amid geopolitical instability and inflation concerns, keeping gold prices near historic highs, indicating a strong demand for these assets.
- Medal Quality Issues: The Milano Cortina 2026 Organizing Committee is investigating quality issues affecting a small number of medals after several athletes reported broken ribbons or clasps, demonstrating a commitment to athlete experience as organizers work with the Italian State Mint to repair affected medals.
See More
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- Market Recovery: The S&P 500 rose by 0.69% and the Nasdaq 100 by 0.87% after the Supreme Court overturned Trump's global tariffs, indicating a positive investor response to the policy shift that alleviates trade tensions.
- Economic Data Impact: U.S. Q4 GDP grew by 1.4%, below the expected 2.8%, while the core PCE price index rose by 2.7%, exceeding expectations of 2.6%, suggesting inflation pressures may limit the Fed's ability to cut rates, affecting market sentiment.
- Manufacturing Activity Decline: The February S&P manufacturing PMI unexpectedly fell to 51.2, below the anticipated 52.4, indicating weakness in manufacturing that could challenge economic recovery and further exacerbate market uncertainty.
- Earnings Optimism: Over 74% of S&P 500 companies reported earnings that beat expectations, with Q4 earnings growth projected at 8.4%, demonstrating strong corporate profitability that may support the stock market despite macroeconomic challenges.
See More
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- Q4 Earnings Beat: Newmont reported a Q4 profit of $1.3 billion, or $1.19 per share, down from $1.4 billion a year earlier, yet adjusted EPS of $2.52 surpassed the $2.05 analyst consensus, indicating strong profitability amid high commodity prices.
- Significant Revenue Growth: Revenues surged over 20% to $6.82 billion in Q4, with free cash flow hitting record highs of $2.8 billion for the quarter and $7.3 billion for the year, reflecting robust cash generation capabilities in a high gold price environment.
- Production Guidance Downgrade: Newmont guided for attributable gold production of approximately 5.3 million ounces in 2026, about 10% below 2025 levels, primarily due to planned mine sequencing affecting output, with gold by-product AISC expected to rise to $1,680 per ounce, potentially pressuring future profitability.
- Strategic Investment Plans: The company plans to invest around $1.4 billion in 2026 to advance projects including Cadia Panel Caves and Tanami Expansion 2 in Australia, as well as the Red Chris Block cave project in Canada, acquired through the $17 billion Newcrest acquisition in 2023, highlighting a commitment to future growth.
See More
BofA Analyzes Asset Performance Post-Geopolitical Events
- Oil Price Surge: Crude oil prices typically rally after geopolitical events, with data showing a median increase of over 18% three months post-event since 1939, indicating strong market reactions that could influence investor asset allocation strategies.
- Gold's Safe-Haven Appeal: Gold, traditionally viewed as a safe-haven asset, has seen a median gain of about 6% in the three months following the onset of a crisis, reflecting increased demand for secure investments despite heightened volatility attracting retail investors.
- Stock Market Stagnation: In contrast to oil and gold, U.S. stocks have added less than 5% during the same timeframe, indicating a relatively muted response from the stock market amid geopolitical tensions, which may affect investor confidence in equities.
- Market Reaction Patterns: A Barclays report highlights that the S&P 500 tends to experience modest gains the day before and on the day of significant geopolitical events, suggesting that the market anticipates such incidents, yet overall changes remain minimal, reflecting a cautious investor sentiment.
See More
Newmont Corporation Exceeds 2025 Earnings Expectations
- Strong Performance: Newmont Corporation's net earnings per share surged 123% in 2025, driven by a 45% increase in average gold prices, showcasing robust profitability amidst rising gold prices, yet the stock fell due to disappointing market reactions.
- Cash Flow and Debt Management: The company achieved a record $7.3 billion in free cash flow in 2025, repaid $3.4 billion in debt, and ended the year with $7.6 billion in cash, demonstrating its solid financial health and strong cash flow management.
- Production Guidance Downgrade: Newmont anticipates a 10% drop in attributable gold production to 5.26 million ounces in 2026, with all-in sustaining costs expected to spike to $1,680 per ounce, reflecting challenges in future production that may impact investor confidence.
- Dispute with Barrick: Newmont issued a notice of default to Barrick over mismanagement in their Nevada Gold Mines joint venture, yet CEO Natascha Viljoen reassured that both companies are committed to improving mine performance, indicating stability within the industry.
See More
