Newmont Corporation (NEM) earnings on July 23, 2026
More Newmont Corporation earnings
Prior outlook: Optimistic Outcome: Partial
Newmont posted quarterly results that missed what analysts expected. The stock rose early but closed down 1.6%.
NEM price around the earnings
93.19
Change: -1.6%
2026-07-24, 20:00 UTC
Start of the measured window
End of the measured window
92.54
93.86
95.18
96.50
94.72
July 23, 2026
July 24, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Optimistic Outcome: Partial
- Thesis published
- Results released
After a strong recent drop bounce with exceptional 100% beat history and +39.2% analyst upside; trajectory upgraded sharply.
Context analyzed before publication
- Trend
- Strong recovery from after a strong recent drop conditions into earnings, driven by past beats and analyst upside.
Analysts
Evidence
- Analyst consensus
- Buy
- Consensus average (1-5)
- 1.55
- Analysts covering the stock
- 21
- Average price target
- 131.38
- Lowest price target
- 67
- Highest price target
- 175
- Upside to price target
- 39.2%
- Quarterly earnings growth
- 72.5%
- Revenue growth
- 45.8%
- Forward EPS
- 10.72
- Trailing EPS
- 7.71
- Analyst moves in the last 60 days
- 7
- Strong buy: 5
- Buy: 14
- Hold: 2
- Sell: 0
- Strong sell: 1
- Strong buy
- 5
- Buy
- 14
- Hold
- 2
- Sell
- 0
- Strong sell
- 1
- July 16, 2026 · Barclays: Maintains rating (Overweight → Overweight)
- July 14, 2026 · Scotiabank: Maintains rating (Sector Outperform → Sector Outperform)
- July 14, 2026 · TD Cowen: Upgrades rating (Hold → Buy)
- July 9, 2026 · RBC Capital: Maintains rating (Outperform → Outperform)
- July 9, 2026 · B of A Securities: Maintains rating (Buy → Buy)
- July 6, 2026 · Jefferies: Maintains rating (Buy → Buy)
- June 30, 2026 · UBS: Maintains rating (Buy → Buy)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (6)
- Barclays Maintains Overweight on Newmont, Lowers Price Target to $125 (opens in a new tab) — Benzinga
- Scotiabank Maintains Sector Outperform on Newmont, Lowers Price Target to $147 (opens in a new tab) — Benzinga
- TD Cowen Upgrades Newmont to Buy, Lowers Price Target to $127 (opens in a new tab) — Benzinga
- RBC Capital Maintains Outperform on Newmont, Lowers Price Target to $135 (opens in a new tab) — Benzinga
- B of A Securities Maintains Buy on Newmont, Lowers Price Target to $132 (opens in a new tab) — Benzinga
- Jefferies Maintains Buy on Newmont, Lowers Price Target to $146 (opens in a new tab) — Benzinga
Technicals
Evidence
- Average true range (ATR)
- 3.5%
- Distance to 52-week high
- -28.2%
- 14-day change (14d)
- +2.7%
- 30-day change (30d)
- -5.9%
- 30-day relative strength
- -6.4%
- SPY change (30d)
- +0.4%
- Nearest support
- 95.63
- Nearest resistance
- 96.09
- Volume accumulation ratio (14d / 46d)
- 0.98
Trends
Evidence
- Average earnings surprise
- +24.9%
- April 23, 2026: actual EPS 2.9 vs estimate 2.17 (surprise +33.5%)
- February 19, 2026: actual EPS 2.52 vs estimate 2.03 (surprise +24.3%)
- October 23, 2025: actual EPS 1.71 vs estimate 1.44 (surprise +18.8%)
- July 24, 2025: actual EPS 1.43 vs estimate 1.16 (surprise +22.9%)
Expected move
- Implied move
- +7.2%
- Source
- Options chain
Reactions over its last 20 earnings
- Median move
- 4.8%
- 75th percentile move
- 7%
- 90th percentile move
- 12.6%
- Up / down moves
- 6 / 14
- Average up move
- +6.2%
- Average down move
- -5.2%
Monitoring and close
What Newmont Corporation reported
- Status
- Finished
| Actual EPS | 2.1 |
|---|---|
| EPS estimate | 1.99 |
| EPS surprise | +5.7% |
Newmont beat Q2 earnings estimates but missed revenue forecasts. Shares fell despite higher profit and cash flow, as gold prices declined.
Sources (6)
- Newmont Corporation (NEM) Tops Q2 Earnings Estimates (opens in a new tab) — Zacks
- Newmont Reported Strong Earnings and Cash Flow. The Stock Is Down. (opens in a new tab) — Barrons.com
- Newmont Corp (NYSE:NEM) Earnings Beat but Revenue Miss Highlights Mixed Quarter (opens in a new tab) — ChartMill
- Newmont Reports Higher Profit Despite Lower Gold Prices (opens in a new tab) — The Wall Street Journal
- Newmont Q2 Adj. EPS $2.10 Misses $2.18 Estimate, Sales $6.118B Miss $6.491B Estimate (opens in a new tab) — Benzinga
- Earnings per share: $2.10 vs $1.99 expected — above expectations. — Yahoo Finance
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Partial
- Consolidated
- -1.6%
- Max favorable move (MFE)
- 1.7%
- Max adverse move (MAE)
- 2.5%