Bernstein has reduced the price target for Newmont Corporation to $144, reflecting challenges including a 13% drop in gold production and rising costs expected to reach $1,680 per ounce in 2026. Despite these issues, Newmont's stock gained 34.5% in August, boosted by higher gold prices and a resolved dispute with Barrick Mining. The company projects lower gold output in 2026, signaling ongoing operational difficulties but still offers a potential upside of about 13%.
Newmont Corporation reported strong Q3 results, surpassing expectations for earnings per share and revenue. The company reaffirmed its gold production guidance for 2026, signaling confidence in its future output. Despite a 22% rally since July narrow...
Newmont Corporation reported stronger-than-expected Q3 2026 earnings, with adjusted net income of $2.20 per share, surpassing analyst estimates. The company's improved performance was driven by higher gold sales volumes and elevated metal prices, des...
