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 narrowing its valuation margin, the stock remains a Buy due to robust free cash flow, aggressive share buybacks, and a solid balance sheet. However, the stock faces technical resistance near $135 and softer momentum, with support in the high $80s.
Newmont Corporation (NEM) trades at USD 109.88 on Pluang as of Oct 23, 2026 22:01 WIB, down 3.71% for the day. The stock's 52-week high stands at USD 135.14, close to the technical resistance mentioned in the article. Despite the recent pullback, the market cap remains substantial at $120.24 billion, reflecting ongoing investor interest amid the company’s strong cash flow and buyback activities.
