Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

Newmont's stock drops 30% despite strong Q1 results and $6B buyback amid gold's Q2 slump.

Company Fundamentals
07 Jul 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Newmont Corporation, the world's largest gold miner, saw its stock fall about 30% following gold's biggest quarterly drop in 13 years during Q2. Despite this, Newmont reported a strong Q1 with revenue up 46% to $7.31 billion, beating earnings estimates and generating a record $3.1 billion in free cash flow. The company completed a $6 billion share buyback and authorized another $6 billion. Management reaffirmed its 2026 production guidance, with analysts projecting significant profit and revenue growth. Factors like falling oil prices, a potential gold price rebound, and a solid balance sheet support strategies to mitigate downside risk and seek attractive returns even if the stock remains flat.

More News (NEM)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App