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Newmont rated Strong Buy with $142 target, 52% upside on production growth and strong cash flow.

Company Fundamentals
28 Jul 2026
Seeking Alpha
View Source
Bullish
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Newmont Corporation is rated as a Strong Buy with a price target of $142, implying a 52% upside from the current $93 share price. The growth is driven by increased production in the second half of the year, favorable copper and silver prices, and a development pipeline expected to add about $775 million in annual EBITDA. The valuation uses an 8x forward EV/EBITDA multiple on an estimated 2026 adjusted EBITDA of $18.2 billion. Risks include lower gold prices, higher costs, and project delays, but Newmont's $3.4 billion net cash and strong cash flow provide a solid financial cushion.

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