Key Stats for Newmont Corporation Stock
- Past-Week Performance: 11%
- 52-Week Range: $41 to $132
- Valuation Model Target Price: $138
- Implied Upside: 4.3% over 1.9 years
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What Happened?
Newmont Corporation stock rose about 11% over the past week, climbing from roughly $119 to about $132 and finishing near its 52-week high after moving higher across several sessions. The steady price action points to sustained buying interest rather than a single headline-driven move.
The stock moved higher as gold prices increased during the week, which directly improved expectations for Newmont’s near-term earnings and free cash flow.
Higher realized gold prices lift revenue per ounce, strengthening confidence in cash generation and making the stock more attractive as a leveraged exposure to bullion.
Analyst positioning supported sentiment. Bank of America maintains a Buy rating with a $115 price target, while CIBC World Markets rates the stock a Strong Buy.
Newmont carries a Buy consensus rating with an average price target of $106, reinforcing a broadly constructive backdrop even as targets trail the recent share price.
Looking ahead, attention is turning to Newmont’s upcoming earnings report, where updated production guidance, cost trends, and capital return priorities are expected to shape expectations.
With gold prices elevated and execution in focus, last week’s move reflects improving confidence in near-term fundamentals rather than speculative trading.
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Is Newmont Corporation Undervalued?
Under valuation model assumptions, the stock is modeled using:
- Revenue Growth (CAGR): 12.9%
- Operating Margins: 54.0%
- Exit P/E Multiple: 14.5x
Based on these inputs, the model estimates a target price of $138, implying about 4.3% total upside from recent levels over the next 1.9 years.
Near-term performance is closely tied to how effectively Newmont converts higher gold prices into free cash flow while maintaining stable production volumes across its core mines.
Cost discipline remains important, particularly as energy and labor expenses influence margin durability.
Portfolio optimization and capital allocation decisions continue to support balance sheet strength and cash flow resilience.
At current levels, Newmont appears undervalued, with future performance likely driven by gold price trends and operational execution rather than a major valuation re-rating.
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