Barclays cuts Newmont target. Newmont stock falls 1.57 percent

Published on 10/21/2026 at 10:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays cut its target to USD 123 from USD 124. Newmont stock costs EUR 103.88 on October 21, 2026, 1.57 percent below Xetra close.

Analyst targets and earnings date

Barclays cut its Newmont target to USD 123 from USD 124 on October 19, 2026.
Newmont reported second-quarter revenue of USD 6.12 billion against USD 6.35 billion consensus on July 23, 2026.
Newmont stock trades at EUR 103.88 at 10:41 a.m. CEST at Lang & Schwarz on October 21, 2026, 1.57 percent below the Xetra close of October 20, 2026.

Schwarz-weißes Dokumentarfoto von Minenarbeitern auf einem Steg vor Industrieanlagen — Newmont Corporation (US6516391066): Schwarz-Weiß-Reportagefoto von Bergarbeitern mit Helmen auf einem industriellen Minengelände, Illustration mit AI erstellt.

Newmont Corp (ISIN US6516391066) was trading at EUR 103.88 at Lang & Schwarz on October 21, 2026, at 10:41 a.m. CEST, 1.57 percent below the Xetra close of October 20, 2026 at EUR 105.54. On October 19, 2026, Barclays cut its Newmont target from USD 124 to USD 123 while keeping an Overweight rating, as Markets Insider reported.

Why the target cut matters

The Barclays change arrives before Newmont's third-quarter report, making the next earnings release the immediate test for production, costs and cash generation. Zolmax reported that the company is expected to publish third-quarter results after the market closes on October 22, 2026, with consensus at USD 1.96 adjusted earnings per share and USD 6.26 billion of revenue.

The recent target revisions are mixed. Bernstein raised its target from USD 144 to USD 150 on October 16, 2026, while Barclays moved lower from USD 124 to USD 123. MarketScreener listed 23 analysts and an average target of USD 137.43 in its Newmont overview dated October 19, 2026, but that consensus figure is not a guarantee of the next share-price move.

What does the next report need to show?

Newmont's second-quarter figures provide the clearest benchmark. On July 23, 2026, the company reported USD 2.10 adjusted earnings per share, above the USD 2.05 consensus, while revenue reached USD 6.12 billion against USD 6.35 billion expected, according to Zolmax. The revenue shortfall means production and cost disclosures may matter as much as earnings per share.

Three dates frame the story

On July 23, 2026, Newmont reported USD 2.10 adjusted earnings per share versus USD 2.05 expected. On October 16, 2026, Bernstein raised its target from USD 144 to USD 150. On October 19, 2026, Barclays cut its target from USD 124 to USD 123.

Next reporting date

Newmont's next substantiated event is the third-quarter earnings release on October 22, 2026, followed by a conference call scheduled for 5:30 p.m. ET, according to Zolmax.

Newmont stock stays below its peak

Newmont's primary listing is on the NYSE, where the stock's quoted range was USD 76.05 to USD 135.29 in the latest market overview. The EUR quote is below the October 20 Xetra close, while the upcoming report could reset expectations around costs and production.

Newmont stock was trading at EUR 103.88 at Lang & Schwarz on October 21, 2026, at 10:41 a.m. CEST, 1.57 percent below the Xetra close of October 20, 2026 at EUR 105.54. The further course of trading is shown by the continuously updated real-time quote of Newmont stock.