BMO raises target for Newmont stock from USD 135.00 to USD 145.00
Published on 10/06/2026 at 11:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Newmont Corp (ISIN US6516391066) is the subject of a BMO Capital Markets target increase from USD 135.00 to USD 145.00, as MarketBeat reported on September 30, 2026. The increase gives the target 25.21 percent upside to the USD 115.82 NYSE price dated October 5, 2026.
Target rises as results build support
The target revision follows Newmont's second-quarter operating performance. Benzinga reported that the company produced 1.3 million ounces of gold, 17,000 tonnes of copper and 7 million ounces of silver in the second quarter of 2026.
The same transcript records USD 2.9 billion in operating cash flow and USD 2.2 billion in record free cash flow for the second quarter. Newmont also held USD 3.4 billion in net cash, while gold all-in sustaining costs stood at USD 1,621 per ounce against full-year guidance of USD 1,680 per ounce.
Revenue missed while earnings beat estimates
MarketBeat reported second-quarter revenue of USD 6.12 billion versus a USD 6.35 billion consensus estimate, while earnings per share reached USD 2.10 against USD 2.05 expected. The earnings result beat consensus by USD 0.05, but revenue fell USD 0.23 billion short.
That split matters for the stock story: higher gold prices supported cash generation, while the revenue miss leaves execution and production timing as the key operating checks. Newmont's second-quarter cash flow provides a quantified counterweight to the weaker top-line comparison.
October results date sets the next marker
Newmont will release third-quarter 2026 results after North American markets close on October 22, 2026, according to Business Wire. The company is listed on the NYSE under ticker NEM, and the scheduled report will test whether the second-quarter cash conversion continues into the second half.
Newmont Corp stock was trading at EUR 103.00 at Lang & Schwarz on October 6, 2026 at 11:38 a.m. CEST, down 0.31 percent versus the prior close of EUR 103.32. The further course of trading is shown by the continuously updated real-time quote of Newmont stock.
Newmont stock facts
- Company: Newmont Corporation
- ISIN: US6516391066
- WKN: 853823
- Ticker: NEM
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 6, 2026, 11:38 a.m. CEST): EUR 103.00
- Change versus prior close: minus 0.31 percent
- Prior close Lang & Schwarz (October 5, 2026): EUR 103.32
- Market capitalization: USD 122.0 billion (as of October 5, 2026)
- 52-week range: USD 76.05-135.29 (as of October 5, 2026)
- Sector / Industry: Basic Materials / Gold
- Index membership: S&P 500
- Next earnings date: October 22, 2026
