Newmont Corp stock falls after Bernstein keeps Buy rating and investors lock in gains

Published on 09/11/2026 at 12:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Newmont Corp stock closed at USD 126.05 on September 10, 2026, down 2.07 percent from the prior session as investors took profits after a strong year-to-date run. Bernstein reiterated its Buy rating with a USD 144.00 target based on Q2 2026 revenue of USD 3.45 billion and net profit of USD 2.2 billion.

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Newmont Corporation stock (ISIN US6516391066) closed at USD 126.05 on the New York Stock Exchange on September 10, 2026, down 2.07 percent from the prior session and still about 26.4 percent above its level at the start of 2026 according to MarketBeat data.

Bernstein reiterates Buy rating with upside to USD 144

As The Globe and Mail reported on September 10, 2026, Bernstein analyst Bob Brackett maintained a Buy rating on Newmont Corp stock with a price target of USD 144.00, implying roughly 14.2 percent potential upside from the USD 126.05 closing price on September 10, 2026.

In the same report, The Globe and Mail noted that TD Cowen also maintained a Buy rating on Newmont with a price target of USD 133.00 as of August 31, 2026, indicating that two major analyst houses see double-digit upside from current levels.

Q2 2026 results support the positive view

According to The Globe and Mail, Newmont reported revenue of USD 3.45 billion and net profit of USD 2.2 billion for the quarter ending June 30, 2026, figures that underpin the Buy ratings.

Based on that Q2 2026 performance, net profit represented about 63.8 percent of quarterly revenue, highlighting strong profitability for the world’s largest gold producer during that period.

Analyst consensus also reflects expectations for further growth: per Yahoo Finance estimates updated around September 10, 2026, the average analyst forecast sees Newmont generating USD 6.19 billion in revenue in the current quarter ending September 2026 and USD 26.69 billion for full-year 2026, with expected earnings per share of USD 9.15 for 2026 rising to USD 10.08 in 2027.

The same Yahoo Finance overview shows that analysts expect Newmont’s revenue to grow about 32.8 percent for 2026 and a further 10.2 percent in 2027 compared with the prior year, indicating that the street anticipates sustained expansion beyond the strong Q2 2026 figures.

Stock performance and technical context

Newmont Corp stock has delivered a strong run into September: according to MarketBeat, the shares were trading at USD 99.76 at the beginning of 2026 and have since climbed by 26.4 percent to USD 126.05 as of the close on September 10, 2026.

The same MarketBeat snapshot shows Newmont’s stock changing hands between USD 123.74 and USD 132.11 during the latest session on September 10, 2026 and classifies the overall analyst consensus rating as Moderate Buy, with an average target price of USD 132.11 compared with the actual closing level of USD 126.05.

That average target of USD 132.11 sits 4.8 percent above the September 10, 2026 close, while Bernstein’s USD 144.00 target is 14.2 percent above the same price, illustrating a range of expected upside among covering analysts.

For investors, the recent dip of 2.07 percent on September 10, 2026 after a gain of more than 26 percent year to date can be interpreted as profit taking rather than a fundamental shift, especially in light of the reiterated Buy ratings and earnings growth expectations.

Risks: insider sentiment and gold price sensitivity

In its September 10, 2026 report, The Globe and Mail highlighted that corporate insider sentiment for Newmont is currently negative based on recent transactions by 77 insiders, a factor that could temper enthusiasm despite the supportive earnings picture.

For gold miners such as Newmont, another key risk factor is the underlying gold price, which directly affects margins and cash flow; while the available sources focus on Newmont’s financials and ratings, investors must keep in mind that any sustained decline in gold prices would likely pressure the company’s revenue and profitability even if operational performance remains strong.

Newmont Corp stock price and valuation snapshot

Newmont Corporation stock closed at USD 126.05 on the New York Stock Exchange on September 10, 2026, representing a 2.07 percent decline on the day but a 26.4 percent gain since the start of 2026 according to MarketBeat data; at that price the shares trade modestly below the average analyst target of USD 132.11 and well below Bernstein’s USD 144.00 target, leaving room for potential upside if the company delivers on the earnings growth analysts expect.