Newmont stock holds above $117 as Q2 cash flow surges
Published on 08/13/2026 at 13:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Newmont Corp (US6516391066) stock is holding close to $117.77 as of August 12, 2026, after a modest 0.48% gain in the latest New York session that pushed the shares to a fresh short-term closing high.
Q2 earnings deliver a profit jump
Per a recent earnings summary, Newmont reported adjusted earnings of $2.10 per share in the second quarter of 2026, a 46.9% increase from $1.43 in the prior-year quarter and a clear sign that higher gold prices and portfolio changes are feeding through to the bottom line. The earnings recap also highlights that the latest quarter marks one of Newmont's strongest year-over-year profit jumps in recent years, giving the miner more flexibility on dividends and project spending.
In a sector-focused update dated August 13, 2026, Newmont is described as the largest gold producer globally and is credited with delivering record second-quarter free cash flow of $2.2 billion. That energy metals overview ties the cash flow strength to a production mix that included approximately 1.3 million attributable gold ounces plus meaningful volumes of copper and silver, underscoring that the company is now benefitting from multiple commodity streams.
Production, prices and guidance
The same August 13, 2026 update notes that Newmont's average realized gold price in the latest reported period reached $4,414 per ounce, a 33% increase versus the comparable prior period while costs applicable to sales rose only 4%. This pricing context shows how margin expansion has become a key driver of earnings, with revenue growth far outpacing cost inflation.
Full-year guidance for roughly 5.3 million attributable gold ounces was reaffirmed in that August 13, 2026 commentary, providing investors with a clear volume baseline for the year despite operational challenges at certain mines. The same guidance note adds that Newmont still expects to hit its production range, supported by stable performance at core assets and the ramp-up of key growth projects.
Analyst valuations and price targets
Against this fundamental backdrop, recent data compiled by a valuation-focused portal indicates that Newmont shares trade at $119.10 versus an estimated fair value of $79.11, suggesting the stock is 50.5% overvalued on that metric. The valuation overview highlights a debate between strong cash generation and a share price that already discounts much of the improvement.
For the Canadian listing of Newmont, which trades under the ticker NGT, a consensus view compiled on August 13, 2026 points to an average 12-month price target of C$125.00, versus a current price of C$116.00. The consensus forecast implies expected upside of 7.76% from that Canadian price, supporting the idea that analysts see further room for gains even after the recent run.
Current trading picture and short interest
In US trading, a quote snapshot from August 12, 2026 shows Newmont closing at $117.77, up $0.56 or 0.48% on the day, with extended trading later indicating a modest pullback to $116.58. The latest NEM quote confirms that the stock is consolidating just under $118, a zone that now acts as near-term resistance after the recent move higher.
A separate short-interest update dated August 13, 2026 reports that, as of July 31, 2026, traders were short 18.47 million Newmont shares, representing 1.75% of the public float. The short-interest overview indicates that bearish positioning remains relatively modest, which typically points to limited pressure from large-scale short sellers at current levels.
Representative asset: Red Chris Block Cave
One project highlighted in the August 13, 2026 sector overview is the Red Chris Block Cave development in British Columbia, for which Newmont recently secured key regulatory approvals including an amended Environmental Assessment Certificate completed through a consent-based process with the Tahltan Nation. The project commentary underscores how permitting progress at Red Chris strengthens Newmont's long-term copper and gold growth pipeline, complementing its existing portfolio of large-scale mines.
Shares hold just below $118
As of the August 12, 2026 close at 3:58 p.m. ET, Newmont stock on the NYSE finished at $117.77, setting the reference point for the latest trading session and aligning closely with an indicated pre-market quote of $117.90 early on August 13, 2026. With consensus targets on the Canadian listing indicating mid-single-digit percentage upside from current levels and valuation models flagging a richer-than-average pricing, investors are weighing strong second-quarter free cash flow and reaffirmed full-year guidance against questions over how much of that improvement is already reflected in the share price.
Fact box
Company: Newmont Corp
ISIN: US6516391066
Ticker: NEM
Exchange: NYSE
Price (as of August 12, 2026, 3:58 p.m. ET): $117.77 USD
Sector / Industry: Materials / Gold mining
Index membership: S&P 500
