Newmont stock holds firm after record Q2 cash flow
Published on 08/31/2026 at 19:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Newmont Corp (US6516391066) is holding firm after second-quarter 2026 results showed $2.2 billion in free cash flow, $2.10 in adjusted EPS and $6.12 billion in revenue. Newmont also reported 1.3 million attributable gold ounces and 7 million ounces of silver in the quarter, while the share count remained in the spotlight after the company said it had returned $1.9 billion to shareholders since the previous earnings call.
Q2 numbers stay strong
In the most recent report, Newmont said its all-in sustaining costs were $1,621 per ounce and its gold by-product costs applicable to sales were $1,043 per ounce. The company also kept its full-year 2026 production guidance at 5.3 million attributable gold ounces, giving investors a concrete benchmark against the quarter's 1.3 million-ounce output.
The comparison matters because revenue of $6.12 billion came in below the $6.35 billion consensus estimate cited in market coverage, even as adjusted EPS of $2.10 topped the $2.05 expectation. That mix shows why the market keeps focusing on cost control and cash generation rather than just the top line.
Gold price backdrop
Newmont shares opened at $127.84, with a market cap of $134.70 billion and a 1-year range of $72.78 to $135.29. The stock sits close to the top of that band, and the gap between the 1-year low and the latest opening price underlines how strongly the gold rally has re-rated the company.
Analyst coverage in recent market reporting points to a consensus price target of $132.73 and a 0.8% dividend yield. Those figures put the stock in a tight trading range: the latest opening price is only a few dollars below the consensus target, while the quarterly dividend remains a modest but visible part of the return profile.
Newmont's core engine
The company's portfolio is built around large-scale gold mining, with second-quarter 2026 output centered on attributable ounces, silver by-product and copper from managed operations. That mix matters because the quarter's record free cash flow and the $3.4 billion net cash position reported in market coverage depend on both production volume and the realized price environment.
Newmont stock near the high
Newmont stock was last cited at $127.84 as of August 31, 2026, versus a 1-year high of $135.29. The latest opening price also leaves the shares well above the 1-year low of $72.78, keeping the market value at $134.70 billion.
More on Newmont stock
Company: Newmont Corp
ISIN: US6516391066
Ticker: NEM
Exchange: NYSE
Sector / Industry: Materials / Gold
Index membership: S&P 500
Market cap: $134.70 billion
Next earnings date: September 28, 2026
Company: Newmont Corp
ISIN: US6516391066
