RBC raised target for Newmont Corp stock to USD 155.00
Published on 10/09/2026 at 15:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- RBC raised Newmont's target from USD 135.00 to USD 155.00 on September 16, 2026.
- Second-quarter revenue reached USD 6.12 billion, while earnings per share beat consensus by USD 0.05.
- Newmont Corp stock was trading at EUR 105.16 at Lang & Schwarz on October 9, 2026, up 2.09 percent.
- Third-quarter 2026 results are scheduled for October 22, 2026, after the North American market close.
Newmont Corp stock was trading at EUR 105.16 at Lang & Schwarz on October 9, 2026 at 3:11 p.m. CEST, up 2.09 percent versus the prior close of EUR 103.01. MarketScreener reported on September 16, 2026 that RBC Capital raised its Newmont target from USD 135.00 to USD 155.00 and kept an Outperform rating.
Why the target moved higher
The RBC action followed a series of valuation changes across Wall Street. The same MarketScreener page lists a Goldman Sachs target cut from USD 110.60 to USD 127.50 on September 15, 2026, while RBC moved in the opposite direction with its USD 20.00 increase.
The Nevada Gold Mines settlement provides a strategic backdrop. A September 29, 2026 analysis reported that Newmont agreed to pay Barrick USD 1.95 billion after Fourmile, Fiberline and Mike were brought into the joint venture, while the ownership split remained 61.50 percent for Barrick and 38.50 percent for Newmont.
What does cash flow show?
Newmont reported USD 6.12 billion of revenue in the second quarter of 2026, below the USD 6.35 billion consensus cited by MarketBeat. Earnings per share came to USD 2.10, beating the USD 2.05 estimate by USD 0.05, and exceeded the USD 1.43 reported in the same period a year earlier.
ScanX News reported USD 2.20 billion of free cash flow for the second quarter of 2026 and gold production of 1.30 million ounces. The reported operating picture therefore combines a revenue shortfall against consensus with substantial cash generation.
Three milestones set the valuation
On July 23, 2026, Newmont reported second-quarter revenue of USD 6.12 billion and earnings per share of USD 2.10, according to MarketBeat. On August 10, 2026, Newmont agreed to the USD 1.95 billion Nevada settlement described by Discovery Alert. On September 16, 2026, RBC raised its target to USD 155.00 from USD 135.00, as documented by MarketScreener.
Results date is October 22
Newmont is scheduled to release third-quarter 2026 results after the North American market close on October 22, 2026, with the conference call set for 5:30 p.m. EDT that day, according to Newmont. The release will test whether the second-quarter cash-flow strength was sustained while revenue remained below consensus.
Price gains ahead of results
Newmont Corp stock was trading at EUR 105.16 at Lang & Schwarz on October 9, 2026 at 3:11 p.m. CEST, up 2.09 percent versus the prior close of EUR 103.01. The primary listing is on the NYSE in USD, where the one-year range was USD 76.05 to USD 135.29 and market capitalization stood at USD 121.8 billion as of October 8, 2026.
The further course of trading is shown by the continuously updated real-time quote of Newmont Corp stock.
Newmont Corp stock facts
- Company: Newmont Corporation
- ISIN: US6516391066
- Ticker: NEM
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 9, 2026, 3:11 p.m. CEST: EUR 105.16
- Change versus prior close: plus 2.09 percent
- Prior close Lang & Schwarz September 8, 2026: EUR 103.01
- Market capitalization: USD 121.8 billion as of October 8, 2026
- 52-week range: USD 76.05-135.29 as of October 8, 2026
- Sector / Industry: Materials / Gold
- Index membership: S&P 500
- Next earnings date: October 22, 2026
Market context: Market report S&P 500.
