Newmont Shares Rise on Record Cash Flow and Higher Gold Prices
Newmont Corp (US6516391066) stock is trading well in late August 2026, driven by record second-quarter cash generation and higher gold prices. The company's operating cash flow of $2.9 billion and free cash flow of $2.2 billion for the quarter ending June 30, 2026, underpin its ability to convert higher gold prices into strong liquidity.
Newmont reaffirmed its full-year 2026 guidance of 5.3 million attributable gold ounces, which is consistent with its status as one of the world's largest gold producers. The company has returned $1.9 billion to shareholders through dividends and share repurchases since the prior earnings call, demonstrating its commitment to capital return.
The prevailing analyst consensus rating on Newmont is Moderate Buy, with a consensus target price of $132.59 per share. Analysts forecast that Newmont will post 9.01 earnings per share for the current fiscal year 2026, which implies a forward price-to-earnings multiple in the mid-teens.