Newmont Beats Q2 EPS Estimates but Stock Drops on Revenue Miss and Lower Production
NEM sits 59% above its 52-week low of $59.96.
Summary
Newmont reported Q2 2026 EPS of $2.10, beating the $1.99 consensus, but sales of $6.1B missed the $6.4B estimate. Despite record second-quarter free cash flow of $2.2B and $1.9B returned to shareholders, shares fell 1% after hours. The decline reflects a sequential drop in realized gold prices to $4,414/oz from $4,900 in Q1 and lower production of 1.29M ounces. All-in sustaining costs of $1,621/oz came in below full-year guidance, a positive signal on cost control. This follows the 8-K filed earlier today confirming the $2.2B net income and free cash flow, but the article adds analyst expectations and the negative market reaction. The stock's 60% 12-month gain may have set a high bar, and the revenue miss and production dip are weighing on sentiment despite strong profitability.
At the time of this announcement, NEM was trading at $95.20 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $101.1B. The 52-week trading range was $59.96 to $134.88. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.