Newmont maintains 2026 outlook for Newmont Corp stock

Published on 10/01/2026 at 12:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Gold output reached 1.3 million ounces in the second quarter of 2026. Newmont Corp stock costs EUR 101.76 on October 1, 2026 versus EUR 101.91.

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Newmont Corp (ISIN US6516391066) maintained its full-year 2026 outlook after reporting second-quarter production of 1.3 million gold ounces on September 24, 2026, according to Business Wire. The update keeps operational execution and shareholder returns at the center of the investment case.

Cash flow supports the outlook

Newmont generated USD 2.9 billion of cash flow from operations and a second-quarter record of USD 2.2 billion in free cash flow, as Benzinga reported on September 17, 2026. Adjusted earnings per share reached USD 2.10 in the same quarter, giving the company substantial cash to fund projects, dividends and repurchases.

The operating comparison is favorable: realized gold prices rose USD 1,100 per ounce year over year in the second quarter, while absolute cost applicable to sales increased 4 percent, according to Benzinga. That spread explains why stronger gold pricing translated into higher cash generation even as fuel and other operating costs increased.

UBS lifts its price target

UBS raised its Newmont price target to USD 155.00 from USD 120.00 and kept a Buy rating on September 18, 2026, according to Yahoo Finance. The bank highlighted Newmont's capital returns framework, which targets net cash of USD 1.0 billion to USD 3.0 billion and directs 100 percent of free cash flow above that range to dividends and buybacks.

Newmont declared a quarterly dividend of USD 0.26 per share in the second quarter, unchanged from the prior quarter, while the company has repurchased more than 100 million shares since launching its buyback program, according to Benzinga. The capital allocation details make cash conversion more important than production growth alone for the next phase of the story.

Newmont stock stays below its prior close

Newmont stock was trading at EUR 101.76 at Lang & Schwarz on October 1, 2026 at 12:17 p.m. CEST, down minus 0.15 percent versus the Lang & Schwarz prior close of EUR 101.91 on September 30, 2026. On the NYSE, the stock was last quoted at USD 115.34 on September 30, 2026, with a 52-week range of USD 76.05 to USD 135.29 and a market capitalization of USD 121.5 billion.

The further course of trading is shown by the continuously updated real-time quote of Newmont stock.