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Newmont Corporation (NYSE:NEM) ranks among our Most Undervalued High Quality Stocks to Buy Now. Wall Street has been bullish on Newmont Corporation (NYSE:NEM) since its fiscal Q1 2026 earnings report, announced on April 23.
During the quarter, the company posted $7.31 billion in revenue, reflecting 45.85% year-over-year growth and topping the consensus by $741.7 million. The GAAP EPS of $3 also exceeded expectations by $0.98. The performance was driven by 1.3 million ounces of gold produced during the quarter, supported by increased output at Cadia, Merian, and Ahafo South, as well as improvements at Yanacocha and Peñasquito.
Following the results on April 27, TD Securities analyst Steven Green raised the firm’s price target on Newmont Corporation (NYSE:NEM), while maintaining a Hold rating on the shares. The firm noted that they updated the valuation model after the company posted strong Q1 results.
Based in Colorado, Newmont Corporation (NYSE:NEM) is an American multinational mining company. Newmont is best known for its gold mining operations, but it also mines silver, zinc, copper, and lead. In addition to the US, Canada, and Mexico, the company operates mines in Australia, Peru, Ghana, and other countries.
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