Newmont Corp stock holds near $123 as targets rise

Published on 09/22/2026 at 12:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Newmont Corp stock closed at USD 123.10 on September 20, 2026, 8.1 percent below the average target. Q2 adjusted EPS rose 74 percent year over year.

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Newmont Corp (ISIN US6516391066) closed at USD 123.10 on the New York Stock Exchange on September 20, 2026, while the average analyst target stood at USD 133.07. The gap of 8.1 percent gives the market a clear reference point as gold prices and company execution drive the investment case.

Analyst targets stay higher

According to TipRanks on September 21, 2026, Bernstein analyst Bob Brackett maintained a Buy rating and set a USD 144.00 price target, while Goldman Sachs had maintained a Buy rating with a USD 127.50 target on September 15, 2026. The same TipRanks report put the average consensus target at USD 139.88, or 12.8 percent above the cited closing price.

The spread between the individual targets matters. Bernstein's USD 144.00 target is USD 20.90 above the September 20 closing price, while the Goldman Sachs target is only USD 4.40 higher, showing that the bullish view is not uniform in magnitude.

Q2 earnings support the case

Newmont's second-quarter 2026 adjusted earnings per share reached USD 0.82, up 74 percent from the second quarter of 2025, while reported earnings per share rose 55 percent to USD 0.73, according to Baystreet on September 21, 2026. The comparison gives the valuation debate a measurable operating anchor rather than relying only on the gold-price narrative.

Operational expansion adds another quantified element. As Yahoo Finance reported on September 21, 2026, Newmont expects Ahafo North to produce 315,000 ounces in 2026, within an annual range of 275,000 to 325,000 ounces over an estimated 13-year mine life.

Nevada deal adds a cash commitment

Newmont and Barrick reached an agreement covering excluded properties and governance at Nevada Gold Mines, with consideration of USD 1.95 billion from Newmont to Barrick, according to Baystreet on September 21, 2026. The transaction may simplify the joint venture structure, but its size also places capital allocation alongside production growth in the valuation discussion.

Stock remains below yearly high

Newmont traded between USD 121.82 and USD 126.22 on September 20, 2026. Its market capitalization was USD 129.97 billion and its price-to-earnings ratio was 15.58 on that date, while the session close remained 2.5 percent below the intraday high.

Newmont Corp stock closed at USD 123.10 on the New York Stock Exchange on September 20, 2026, with the cited market capitalization at USD 129.97 billion. The USD 144.00 Bernstein target and the USD 1.95 billion Nevada transaction provide the two clearest numerical markers for the current debate.