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Newmont jumps after record Q1 cash flow and expanded buyback plan

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Newmont Corporation (NEM) is up 6.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to Newmont’s first-quarter 2026 earnings release, which highlighted record quarterly earnings and free cash flow alongside an increased share repurchase authorization. Investors likely responded to the combination of stronger cash generation and a clearer path to additional capital returns.

Details:

  • Newmont reported first-quarter 2026 results that included record quarterly free cash flow of $3.1 billion and said it remains on track to meet its 2026 guidance.
  • The board approved an additional $6.0 billion share repurchase authorization after the company completed prior repurchase programs.
  • Newmont cited lower costs and strong operating performance, including approximately 1.3 million attributable gold ounces produced in the quarter.
  • The quarter also benefited from asset-sale proceeds and related payments tied to its non-core divestiture program, supporting liquidity and capital returns.
  • Sources:

    Newmont (Investor Relations press release), Associated Press, Investing.com

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $NEM Insider Trading Activity

    NEM Insider Trades

    $NEM insiders have traded $NEM stock on the open market 9 times in the past 6 months. Of those trades, 0 have been purchases and 9 have been sales.

    Here’s a breakdown of recent trading of $NEM stock by insiders over the last 6 months:

    • DAVID JAMES FRY (Group Head Projects & Studies) sold 18,394 shares for an estimated $2,050,037
    • DAVID JOHN THORNTON (MD, Americas) sold 8,060 shares for an estimated $973,486
    • MARK C RODGERS (MD, Africa-Asia Pacific) has made 0 purchases and 2 sales selling 5,804 shares for an estimated $741,971.
    • PETER TOTH (EVP, Chief Sustain & Dev Off) has made 0 purchases and 2 sales selling 6,000 shares for an estimated $663,270.
    • THOMAS RONALD PALMER (CEO) sold 5,000 shares for an estimated $406,700
    • BRUCE R BROOK has made 0 purchases and 2 sales selling 4,160 shares for an estimated $360,505.

    To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

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    $NEM Hedge Fund Activity

    We have seen 852 institutional investors add shares of $NEM stock to their portfolio, and 721 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

    $NEM Analyst Ratings

    Wall Street analysts have issued reports on $NEM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • UBS issued a "Buy" rating on 12/01/2025

    To track analyst ratings and price targets for $NEM, check out Quiver Quantitative's $NEM forecast page.

    $NEM Price Targets

    Multiple analysts have issued price targets for $NEM recently. We have seen 6 analysts offer price targets for $NEM in the last 6 months, with a median target of $150.5.

    Here are some recent targets:

    • Jackie Przybylowski from BMO Capital set a target price of $145.0 on 04/24/2026
    • Anita Soni from CIBC set a target price of $176.0 on 04/21/2026
    • Daniel Major from UBS set a target price of $140.0 on 03/27/2026
    • Tanya Jakusconek from Scotiabank set a target price of $151.0 on 03/20/2026
    • Alexander Hacking from Citigroup set a target price of $150.0 on 03/03/2026
    • Bob Brackett from Bernstein set a target price of $157.0 on 02/27/2026

    This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.

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