Newmont (NEM) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure · Editorial policy
Key numbers
- Adjusted EPS
- $2.20
- Estimate
- $1.94
- Surprise
- +13.2%
- Revenue (period 2026-09-30)
- $6.36B
- Score today
- 6.1/10
Revenue source: xbrl.
How the report landed
Newmont (NEM) beat the $1.94 estimate with adjusted EPS of $2.20 — a large 13.2% upside surprise.
Where TrendMatrix's rating stands now
TrendMatrix currently rates NEM Buy (Wait) at 6.1/10; no pre/post engine snapshot brackets this report.
4 of the last 4 quarters beat the estimate; this quarter's +13.2% surprise compares with a +19.1% four-quarter average.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=9.1 in RISK_OFF)
- Strong earnings beat streak (4/4)
What argues against it
- Concentration risk — Commodity: gold (85.0%)
- Thin upside margin: 9.2%
- Sector modifier (Basic Materials): -0.1
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $112.21
- Entry target
- $106.59
- Price target
- $122.57
- Stop
- $99.15
- Upside to target
- +9.2%
- Reward-to-risk
- 1.4:1
The stock trades at 14.4× trailing but 11.2× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-10-23 — shown for context, not personalized investment advice.
NEM at TrendMatrix's latest read
Materials producers report against the commodity cycle — realized-price capture and volume, not the EPS line, are the tells in a quarter like this.
- Industry
- Gold
- Market cap
- $120.24B
- P/E (fwd)
- 11.2
- P/E (ttm)
- 14.4
- 52-week range
- $76.05–$135.29
- Off 52-week high
- 17.1%
- RSI (14)
- 44
- Volume vs avg
- 0.18×
- Score today
- 6.1/10