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NEM

NewmontA
NYSE / Materials
Last Price
Quote time unavailable
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Current thesis
Q3 cash generation, improved 2026 cost guidance and substantial repurchases support a better outlook than the May baseline. The deterministic prior turns positive, with thesis-change score 0.685, but Q4 delivery and 2027 margins remain decisive.
Posture
Constructive
Lead driver
Value
What changed
8 setup hits (3d) with net bullish as of 2026-10-29.
What can break
Gold-price sensitivity remains substantial; the company's guidance assumptions are not guaranteed realized prices. [#SEC-8K-2026-10-22]
Momentum
58
Value
66
Sentiment
65
Setup hits (3d)
8 · Net Bullish
AI TargetsBase $119.00 · Bull $138.00 · Bear $90.00Analysis 2026-10-27; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-29 • Vendor: Data Vendor v1
Scores
As of 2026-10-29 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-27 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-29

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-29. Definitions

Supporting evidence
What
Grade A · Constructive
Confidence Medium · Net Bullish
Target $137.61
Why
Momentum58 · Δ7d +12.6
Value66 · Δ7d +0.7
Sentiment65 · Δ7d +18.3
So what
Strength-led posture (Net Bullish). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • 8 setup hits (3d) with net bullish as of 2026-10-29.
  • • Value remains the lead driver in the composite, 7D delta +0.7.

Contradictions & invalidation

  • • Gold-price sensitivity remains substantial; the company's guidance assumptions are not guaranteed realized prices. [#SEC-8K-2026-10-22]
  • • Guided Q4 AISC of about $1,900 per ounce and 2027 inflation, fuel, currency and royalty pressures could outweigh gold-volume growth. [#SEC-8K-2026-10-22]
  • • Q4 guided unit costs rise sharply, and management expects 2027 cost inflation and lower by-product credits even as production grows.

Catalyst clock

2026-11-13

Q3 beat and improved cost outlook face post-print reassessment

Lead driver: Value · See fundamentals
Momentum
58
8% active weight
Current posture
7d trendImproving
Δ7d
+12.6
Δ21d
-10.9
Value
66
47% active weight
Current posture
7d trendFlat
Δ7d
+0.7
Δ21d
+0.3
Sentiment
65
45% active weight
Current posture
7d trendImproving
Δ7d
+18.3
Δ21d
+12.2
Why this grade

Composite grade A. Momentum 58.4 / Value 66.2 / Sentiment 64.5

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-27. Scenario method

B+
Bull case
25%
Probability
Target price
$138.00
Analysis reference price unavailable
Analysis 2026-10-27 · RankAlpha Sentiment Codex
Most likely
B
Base case
50%
Probability
Target price
$119.00
Analysis reference price unavailable
Analysis 2026-10-27 · RankAlpha Sentiment Codex
B-
Bear case
25%
Probability
Target price
$90.00
Analysis reference price unavailable
Analysis 2026-10-27 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-29
Market Cap
$116.18B
Beta
0.42
Shares Out
1.04B
P/E (TTM)
16.1
P/S (TTM)
5.25
P/FCF (TTM)
21.95
Rev YoY
+16.9%
EPS YoY
+11.3%
Gross Margin
+56.4%
Op Margin
+54.0%
Net Debt
-$2.53B
Current Ratio
2.55
As of 2026-10-29 • Updated nightlySource: Internal modelMethods & Data