NEM

Newmont Corporation (NEM) projects low- to mid-single-digit gold production growth in 2027 following a 2026 trough, with 2026 guidance improved to ~5.3M ounces. However, the company warned of higher 2027 unit costs due to declining silver credits at Peñasquito and labor inflation exceeding 2026 levels. NEM plans a $4.2-4.8B investment in Red Chris targeting 2033 production, with development spending expected to rise ~$500M in 2027.

Newmont reported $1.9 billion in free cash flow for Q3 2026 and reduced its full-year gold production cost guidance by 10% to $1,520 per ounce. The company expanded its Nevada Gold Mines joint venture by acquiring three previously excluded properties for $1.95 billion. Production is expected to resume growth in 2027 following a planned production low point in 2026.

Newmont Corporation reported Q3 2026 revenue of $6.36 billion, up 15.2% year-over-year, beating the consensus estimate of $6.01 billion by 5.87%. EPS came in at $2.20 versus the estimate of $1.94, representing a 13.4% surprise.

However, total gold production of 1,302 Koz fell slightly short of analyst estimates of 1,317.21 Koz. The stock has declined 5.2% over the past month and carries a Zacks Rank #3 (Hold) rating.

Newmont Corporation reported Q3 2026 earnings of $2.2 per share, beating consensus estimates of $1.94 and representing a 13.4% earnings surprise. The gold and copper miner also exceeded revenue expectations with $6.36 billion versus estimates of $6.01 billion. However, the stock received a Zacks Rank #3 (Hold) rating due to mixed estimate revisions, and the Mining - Gold industry ranks in the bottom 14% of Zacks industries.

FXZ is a smart beta ETF launched in 2007 that tracks the StrataQuant Materials Index with $371.33 million in assets. The fund has gained 20.02% year-to-date and 28.88% over the past year, with an expense ratio of 0.64% and a 1.34% dividend yield.

It holds approximately 40 stocks with heavy exposure to the Materials sector (85.9%), with top holdings including Newmont Corporation, Anglogold Ashanti, and Coeur Mining. The fund carries medium risk with a beta of 1.07 and is presented as a reasonable option for investors seeking to outperform the Materials ETF segment.

Newmont Corporation is set to report Q3 2026 results on October 22, with analysts predicting an earnings beat. While higher realized gold prices (~$4,428/oz, up 25% YoY) are expected to boost revenues and margins, weaker production (down 13% YoY to 1.29M oz) and significantly higher costs (AISC up 25.2% YoY to $1,961/oz) are likely to offset pricing gains. The company faces headwinds from strategic divestitures, lower output from key mines, and elevated sustaining capital spending.

The First Trust Materials AlphaDEX ETF (FXZ) is a passively managed fund providing broad exposure to the Materials sector with $372 million in assets. It has delivered 20.42% year-to-date returns and 27.69% over the past year, with a 0.64% expense ratio.

The fund holds about 40 stocks with 85.9% allocation to Materials, led by holdings in Newmont Corporation, Anglogold Ashanti, and Coeur Mining. It carries a Zacks ETF Rank of 3 (Hold) and is considered a medium-risk option with a beta of 1.07.

Newmont Corporation (NEM) declined 1.33% to $115.59, underperforming the S&P 500's 0.02% loss. The stock has fallen 4.81% over the past month, significantly worse than the S&P 500's 2.05% gain, though the Basic Materials sector declined 5.62%.

Upcoming Q3 earnings on October 22, 2026 are expected to show EPS of $1.92 (up 12.28% YoY) and revenue of $6.01 billion (up 8.8% YoY). NEM holds a Zacks Rank #3 (Hold) with a Forward P/E of 12.95, trading at a premium to its industry average of 12.

Newmont Corporation (NEM), one of the world's largest gold producers, is highlighted as a potential growth stock pick. The company holds a #3 (Hold) Zacks Rank with a Grade A Growth Style Score, forecasting 31.4% year-over-year earnings growth for fiscal 2026. Three analysts revised earnings estimates higher in the last 60 days, with a consensus estimate of $9.05 per share and an average earnings surprise of +24.8%.

Newmont Corporation (NEM), a gold and copper miner, has declined 9.6% over the past month, underperforming the S&P 500. The company shows strong earnings growth expectations (+31.9% for current fiscal year) and revenue growth forecasts (+14.5% for current fiscal year), with a history of beating EPS estimates.

However, it carries a Zacks Rank #3 (Hold) rating, suggesting near-term performance in line with the broader market. The stock trades at a valuation discount to peers (Value Style Score: B).

Newmont Corporation (NEM), a gold and copper miner, has demonstrated a strong streak of beating earnings estimates, surpassing consensus by an average of 21.27% over the last two quarters. With a positive Earnings ESP of +6.16% and a Zacks Rank #3 (Hold), the company is well-positioned for another earnings beat in its next quarterly report expected on October 22, 2026.

Newmont Corporation (NEM) closed at $115.34, down 1.49%, underperforming the S&P 500. The gold and copper miner is expected to report Q3 2026 earnings of $1.92 per share (up 12.28% YoY) with revenue of $6.06 billion (up 9.66% YoY).

For the full year, consensus estimates project $9.09 EPS and $25.96 billion revenue. NEM holds a Zacks Rank #3 (Hold) with a Forward P/E of 12.89, trading at a premium to its industry average of 12.35.

Barrick Mining Corporation leverages strong cash generation and a solid balance sheet to return significant value to shareholders through dividends and share repurchases. The company generated $1.7 billion in operating cash flows (up 28% YoY) and returned $1.5 billion to shareholders in Q2 2026. Peers Newmont Corporation and Agnico Eagle Mines also demonstrate robust capital return programs, with Newmont returning $1.9 billion since April 2026 and Agnico Eagle planning to return 40% of annual free cash flow.

The article compares two gold investment ETFs: iShares Gold Trust (IAU), which holds physical bullion with a lower 0.25% expense ratio, and VanEck Gold Miners ETF (GDX), which invests in mining company stocks with a 0.51% expense ratio. While GDX has delivered higher 5-year returns ($2,868 vs $2,331 on $1,000), it carries significantly higher volatility and risk. For long-term investors seeking simple gold exposure, IAU is recommended due to its lower costs and direct commodity exposure, though GDX may offer greater upside under favorable conditions.

The Vanguard Materials Index Fund ETF Shares (VAW) is a passively managed ETF offering broad exposure to the materials sector with low costs (0.09% expense ratio) and strong diversification across 113 holdings. The fund has gained 10.27% year-to-date and 14.07% over the past year, earning a Zacks ETF Rank of 1 (Strong Buy). With $3.24 billion in assets and a beta of 0.97, it presents a medium-risk option for materials sector exposure.

Barrick Mining trades at $40, down 6% this year despite strong fundamentals. The company recently resolved operational issues in Mali and Tanzania, reported 50% earnings growth in Q2, and maintains a healthy balance sheet with $5.93B in cash versus $4.62B in debt. With a 2.23% dividend yield that has grown 775% over the past decade and exposure to rising copper prices, the stock appears undervalued compared to peers at under 12x forward earnings.

Seabridge Gold has agreed to acquire 100% of the Slaughterhouse Project in southern Wyoming from Orogen Royalties, comprising 163 mining claims. The company will pay $300,000 upfront plus up to $2.55 million in milestone payments. Seabridge plans to use modern exploration techniques to search for gold and critical minerals in the region, which has historical copper and gold occurrences but lacks comprehensive modern exploration.

Wall Street rallied on Thursday with all three major indexes closing in the green, driven by a rotation into defensive sectors like healthcare, materials, and financials. Investors shifted away from debt-sensitive AI and technology stocks as Treasury yields fell. The Dow Jones jumped 1.1%, the S&P 500 added 0.3%, and the Nasdaq gained 0.1%, while economic data showed mixed signals with jobless claims rising slightly and PPI inflation at 1.3%.

Stock markets declined following a higher-than-expected CPI inflation report. The article analyzes the Fidelity MSCI Materials Index ETF (FMAT), which tracks the Materials sector and carries a Zacks ETF Rank of 4 (Sell). The fund has delivered 7.19% year-to-date returns with a low expense ratio of 0.08%, but faces headwinds from sector weakness and inflation concerns.