Newmont
NEMMarket price data through October 22, 2026.
Performance
Oct 2021 – Oct 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- +1%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$113
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- May 2026
- The month this stock first became a Benson pick.
- Tracking duration
- 5 months
- How long Benson has been tracking this pick.
About Newmont
Newmont is the world's largest gold mining company and the only gold miner in the S&P 500, with mines across North America, South America, Australia, Africa, and Papua New Guinea. It is on track to dig up about 5.3 million ounces of gold this year, plus bonus metals like silver and copper along the way. Think of it as owning the gold mine instead of the gold bar.
The case for and against
Both sides of the story, in plain English.
- Cash Machine
Gold sold for an average of 4,317 dollars an ounce this quarter, while Newmont's all-in cost to produce each ounce was just 1,454 dollars. That gap turned into 2.5 billion dollars in profit and 1.9 billion dollars in spare cash. Management also lowered its full-year cost forecast to 1,520 dollars an ounce, so the money machine is getting more efficient.
- Buyback Bonanza
Newmont has retired over 115 million shares since February 2024, about 10 percent of the whole company, so each remaining share owns a bigger slice of the profits. It returned 1.9 billion dollars to shareholders since its last update and still has 2.8 billion dollars left in its buyback plan. It also sits on 8.8 billion dollars in cash to keep the program going.
- Gold Hostage
Profits rise and fall with the price of gold, and that price has been cooling. Newmont's average selling price slipped from 4,900 dollars an ounce in the first quarter to 4,317 dollars this quarter. Over the same stretch, its quarterly spare cash dropped from 3.1 billion dollars to 1.9 billion dollars.
- Production Pinch
Newmont is digging up less gold than it used to. It produced 1.30 million ounces this quarter compared to 1.42 million a year ago, and this year's 5.3 million ounce target is below last year's 5.9 million. Mining surprises add risk too, like a small underground earthquake that slowed its big Cadia mine in Australia earlier this year.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-10-22. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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