Newmont
NEMMarket price data through August 3, 2026.
Performance
Aug 2021 – Aug 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- -16%
- 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
- 2 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. They run a dozen active mines across North America, Australia, South America, and Ghana, pulling roughly 5.3 million ounces of gold out of the ground every year, plus copper and silver as bonus metals along the way.
The case for and against
Both sides of the story, in plain English.
- Cash Machine
With gold selling near 4,900 dollars an ounce and Newmont's cost to produce it sitting around 1,029 dollars per ounce, the company banks close to 3,800 dollars of margin on every single ounce. That fueled a record 3.1 billion dollars in free cash flow last quarter, the best in company history, on 7.3 billion dollars in revenue.
- Fortress Balance
Newmont is sitting on 8.8 billion dollars in cash and holds a net cash position for the first time in years. Management just authorized a fresh 6 billion dollar buyback after finishing the last one, enough to retire roughly 5 percent of all shares outstanding.
- Gold Hostage
Profits live and die by the price of gold. It has already slipped more than 20 percent from its January high. If that slide continues or central banks slow their gold buying, those fat 3,800 dollar per ounce margins can compress fast.
- Mining Mess
Mining is weather dependent, geologically uncertain, and politically risky. Operations span Ghana and Papua New Guinea, where regulatory shifts or labor disputes can dent production overnight. Rising energy and fuel costs also nibble at the margin on every one of those 5.3 million ounces.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-08-03. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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