Newmont Shares Up 15.2% YTD; Earnings Seen Jumping 21.2% in 2026
Newmont Corp., the world’s largest gold miner with a $126.4 billion market cap, has seen shares rally 15.2% year-to-date after a 10% pullback in late January when gold fell from $5,600 to $4,300 per ounce. The stock trades at a forward P/E of 14.2, offers a 0.9% dividend yield, and is forecast to deliver 21.2% earnings growth in 2026.
1. Gold Price Volatility Triggers Pullback
Gold prices slid from roughly $5,600 per ounce in late January to $4,300 by early February, dragging gold miner stocks down over 10% in a 10-day span. This correction spurred buying interest as valuations became more attractive across the sector.
2. Newmont Fundamentals and Outlook
Newmont Corp., with a market capitalisation of $126.4 billion, has rebounded 2.4% over the past five days and is up 15.2% since the start of the year. The company trades at a forward P/E of 14.2, yields 0.9% via its dividend, and analysts project 21.2% earnings growth in 2026, driven by sustained gold prices above $4,000 per ounce.
3. Upcoming Catalysts
Newmont is scheduled to report its Q4 2025 results on February 19, 2026. Investors will watch for production figures, cost guidance and any updates to its dividend policy, which could influence near-term share performance.