CIBC Lowers Newmont (NEM) PT to $175, Maintains Outperform on Q1 Cost Outlook
Key takeaways
- The results underscored how higher realized prices are materially improving the company’s revenue generation and cash flow profile.
- This shift suggests that deposits once considered long-dated optionality may increasingly be reassessed as nearer-term development opportunities under current market conditions.
- Newmont Corporation (NYSE:NEM) is one of the world’s biggest gold mining companies, making significant amounts of copper, silver, zinc, and lead as byproducts.
CIBC Lowers Newmont (NEM) PT to $175, Maintains Outperform on Q1 Cost Outlook Maham Fatima Sun, June 14, 2026 at 2:13 AM GMT+7 1 min read NEM GC=F Newmont Corporation (NYSE:NEM) is one of the most undervalued quality stocks to invest in. On June 1, CIBC analyst Anita Soni lowered her price target on Newmont Corporation to $175 from $176 while maintaining an Outperformer rating, reflecting stronger-than-expected Q1 2026 results alongside updated assumptions for higher costs and revised expectations for second-half performance and outlook.
Earlier on May 13, Newmont reported a Q1 realized gold price of approximately $4,900 per ounce, alongside $3.1 billion in quarterly free cash flow, reflecting significantly stronger commodity pricing conditions compared with prior years. The results underscored how higher realized prices are materially improving the company’s revenue generation and cash flow profile.
The update highlighted that the current gold price environment is effectively re-rating undeveloped ounces within Newmont Corporation’s (NYSE:NEM) portfolio, as assets previously evaluated under much lower price assumptions are now viewed through a substantially higher valuation lens. This shift suggests that deposits once considered long-dated optionality may increasingly be reassessed as nearer-term development opportunities under current market conditions.