What changed
$NEM — BUY 📊 | 6 MONTHS THESIS
🎯 Q1 2026 | Rev $7.3B | EPS $2.90 vs $2.17 🟢
💡 Consensus underestimated the earnings power from high gold prices and operational improvements; actual Q1 EPS was 33% above estimates, and the market has not fully repriced for continuing strong cash generation and shareholder returns.
📉 Reward/risk: 3.0:1
🏢 Business Quality: 8/10 - Largest gold miner with low-cost, long-life assets; strong execution and capital allocation, but commodity price dependency and geopolitical risks.
📊 Valuation: cheap - trailing P/E 8.6x (annualized Q1), EV/EBITDA 6.9x, below historical averages for gold miners and peers; with gold prices likely sustained,...
🔮 Catalyst: Post-earnings analyst estimate revisions upward and continued strong quarterly results; potential dividend increase or accelerated buybacks
📊 Our read: BUY. Full analysis →
https://stockduty.xyz/s/NEM0612