Majors earnings beats/M&A/spinoffs/buybacks/PTs/GARP/op efficiency; BofA sees value; AEM Barnat; Newmont buyback; Kinross; B2Gold; Hycroft; USAS; Orla; Nunavut; Torex; Artemis; HMY; Aura; Barrick CAN SLIM; CDE record Q1; EGO decline; Aris plan; TRX record; EQX target cuts; AEM EV/Revenue near median; John Ing sell on NEM; MacRury picks Agnico, Alamos, Aris; Eldorado earnings preview; First Majestic Q2 results; SSR Mining Q2 results; Hochschild price target cut but insider buying; SSR Mining UBS Buy reiteration; B2Gold earnings preview; Lundin Gold Q2 results and dividend; McEwen Mining Q2 results
Key Questions
What were Newmont's Q2 2026 financial highlights?
Newmont reported record free cash flow of $2.2B, net income of $2.2B, and AISC of $1,938/oz, though Q3 costs are expected to rise $150M. TD Cowen upgraded the stock to Buy with a $127 target.
Why is John Ing rating Newmont a sell?
John Ing's contrarian sell rating on Newmont highlights governance risks from its 10b5-1 plan disclosure. This contrasts with broader sector optimism around record cash flows and cost discipline.
Which miners are highlighted for production growth?
Analyst Carey MacRury picks Agnico Eagle for 20-30% growth, Alamos Gold targeting 1M oz, and Aris Mining for potential quadruple production. These benefit from strong balance sheets and brownfield expansions.
What is the outlook for Agnico Eagle ahead of earnings?
AEM is expected to show 49% EPS growth but faces downward estimate revisions and a Zacks Strong Sell rating. Wall Street projects $2.89 EPS for Q2, with results due July 29.
How are institutional holdings changing in mid-tier gold miners?
Bank of Nova Scotia trimmed Alamos Gold by 6.4%, yet other institutions added shares. Eldorado Gold saw Renaissance sell 16.9% while L1 Capital and Mackenzie bought heavily.
What valuation metrics support undervalued miners?
Alamos Gold trades at a P/E of 16.43 versus the industry 48.98, with 41% expected EPS growth and strong margins. Miners overall sit at 19% NAV discounts amid record cash flows.
Which companies face company-specific risks in the current environment?
Alamos Gold announced production cuts and Equinox dilution, layering risks on macro headwinds. AngloGold Ashanti's EPS estimates were slashed due to gold's pullback.
What upside do analysts see for select gold miners?
UBS highlights Newmont, Genesis Minerals, and Regis Resources with 25%+ upside potential. Gold Fields offers 42% upside despite Ghana risks and a recent Zacks downgrade.
Newmont's Q2 showed declining net income, EBITDA, and FCF. Agnico record FCF. Aris Mining growth story to 500k oz by 2027. Kinross strong Q2, AngloGold doubled dividend, IAMGOLD beat, B2Gold Fekola permit, Lundin Gold dividend. RBC downgraded Endeavour Mining. McEwen Mining Q2 with Gold Bar guidance cut. SSR Mining Q2 with heavy buyback activity. Barrick Gold missed Q2 estimates (revenue/EPS below consensus) despite strong production beat; stock fell 8%. K92 Mining reported strong Q2 2026 financial results, adding to positive earnings momentum.