record cash flow supports Newmont stock upside potential - News Freedom Broker

Freedom Broker analysts maintain a "Buy" rating on Newmont Corporation (NEM) shares with a $130 target price, citing record free cash flow and active capital returns as key factors. Newmont, the largest gold miner, generated $2.2 billion in free cash flow in Q2 2026 and returned $1.9 billion to shareholders through dividends and share buybacks. The company's strategic focus on portfolio efficiency, cost cutting, and benefiting from high gold prices positions it as an attractive investment in the gold-mining sector.