- Price is above the Trend Line, keeping the weekly tape constructive.
- Price is above Fair Value, showing premium demand versus the model.
- Activity pressure is positive on the latest completed week.
- Next-week expectancy is positive at 58.83% based on similar historical setup states.
NEM
NYSE
Week ended 11 Sep 2026
Weekly Investor Report
Newmont Goldcorp Corp · Basic Materials · Gold
Latest close
126.81 USD
-1.0%
latest week
Weekly setup
Mixed setup
The weekly trend is not active. Price is 15.0% above the Trend Line and sits at 86.2% of its 52-week range. The latest completed week returned -1.0%, after a 7.9% four-week move. The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks strongly; valuation is neither clearly cheap nor expensive. Options positioning is bullish with 39/100 conviction, while the latest news-sentiment score is 55/100. Near-term considerations: volume confirmation is below normal; earnings are due in 36d.
Setup score
63
out of 100
Latest Close
126.81 USD
11 Sep 2026
1W Return
-1.0%
latest completed week
4W Return
7.9%
short-term follow-through
12W Return
22.2%
quarterly tape
Trend Breadth
71.2%
37 of 52 weeks active
Volume Ratio
0.7x
vs 13-week average
- The trend backdrop is inactive, so price action has not confirmed a constructive regime.
- Activity pressure is weak, so confirmation is not yet broad enough.
- 7 reversal markers appear in the recent smart-money tape.
- Trend Line remains the key weekly regime level.
- Activity pressure is the gauge to monitor for confirmation or fade.
- A volume ratio above 1.5x would show stronger participation in the next move.
Price follow-through
-1.0%
Latest completed week; four-week move 7.9%.
Indicator stack
39/92
Trend and activity pressure are weighted against the latest 12-week confirmation window.
Trend backdrop
Active
The trend backdrop defines the current weekly regime.
Patient Capital
Quiet
Activity-pressure buy-signal status for institutional accumulation timing.
Next-Week Expectancy
Positive 58.83%
Historical one-week expectancy contributes to the evidence score when direction is confirmed.
Options pressure
Bullish
39/100 conviction; expected move 4.3%.
News sentiment
55/100
54 relevant articles in the latest sentiment read.
Event risk
36d
Next report is scheduled for 22 Oct 2026; event risk rises as the date approaches.
01 · Price action
Study the full chart
Where price is—and whether the trend supports it
The weekly trend is not active. Price is 15.0% above the Trend Line and sits at 86.2% of its 52-week range. The latest completed week returned -1.0%, after a 7.9% four-week move.
52-week price path
Price vs Trend Line and Fair Value
Price
Trend Line
Fair Value
02 · Volume and demand
Is real participation confirming the move?
Latest weekly volume is 0.7x the 13-week average. Participation is below its recent norm, so price strength is not receiving full volume confirmation.
26-week volume confirmation
Bar height shows volume; colour shows the weekly price direction
20 Mar
27 Mar
3 Apr
10 Apr
17 Apr
24 Apr
1 May
8 May
15 May
22 May
29 May
5 Jun
12 Jun
19 Jun
26 Jun
3 Jul
10 Jul
17 Jul
24 Jul
31 Jul
7 Aug
14 Aug
21 Aug
28 Aug
4 Sep
11 Sep
Up week
Down week
Demand beneath price
Activity pressure and institutional-style signals
These indicators assess whether participation is improving beneath the headline price move. They are supporting evidence, not proof of institutional buying.
Activity pressure path
Latest 0.3912-week average 0.30
12-week confirmation
Trend active0/12Active trend-backdrop weeks in the latest 12-week window.
Positive pressure4/12Weeks with constructive activity pressure in the latest 12-week window.
Positive leadership6/12Weeks with positive relative leadership in the latest 12-week window.
Activity pressure0.39Current proprietary activity-pressure read.
Buy signals0Accumulation signal count in the latest 12 weeks.
Reversal markers77 reversal markers
No recent accumulation markers. 7 reversal markers.
03 · Momentum and leadership
Is performance persistent—and is the stock leading?
Performance is 7.9% over four weeks, 22.2% over 12 weeks, and 61.2% over one year. The current trend has remained active for 0 consecutive weeks.
Performance by holding period
Active trend streak0 weeks
Active weeks in one year37
Trend breadth71.2%
Activity pressure vs relative leadership
Activity pressureRelative leadership
Pressure1.10Latest activity-pressure read.
Pressure change281.1%Four-week change in activity pressure.
Leadership11.56Latest relative-leadership reading.
RS change153.0%Four-week change in relative leadership.
04 · Fundamentals and valuation
Open full factor analysis
What investors are paying for—and the quality behind it
The latest factor snapshot indicates quality ranks strongly versus its universe; growth ranks strongly; valuation is neither clearly cheap nor expensive.
Factor week 11 Sep 2026
Financial statements through 30 Jun 2026
Field coverage 100%
Model confidence 100%
Relative factor standing
Higher display scores are better. Each score is converted from the underlying universe rank, where rank 1 is best.
Overall factor strength96/100Blend of value, momentum, and quality. Underlying universe rank 5; rank 1 is best.
Value76/100Relative valuation strength. Underlying universe rank 25; rank 1 is best.
Quality99/100Profitability and accounting quality. Underlying universe rank 2; rank 1 is best.
Momentum90/100Medium-term price momentum. Underlying universe rank 11; rank 1 is best.
Growth91/100Revenue and earnings growth. Underlying universe rank 10; rank 1 is best.
Quality and valuation are separate questions
A strong company can still carry a demanding valuation. This report shows profitability, growth, balance-sheet strength, and the price paid for those characteristics separately.
Value-quality framework83/100Value and quality alignment from the Sharemaestro SVQF framework.
Valuation
How much investors are paying for earnings, sales, and cash flow.
- P/E
- 15.5x Price divided by trailing earnings.
- Price / sales
- 5.9x Market value relative to trailing revenue.
- EV / EBITDA
- 7.8x Enterprise value relative to operating cash earnings.
- Free-cash-flow yield
- 6.4% Free cash flow as a share of enterprise value.
Business quality
Margins and the return generated on invested capital.
- Gross margin
- 54.5% Gross profit retained from each unit of revenue.
- Operating margin
- 51.4% Operating profit retained from revenue.
- Free-cash-flow margin
- 36.8% Free cash flow generated from revenue.
- Return on invested capital
- 22.6% Operating return generated on invested capital.
Growth and financial strength
Recent business growth and accounting strength.
- Revenue growth
- 15.1% Latest one-year revenue growth.
- EPS growth
- 27.1% Latest one-year earnings-per-share growth.
- Free-cash-flow growth
- 70.0% Latest one-year free-cash-flow growth.
- Piotroski F-score
- 9/9 Nine-point accounting-strength checklist.
Shareholder return and balance sheet
Cash returned to owners and financial leverage.
- Dividend yield
- 0.8% Cash dividends relative to market value.
- Buyback yield
- 3.3% Net share repurchases relative to market value.
- Shareholder yield
- 4.1% Dividend yield plus net buyback yield.
- Net debt / EBITDA
- -0.2x Balance-sheet debt relative to operating cash earnings.
05 · Ownership, options, and sentiment
What other market participants are doing
Options, insider transactions, market sentiment, and activity-pressure signals can confirm or challenge the price story. None should be used alone.
Options positioningBullish
NEM shows bullish options pressure with a 39/100 conviction score, put-call volume ratio of 0.48, expected move of 4.3%, and Sharemaestro trend signal inactive.
Conviction39/100
Expected move4.3%
Put/call volume0.48
Insider activity10 / 10
10 acquisitions and 10 disposals in the latest 180-day insider tape.
Acquisitions / disposals over the latest 180 days. Insider activity is context, not a stand-alone signal.News sentiment55/100
Weighted news tone is neutral across 54 relevant articles.
26 positive · 17 neutral · 11 negativePatient CapitalQuiet
Activity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal
06 · Catalysts and risk
What can move the shares—and how volatile the path has been
Event timing, options-implied movement, drawdown, and weekly return distribution frame the risk around the current setup.
Next earnings36dNext report is scheduled for 22 Oct 2026; event risk rises as the date approaches.
Options expected move4.3%Nearest-chain priced movement where available.
52-week drawdown-6.1%Distance below the 52-week high.
13-week volatility7.1%Standard deviation of weekly returns.
Weekly gains and losses
Latest 26 completed weeksEach bar is one week. Gains rise above the zero line; losses fall below it. Taller bars mean a larger weekly move.
20 Mar
17 Apr
15 May
12 Jun
10 Jul
7 Aug
11 Sep
Weeks higher15 of 2611 weeks finished lower.
Best week+20.6%Week of 7 Aug.
Worst week-12.6%Week of 20 Mar.
Latest week-1.0%Week of 11 Sep.
Shape of recent returns
Strong gains7
Modest gains8
Flat weeks0
Modest losses5
Sharp losses6
Recent vol7.1%13-week weekly-return volatility.
Base vol6.6%52-week weekly-return volatility.
Up/down split31/21Count of positive and negative weeks in the 52-week window.
Average skew5.6% / -5.4%Average positive week versus average negative week.
07 · Sector and peer context
Is this stock leading—or simply moving with its group?
Sector and industry breadth distinguish company-specific strength from a broad group move.
SectorUS Basic Materials
4-week rank26 / 100
Group average0.7%
Trend breadth40.0%
Trend40.0%active weekly trend signals
MD61.0%positive activity pressure
RS47.0%positive relative leadership
Four-week leaders
IndustryUS Gold
4-week rank15 / 30
Group average6.2%
Trend breadth13.3%
Trend13.3%active weekly trend signals
MD83.3%positive activity pressure
RS46.7%positive relative leadership
Four-week leaders
08 · Evidence and weekly data
The underlying research record
Every top-level statement above should be traceable to a stored market, fundamental, event, or positioning observation.
Weekly tape60/100
Trend, activity pressure, participation, and risk combine to a 60/100 tape read.
Indicator analysis24/100Latest 12-week confirmation: trend 0/12, activity pressure 4/12, relative leadership 6/12.
Activity pressure 0.39; 7 reversal markers Next-Week ExpectancyPositive 58.83%Next-week expectancy is positive with a 58.83% historical one-week setup read.
Adds short-term historical context without overriding trend, activity, or relative leadership. Factors90/100O'Shaughnessy factor stack blends value, quality, momentum, and confidence.
Buyback Yield rank 14 SVQF83/100Value and quality alignment from the Sharemaestro SVQF framework.
Composite rank 172.0 of 1017 Patient CapitalQuietActivity-pressure buy-signal evidence highlights potential institutional accumulation windows.
No recent buy signal Options50/100NEM shows bullish options pressure with a 39/100 conviction score, put-call volume ratio of 0.48, expected move of 4.3%, and Sharemaestro trend signal inactive.
Bullish · Call-side pressure · Expected move 4.3% Sentiment55/100Weighted news tone is neutral across 54 relevant articles.
Goldman Sachs Adjusts Price Target on Newmont to $127.50 From $110.60, Keeps Buy Rating Insiders10 / 1010 acquisitions and 10 disposals in the latest 180-day insider tape.
Earnings36dNext report is scheduled for 22 Oct 2026; event risk rises as the date approaches.
Research flow2 items1 recent research articles and 1 Market Watch posts are available.
| Week | Close | Return | Trend Line | Fair Value | Pressure | Leadership | Volume | Trend |
|---|---|---|---|---|---|---|---|---|
| 11 Sep 2026 | 126.81 USD | -1.0% | 110.27 USD | 64.86 USD | 1.10 | 11.56 | 28.4M | Off |
| 4 Sep 2026 | 128.09 USD | 0.3% | 110.22 USD | 64.30 USD | 1.02 | 12.48 | 44.5M | Off |
| 28 Aug 2026 | 127.73 USD | -2.7% | 109.77 USD | 63.71 USD | 0.75 | 12.99 | 39.3M | Off |
| 21 Aug 2026 | 131.32 USD | 11.7% | 109.24 USD | 63.13 USD | 0.08 | 17.50 | 43.0M | Off |
| 14 Aug 2026 | 117.53 USD | 4.2% | 108.99 USD | 62.52 USD | -0.60 | 4.57 | 36.0M | Off |
| 7 Aug 2026 | 112.76 USD | 20.6% | 108.86 USD | 61.99 USD | -1.05 | 1.31 | 38.7M | Off |
| 31 Jul 2026 | 93.52 USD | 0.4% | 108.72 USD | 61.51 USD | -1.49 | -12.58 | 32.1M | Off |
| 24 Jul 2026 | 93.19 USD | 3.9% | 108.96 USD | 61.16 USD | -1.40 | -11.64 | 40.1M | Off |
| 17 Jul 2026 | 89.70 USD | -5.9% | 109.36 USD | 60.81 USD | -1.27 | -15.19 | 41.0M | Off |
| 10 Jul 2026 | 95.29 USD | -1.8% | 109.73 USD | 60.50 USD | -1.15 | -10.96 | 31.5M | Off |
| 3 Jul 2026 | 97.04 USD | 0.9% | 109.81 USD | 60.16 USD | -1.09 | -7.72 | 33.8M | Off |
| 26 Jun 2026 | 96.13 USD | -7.4% | 109.56 USD | 59.79 USD | -1.16 | -6.16 | 46.7M | Off |
| 19 Jun 2026 | 103.79 USD | 3.6% | 109.36 USD | 59.43 USD | -1.20 | -0.55 | 48.2M | Off |
| 12 Jun 2026 | 100.23 USD | 0.5% | 108.67 USD | 59.01 USD | -1.26 | -2.52 | 45.5M | Off |
How to use this report
This is a completed-week research summary. It explains the available evidence and its conflicts; it does not predict a guaranteed outcome or replace your own risk assessment. Fundamental figures may refer to an earlier financial reporting period, which is shown above.