Newmont Corporation (NEM) – Analytical Update
Date: March 2, 2026
Executive Overview
Newmont Corporation continues to track our long-term cyclical framework with notable precision. The stock previously completed a major cycle bottom in 2024 at the projected level and has since advanced into what we identify as a mid-cycle top. While the magnitude of the rally exceeded our initial price targets, the broader structural interpretation remains intact.
Review of Prior Forecast
In our September 2, 2025 update, we projected that Newmont would top in the late-2025 window with initial upside targets of:
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Primary Target: ~$81 ± $2
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Secondary Target: ~$87 ± $4
The stock significantly exceeded those projections, ultimately reaching approximately $135. While this move surpassed our anticipated price band, it did not invalidate the structural cycle. Instead, it signaled a shift into a higher structural channel, indicating extended upside momentum within the same cyclical framework.
Current Cycle Position
From a cyclical perspective:
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The major cycle bottom (2024) was accurately identified.
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The subsequent advance has carried the stock into what we interpret as a mid-cycle top.
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That mid-cycle top now appears to be in place.
We now expect Newmont to enter an extended consolidation or trading range phase between now and early 2028. This phase represents a distribution and structural digestion period following the sharp advance from the 2024 lows.
Forward Outlook
The next significant time-and-price juncture arrives in July 2028, marking a projected major cycle top.
Current upside targeting for that cycle peak stands at:
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$160 ± $5
We anticipate that following the current consolidation period, the stock will stage another advance into that 2028 top before completing the broader cyclical structure.
Conclusion
Newmont has behaved in alignment with our long-term cycle projections, successfully advancing from its 2024 major bottom into a mid-cycle top that exceeded initial price expectations. We believe the mid-cycle top is now in place and that the stock will enter a multi-year consolidation phase into early 2028.
Following that consolidation, a final advance toward approximately $160 is expected into the July 2028 major cycle top. Until then, Newmont is likely to remain range-bound within a structural holding pattern.
Newmont Corp (NEM)
Date of Analysis: September 2nd, 2025
Utilizing our proprietary quantitative models and advanced time-based analytical methodologies, we present the following updated forecast for Newmont Corp (NEM)
- Newmont is moving into a mid-cycle top, scheduled to arrive around October 25th, 2025 (+/- 5 trading days).
- Our PRICE calculations suggest two different completion points. One located at $81 (+/- $2) and the other one is located at $87 (+/- $4). With the latter point being the most likely target.
- Once the top is put in place and confirmed, NEM is expected to decline into the second half of 2026 where a mid-cycle bottom is expected. In short, NEM is expected to move with Gold.
- We will calculate the extent of the decline once the top is confirmed, but a target in the $60 range is most likely.
In summary, NEM is expected to move, more or less, with the Gold (GC). We expect a mid-cycle top in October at the prices specified above ($81 or $87), followed by a decline into a mid-cycle bottom scheduled for late 2026. Once the bottom is put in place, NEM will stage a powerful rally to new all-time highs.
Newmont Corporation (NEM)
Date of Update: March 6th, 2025
Another perfect hit at our target in both time and price (see the summary of the prior update for details).
Our updated mathematical and timing analysis for NEM suggests the following…
- The next TIME turning point for NEM is a mid-cycle bottom arriving in early 2028, followed by a major cycle top arriving in August 2028.
- For the upcoming bottom, we have a long-term intersection point at $25 +/- $4. We will have more precise target for the upcoming bottom as soon as we start to approach the anticipated date of the bottom.
In summary, after hitting our upside target, NEM is going to put in a mid-cycle bottom in early 2028. Our initial target is $25, which will be revised as we get closer to the anticipated date.
Date of Update: September 3rd, 2024
Our mathematical and timing analysis for NEM suggests the following……
First, let me just mention that thus far NEM has played out perfectly or as per our prior forecasts.
- NEM is moving towards its mid-cycle composite top expected to arrive on Aug-05-2024 with a cycle variance up till the end of December 2024.
- For the actual mid-term top we have better targets. There are three strong X-clusters arriving at the end of October. We think that NEM will top out at that juncture.
- As for the price targets, we have a point of force at $57.93 and an important energy level at $66.5 +/- $1. Note, however, that if NEM crosses the $57.93 level, it will then likely cross above $67 and then shift to the next point of force located at $75 +/- 2.
In summary, NEM confidently moves towards our first target of $57.93 where we anticipate a top in late October. Having said that, if NEM crosses above $58, it WILL likely shift to the next point of force located at $75.
Date of Analysis: January 30th, 2024
As claimed in our previous update, November 10th low is outside of our target in both time and price. Our cluster decomposition technique reveals two dates for the upcoming bottom: February 2nd and March 18th, 2024. Mathematical analysis of NEM confirms same price target at $30.5.
For the top, the cluster decomposition tracked a pretty strong cluster for November-December of 2024. Our geometric analysis shows higher targets at around $149 +/- $3.
Newmont Corporation (NEM) – Targeting Analysis
Date of Analysis: November 16th, 2023
NEM is approaching its target area in both price and time. The exact target is located at $30.50 (+/- $3). You will note that November 10th bottom was just outside of this target area. We continue to believe NEM will hit closer to its center of gravity of $30.50 before the bottom is put in place. We are looking at November 30th and December 15th as two TIME possibilities for this bottom. Once the bottom is put in place, it is possible NEM runs up to as high as $122 by August of 2024.
We are actively monitoring the situation and will update you when need be.
Newmont Corporation (NEM)
Date of Analysis: July 18th, 2023
This is very exciting. We are adding Newmont Corporation (NEM) to our fast movers roster. Hence, the analysis below is a bit vague by design. We do have exact Time/Price projections, but we are not sharing them in this forum for obvious reasons. A quick summary…….
- NEM will bottom later this year in the $30 range.
- Once the bottom is put in place NEM will surge much higher by mid 2025. If you recall, this is consistent with our overall US Dollar forecast.
If you would like to see exact time/price targets for NEM, and I highly recommend that you do as a very large and risk averse ROI awaits, please do let us know at al**@********al.com
