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Newmont Corporation (NYSE:NEM) is one of the best silver mining stocks to buy. The stock has more than doubled over the past year. After Newmont‘s blowout Q1 2026 results, the Street sees the stock soaring higher. On April 24, BMO Capital boosted its price target on Newmont Corporation (NYSE:NEM) to $145 from $140 while keeping an Outperform rating on the stock. The firm cited Newmont’s strong start to the year and noted that the company is positioned to produce substantial cash flow and deliver solid returns through share repurchases this year.

BMO Capital observed that Newmont’s Q2 2026 production may drop slightly from the Q1 level. However, it noted the company’s efforts to manage costs and increase production in the back half of 2026 and beyond.

Newmont’s Q1 report, released on April 23, showed revenue grew from $5 billion a year ago to $7.31 billion and beat analysts’ expectations of $6.53 billion. Adjusted EPS came in at $2.90, surpassing the forecast of $2.18.

Newmont generated a record free cash flow of $3.1 billion in the quarter, supported by strong production and cost reduction. The company closed the quarter with $8.8 billion in cash and cash equivalents. The board approved an additional $6 billion in the share repurchase program.

Based in Colorado, Newmont Corporation (NYSE:NEM) is an American multinational mining company. Newmont is best known for its gold mining operations, but it also mines silver, zinc, copper, and lead. In addition to the US, Canada, and Mexico, the company operates mines in Australia, Peru, Ghana, and other countries.

While we acknowledge the potential of NEM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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