Newmont Corp (NYSE:NEM) shares are trading lower on Thursday. Traders seem to be taking cautious stance ahead of the company's first‑quarter earnings release after the bell.

Newmont stock is under selling pressure. Why is NEM stock retreating?

Expectations Build Ahead Of Newmont's Q1 Report

Wall Street expects earnings of $2.19 per share on $6.43 billion in revenue, but despite this, the setup heading into the print is seemingly being shaped more by last quarter's exceptionally strong performance and the high bar it created, than by the headline numbers expected today.

In its fourth‑quarter update, Newmont described 2025 as "a milestone year", highlighting record free cash flow, aggressive debt reduction and billions returned to shareholders. With the stock already pricing in a strong operational backdrop, traders are trimming exposure ahead of tonight's results.

Q4 Strength Set the Stage For A High‑Stakes Q1

Newmont's fourth‑quarter report was one of its strongest in years. Management emphasized that the company delivered $7.3 billion in free cash flow, generated $3.6 billion from portfolio optimization and returned $3.4 billion to shareholders. The company also reduced debt by $3.4 billion, ending the year in a net cash position ...