Newmont's fundamentals appear to have inflected sharply, with gross margin doubling from 32.5% in 2024Q2 to 66.3% in 2026Q3 while quarterly operating income climbed from $1.2B to $3.2B, driven largely by bullion prices rather than volume growth.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Gross margin expanded from 32.5% in 2024Q2 to 66.3% in 2026Q3 on roughly stable COGS of $2.1-3.2B per quarter, though erratic revenue growth swings suggest the margin gains are price-driven and vulnerable to bullion correction.
The bullish thesis hinges on gold price momentum, particularly around the $5,000/oz level, which is critical for sector valuation.
In a bull scenario with $7,000 gold and 25x earnings, fair value could rise to $235, offering significant upside potential.
Newmont is the leading gold and copper producer with a world-class portfolio, reinforcing its competitive position in the mining sector.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Oct 22, 2026 | $2.20+12.2% vs $1.96 | $6.4B+1.5% vs $6.3B |
Q3 2026 Jul 23, 2026 | $2.10+5.5% vs $1.99 | $6.1B-3.7% vs $6.4B |
Q2 2026 Apr 23, 2026 | $2.90+40.1% vs $2.07 | $7.3B+8.0% vs $6.8B |
Q1 2026 Feb 19, 2026 | $2.52+21.7% vs $2.07 | $6.8B+9.5% vs $6.2B |
Allegiance Financial Group Advisory Services LLC purchased a new stake in shares of Newmont Corporation (NYSE: NEM) during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,359 shares of the basic materials company's stock, valued at approximately $503,000. Other large
Recently, Zacks.com users have been paying close attention to Newmont (NEM). This makes it worthwhile to examine what the stock has in store.
Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.
Newmont's strong free cash flow is fueling investment in organic growth projects and incremental shareholder returns.
Benchmark NEM against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Newmont Corporation (NEM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $120.91 | $127.4B | 18.86 | 19.08% | 32.06% | 22.09% | 0.83% | |
| $191.57 | $97B | 21.62 | 43.71% | 41.02% | 22.39% | 0.75% | |
| $22.24 | $26.56B | 11.18 | 39.34% | 37.68% | 33.35% | 0.57% | |
| $92.99 | $47.03B | 17.92 | 70.78% | 32.19% | 37.52% | 3.96% | |
| $39.17 | $35.06B | 9.94 | 68.77% | 35.34% | 85.27% | 2.02% | |
| $136.31 | $61.9B | 41.43 | 83.33% | 64.66% | 22.96% | 0.49% |
Newmont Corporation (NEM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Newmont Corporation (NEM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Oct 22, 2026·SEC
Jul 23, 2026·SEC
Jun 15, 2026·SEC
Get notified when NEM posts new earnings or crosses analyst targets
Free. No account needed. Unsubscribe any time.
Newmont Corporation (NEM) stock FAQ — growth, dividends, profitability & financials explained
Newmont Corporation (NEM) reported $23.57B in revenue over the trailing twelve months. Revenue was $22.10B in fiscal year 2025. That is 2775% more than the $768.5M of fiscal year 1996.
Newmont Corporation (NEM) grew revenue by 19.1% in fiscal year 2025, compared with the prior fiscal year.
Yes. Newmont Corporation (NEM) earned $9.24B in net income over the trailing twelve months (a 39.2% net margin).
Yes. Newmont Corporation (NEM) pays a dividend that yields 0.83% at the current price, a small yield.
Newmont Corporation (NEM) had a return on equity (ROE) of 22.1% in fiscal year 2025. That is well above the market's typical 10-15%.
Newmont Corporation (NEM) generated $13.11B in free cash flow over the trailing twelve months.
