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NEMNewmont Corporation
$130.43$137.4B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
NEM logo

Newmont Corporation

NEM
NYSE · Gold
$130.43
At close - Sep 3, 4:00 PM EDT - USD
Market Cap$137.43B
P/E20.3x
52W High$135.29
Volume7.71M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Gold Surge Drives Deleveraging and Record Cash Flow

Newmont's fundamental outlook is anchored by a powerful gold price tailwind that has driven record free cash flow of $2.2B in 2026Q2 and a dramatic balance sheet transformation, with total debt down 42% from $9.5B to $5.5B and cash up to $9.0B. The company's o...

GrowthMixed
ProfitabilityStrong
ValuationReview
TechnicalsNeutral
Explore valuation models
MARKET ACTION

NEM price & volume

Price trend, volume and key moving averages

Launch Terminal
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Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-45% Peers

P/E is 45% below peer median

03

Market leadership

RS 80 · Leader

High momentum (Outperforming 80% of market)

04

Trend Check

N/A

Trend data unavailable

Next CatalystConfirmed earnings · Oct 22
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue and margins have surged with gold prices, as gross margin expanded from 27.2% in 2024Q1 to 62.4% in 2026Q1, though a 34.5% sequential revenue decline in 2026Q2 pulled margins down to 39.7%.

Analyst Consensus+4.4% target
Buy(37 analysts)
28 Buy9 Hold0 Sell

The Bull Case

Upside Catalysts

Gold price momentum

The bullish thesis hinges on gold price momentum, particularly around the $5,000/oz level, which is critical for sector valuation.

Bull scenario valuation

In a bull scenario with $7,000 gold and 25x earnings, fair value could rise to $235, offering significant upside potential.

Industry leadership

Newmont is the leading gold and copper producer with a world-class portfolio, reinforcing its competitive position in the mining sector.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/4/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
NEM+29.63%
S&P 500 (^GSPC)+13.17%
1-Year Return
NEM+74.64%
S&P 500 (^GSPC)+20.11%
3-Year Return
NEM+245.03%
S&P 500 (^GSPC)+81.35%
5-Year Return
NEM+131.46%
S&P 500 (^GSPC)+75.15%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/EMedian
20.3x
Forward P/EExpansion
13.8x
EV/EBITDA100th %ile
10.3x
FCF YieldCash Flow
5.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
20.3x
15.6x
67th· Fair
EV/EBITDA
10.3x
8.4x
100th· High
Price/FCF
18.8x
18.9x
40th· Fair
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$75.93-41.8%
Base (Fair)$120.40-5.9%
Bull$156.52+20.0%
$75.93 Bear$120.40 Base$156.52 Bull
Current Market Price: $130.43
Trades at a 8.3% premium to Base DCF ($120.40)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$22.1B+19.1% YoY
Net income
$7.08B+111.6% YoY
Free cash flow
$7.3B+146.5% YoY
Operating margin
46.9%+15.9 pts YoY
ROIC (TTM)23%
Avg ROIC 5Y-
ROE (TTM)22.1%
Piotroski Score9 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate8/12 (67%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Jul 23, 2026
$2.10+2.4%
vs $2.05
$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
Q4 2025
Oct 23, 2025
$1.71+18.8%
vs $1.44
$5.4B+3.6%
vs $5.2B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Accesswire·1d ago
Solitario Resources Announces Share Issuance to Newmont Under Amended Investor Rights Agreement

DENVER, CO / ACCESS Newswire / September 3, 2026 / Solitario Resources Corp. ("Solitario" or the "Company") (NYSE American:XPL)(TSX:SLR) is pleased to announce the purchase and sale of 135,750 shares (the "Shares") of Company common stock, at a price of $0.86 per share for total gross proceeds of US$116,745 (the "Sale"). The Sale was made under the terms of the Amended and Restated Investor Rights Agreement dated June 11, 2025 (the "IRA") between Solitario and Newmont Overseas Exploration Ltd.

The Motley Fool·1d ago
Newmont Stock Jumps 34.5% in August, and Gold's Rally Could Take It Higher

Newmont's stock surged 34.5% in August due to rising gold prices and a Barrick Mining agreement. Gold's appeal as a safe-haven asset increased amid high U.S. debt and geopolitical tensions.

Market Watch·3d ago
How to profit from September stock-market weakness

It's possible to exploit September's poor seasonal stock-market odds without going short the market. Instead, you can shift into industries and sectors that historically have done well in September.

Defense World·6d ago
BNP Paribas Invests $2.42 Million in Newmont Corporation $NEM

BNP Paribas purchased a new position in Newmont Corporation (NYSE: NEM) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 116,016 shares of the basic materials company's stock, valued at approximately $2,425,000. Other hedge funds have also added to or reduced

Filtered for Newmont CorporationMore Headlines
04

Compare before deciding

Benchmark NEM against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Newmont Corporation (NEM)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
NEM logoNEMNewmont CorporationCurrent
$130.43$137.43B20.3519.08%32.06%22.09%0.77%
AEM logoAEMAgnico Eagle Mines Limited
$207.13$104.88B23.3843.71%40.43%22.64%—
KGC logoKGCKinross Gold Corporation
$31.59$37.72B15.8739.34%37.57%35.26%—
AU logoAUAngloGold Ashanti plc
$111.67$56.48B21.5270.78%32.19%37.52%—
GFI logoGFIGold Fields Limited
$48.16$43.1B12.2268.77%35.34%85.27%—
WPM logoWPMWheaton Precious Metals Corp.
$156.63$71.13B47.6183.33%64.66%22.96%—

Compare NEM vs Peers

Newmont Corporation (NEM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs AEM

Most directly comparable listed peer for NEM.

Scale Benchmark

vs CAT

Larger-name benchmark to compare NEM against a more recognizable public peer.

Peer Set

Compare Top 5

vs AEM, KGC, AU, GFI

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

NEM SEC Filings & Documents

Newmont Corporation (NEM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Jul 23, 2026·SEC

Material company update

Jun 15, 2026·SEC

Material company update

May 13, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 19, 2026·SEC

FY 2025

Feb 21, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Jul 23, 2026·SEC

FY 2026

Apr 23, 2026·SEC

FY 2025

Oct 23, 2025·SEC

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NEM Frequently Asked Questions

Newmont Corporation (NEM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Newmont Corporation's revenue?

Newmont Corporation (NEM) reported $22.59B in revenue for fiscal year 2025. This represents a 2839% increase from $768.5M in 1996.

How fast is Newmont Corporation growing?

Newmont Corporation (NEM) grew revenue by 19.1% over the past year. This is strong growth.

Is NEM profitable?

Yes, Newmont Corporation (NEM) is profitable, generating $8.60B in net income for fiscal year 2025 (32.1% net margin).

Dividend & Returns
Does NEM pay dividends?

Yes, Newmont Corporation (NEM) pays a dividend with a yield of 0.77%. This makes it attractive for income-focused investors.

What is NEM's return on equity?

Newmont Corporation (NEM) has a return on equity (ROE) of 22.1%. This is excellent, indicating efficient use of shareholder capital.

What is Newmont Corporation's free cash flow?

Newmont Corporation (NEM) generated $12.77B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in NEM back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →