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...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
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%.
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 9/23/2026, 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) |
|---|---|---|
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 |
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Newmont has appreciated over 30% since I last checked on it in July, supported by strong H1 2026 results and despite recent weakness in the gold price. While much of its earlier estimated price upside has been exhausted, gold price trends YTD and its results call for an upgrade in financial outlook. NEM's improved adjusted net income margin is particularly instrumental in the resulting updated projections, indicating substantial upside to the stock for 2026 even now.
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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 |
|---|---|---|---|---|---|---|---|
| $123.05 | $129.66B | 19.20 | 19.08% | 32.06% | 22.09% | 0.81% | |
| $197.48 | $100B | 22.29 | 43.71% | 40.43% | 22.64% | — | |
| $27.79 | $33.18B | 13.96 | 39.34% | 37.57% | 35.26% | — | |
| $101.93 | $51.55B | 19.64 | 70.78% | 32.19% | 37.52% | — | |
| $41.99 | $37.58B | 10.66 | 68.77% | 35.34% | 85.27% | — | |
| $147.66 | $67.06B | 44.88 | 83.33% | 64.66% | 22.96% | — |
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)
Jul 23, 2026·SEC
Jun 15, 2026·SEC
May 13, 2026·SEC
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Newmont Corporation (NEM) stock FAQ — growth, dividends, profitability & financials explained
Newmont Corporation (NEM) reported $22.59B in revenue for fiscal year 2025. This represents a 2839% increase from $768.5M in 1996.
Newmont Corporation (NEM) grew revenue by 19.1% over the past year. This is strong growth.
Yes, Newmont Corporation (NEM) is profitable, generating $8.60B in net income for fiscal year 2025 (32.1% net margin).
Yes, Newmont Corporation (NEM) pays a dividend with a yield of 0.81%. This makes it attractive for income-focused investors.
Newmont Corporation (NEM) has a return on equity (ROE) of 22.1%. This is excellent, indicating efficient use of shareholder capital.
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.
