Newmont Corporation (NEM)
Fair ValueFundamental
80
Price
$108.87
Market Cap
$123.47B
Part 1 · What the company is worth
Overview
Newmont Corporation operates as a gold producer. It also explores for copper, silver, lead, zinc, and other metals. It has operations and/or assets in the United States, Papua New Guinea, Australia, Ghana, Suriname, Argentina, Dominican Republic, Chile, Peru, Ecuador, Mexico, and Canada. The company was founded in 1916 and is headquartered in Denver, Colorado.
No editorial profile for this company yet
Direct competitors
Who this company fights with for the same customers
Generated with artificial intelligence on September 19, 2026, shared with all users
The other global gold major, Barrick mines and sells gold and copper from large tier-one deposits across the Americas, Africa and Asia and competes with Newmont for the same ore bodies, mining licences and investor capital.
Canada's largest gold producer and now the world's number two by output, Agnico Eagle sells the same refined gold into the same market and competes directly with Newmont for North American and Australian mining assets.
A top-five global gold producer with mines in Africa, Australia and the Americas, AngloGold Ashanti competes with Newmont for the same gold deposits and for the same generalist and gold-focused investors.
Gold Fields runs gold mines in Australia, Ghana, Peru and South Africa — the same jurisdictions where Newmont operates — and even shares the Tarkwa-Iduapriem complex in Ghana with it as a joint-venture counterpart.
A mid-to-large gold producer with operations in the United States, Canada, Brazil, Chile and Mauritania, Kinross sells the same commodity and bids against Newmont for mining projects and skilled labour in the same regions.
Australia's largest home-grown gold producer, Northern Star competes head-to-head with Newmont's Australian operations — Boddington, Cadia and Tanami — for orebodies, permits and mining talent in the same country.
Balance Sheet & Liquidity
Revenue
$25.77B
Trailing 12 months (through 6/30/2026)
Net Income
$8.60B
Trailing 12 months (through 6/30/2026)
Free Cash Flow
$7.30B
Total Equity
$33.87B
Total Liabilities
$23.08B
Current Ratio
2.55
Interest Coverage
-
Debt/EBITDA
0.30
Earnings Per Share
Revenue & Net Income
Free Cash Flow
Income Breakdown
Historical statement
Margins over time
Debt over time
How heavy the debt is
Growth grid
Growth — Revenue
Fair Value Estimation
Fair Value
$125.36
Current Price
$108.87
Margin of Safety
+13.2%
Fair Value Range
$111.87 - $138.86
Spread across the valuation methods used, not a statistically calibrated confidence interval.
Estimation Methods
Valuation Metrics
P/E Ratio
13.75
ROE
20.9%
P/B Ratio
3.25
P/FCF
11.79
Gross Margin
-
ROIC
-
Profitability Radar
Value Creation (Economic Moat)
ROIC
-
WACC
7.7%
ROIC − WACC
-
Fundamental Analysis Criteria
Passed (18)
- EPS shows upward trend
- EPS CAGR 7.63%
- Price CAGR 12.60%
- P/FCF 11.79
- Debt/equity ratio
- Positive free cash flow
- Current ratio
- Debt/EBITDA
- Return on tangible assets
- Low reliance on intangibles
- ROE 25.1%
- Revenue growth 5Y 14.5%
- Earnings surprise, average 19.8%
- PEG ratio 1.12
- Earnings quality (operating cash flow / net income) 1.47
- Share dilution -3.3%
- Net margin trend 33.4% vs 30.5%
- Piotroski F-Score 8/9
Failed (4)
- P/B ratio 3.25
- CapEx intensity
- Price below Graham Number
- DCF valuation (Overvalued)
Unavailable (5)
- ROIC –
- Gross margin –
- Dividend payout –
- Operating margin –
- Interest coverage
Piotroski F-Score
Strong financial health
Earnings Quality
High quality: earnings backed by cash
Share Dilution
Buying back shares. Shareholder friendly
Institutional Holdings
Governance
Executive Team
| Name | Title | Age |
|---|---|---|
| Ms. Natascha Viljoen BEng (PrEng), EMBA | CEO, President & Director | 55 |
| Mr. Peter I. Wexler J.D. | Executive VP & Chief Legal Officer | 57 |
| Mr. Peter Ivan Toth BBus (IB), MIB | Executive VP, Chief Sustainability & Development Officer | 55 |
| Mr. Brian C. Tabolt CPA | Executive VP & CFO | 44 |
| Mr. Mark Rodgers | Executive VP & COO | 61 |
| Mr. Joshua L. Cage | Chief Accounting Officer & Controller | 50 |
| Mr. David Thornton | Executive VP & Chief Technical Officer | 44 |
| Mr. Neil Backhouse | Group Head of Treasury & Investor Relations | - |
| Ms. Logan Hennessey | SVP, Group Head of Legal Governance & Compliance, Deputy General Counsel and Corporate Secretary | - |
| Shannon Brushe | Global Media Relations | - |
Audit Risk
5
Board Risk
1
Compensation Risk
1
Shareholder Rights Risk
6
Documents
- View document
Annual Report (10-K)
A yearly overview of the business, its financial results, and the risks it faces.
Filed on 2026-02-19
- View document
Quarterly Report (10-Q)
A snapshot of financial performance for the most recent three-month period.
Filed on 2026-10-22
- View document
Current Report (8-K)
An announcement of a major event, such as a leadership change or big news.
Filed on 2026-10-22
via SEC EDGAR
Income History
via SEC EDGAR
Part 2 · The price and its context
This part shows how the price has behaved, not whether the company is worth owning. Inside: technical analysis, potential, historical drawdowns, gamma exposure.
Market Reaction Profile
How much NEM moves, measured on its daily prices.
More volatile than 63% of the tracked stocks (90-day volatility).
- Volatility 30d
- 34.6%
- Volatility 90d
- 41.7%
- Beta vs S&P 500 (1y)
- 1.67Correlation 0.44
- Max drawdown (12m)
- -32.4%
- ATR (14d, % of price)
- 3.64%
Earnings reactions
How NEM moved around its past quarterly results.
Next earnings release
No upcoming release on the calendar.
What usually happens
- Over the last 12 releases the stock moved a median of 6.0% the next day, up or down.
- Next-day moves: up 4, down 8 (out of 12).
- Of the 5 releases that beat estimates, the stock fell the next day after 4.
Release history
| Date | When | EPS est. | EPS actual | Surprise | Gap | 1 day | 5 days |
|---|---|---|---|---|---|---|---|
| Oct 22, 2026 | After the close | 1.94 | 2.20 | +13.2% | -3.4% | -4.6% | n/a |
| Jul 23, 2026 | After the close | 2.01 | 2.10 | +4.5% | -1.0% | -1.6% | +1.1% |
| Apr 23, 2026 | After the close | 2.20 | 2.90 | +31.7% | +3.6% | +8.7% | 0.0% |
| Feb 19, 2026 | After the close | 2.02 | 2.52 | +24.7% | -2.4% | -2.6% | +1.7% |
| Oct 23, 2025 | After the close | 1.45 | 1.71 | +18.3% | -7.2% | -6.2% | -7.4% |
| Jul 24, 2025 | After the close | n/a | n/a | n/a | +3.9% | +6.9% | +1.0% |
| Apr 23, 2025 | After the close | n/a | n/a | n/a | +3.0% | +4.8% | -0.9% |
| Feb 20, 2025 | After the close | n/a | n/a | n/a | -1.3% | -5.7% | -12.4% |
| Oct 23, 2024 | After the close | n/a | n/a | n/a | -3.5% | -14.7% | -18.7% |
| Jul 24, 2024 | After the close | n/a | n/a | n/a | -4.0% | -4.2% | +2.9% |
| Apr 25, 2024 | Before the open | n/a | n/a | n/a | +4.5% | +12.5% | +5.1% |
| Feb 22, 2024 | Before the open | n/a | n/a | n/a | -1.3% | -7.6% | -10.6% |
Release dates from SEC 8-K filings.
Updated 10/24/2026
Historical statistics for educational purposes only. They are not forecasts and not investment advice.
Price reaction to the news
Latest news on NEM and what the price did next.
- 10/20/2026Positive3 azioni aurifere da comprare dopo la recente flessione
- +1 day
- -1.4%
- +3 days
- -3.0%
- 4/24/2026PositiveNewmont Rides Soaring Gold Prices To Blowout Earnings, Unleashes $6 Billion Buyback
- +1 day
- +7.9%
- +3 days
- -1.5%
- 3/19/2026NegativeNewmont Stock Slides Thursday As Rising Fuel Costs, Lower Gold Prices Squeeze Margins
Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.
- 3/11/2026NegativeWhy Newmont Corporation Stock Dropped Again Today
Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.
- 3/9/2026PositiveWhy Newmont Mining Rallied in February
Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.
- 3/9/2026NegativeWhy Newmont Corporation Stock Dropped Today
Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.
- 3/6/2026NegativeHeadline no longer in the latest news feed
Published while the US market was open: the move of that day cannot be split into before and after the news, so no figure is shown.
Return of the stock minus return of SPY over the same days. A news item close to a price move did not necessarily cause it. Historical data for educational purposes only, not investment advice.
Latest News
Recent headlines for NEM.
- 4d agoPOSITIVE3 azioni aurifere da comprare dopo la recente flessione
Despite a recent 0.5% dip in spot gold prices to $4,120 per ounce on October 20th, driven by inflation concerns and anticipation of Federal Reserve rate decisions, analysts suggest buying opportunities in gold mining stocks. Newmont Corporation (NEM) is highlighted as a compelling buy on this dip, with its appeal extending beyond a potential gold price rebound. The article suggests that the company's fundamentals make it a worthwhile investment for the long term, even amidst broader market volatility impacting the gold sector.
- 4/24/2026POSITIVENewmont Rides Soaring Gold Prices To Blowout Earnings, Unleashes $6 Billion Buyback
Newmont Corporation reported earnings that significantly surpassed analyst expectations, driven by a surge in gold prices. The company announced a substantial $6 billion share buyback program, signaling strong confidence in its future prospects and a commitment to returning capital to shareholders. Despite a dip in production attributed to bushfires and lower ore grades at key mines, the robust performance in earnings and the aggressive buyback initiative are expected to be viewed favorably by investors. This news suggests that Newmont is effectively leveraging the current commodity price environment to enhance shareholder value.
- 4/24/2026NEUTRALNewmont Q1 2026 Earnings Call Transcript
Newmont Corporation's Q1 2026 earnings call transcript indicates a period of operational review and strategic planning. While specific financial figures for Q1 2026 are not detailed in this summary, the transcript suggests management is focused on optimizing production costs and advancing key development projects. The company is likely navigating fluctuating commodity prices and regulatory environments. Investors should monitor future earnings reports for concrete performance metrics and guidance updates regarding the company's outlook and its impact on gold production and profitability.
- 4/23/2026NEUTRALTranscript: Newmont Q1 2026 Earnings Conference Call
Newmont Corporation's Q1 2026 earnings conference call transcript has been released. While specific financial figures and operational details are contained within the full transcript, this announcement itself is informational. Investors and analysts will scrutinize the call for forward-looking statements, production guidance, cost management strategies, and commentary on commodity prices. The absence of immediate, impactful news within the title suggests a neutral stance pending detailed analysis of the call's content.
- 3/19/2026NEGATIVENewmont Stock Slides Thursday As Rising Fuel Costs, Lower Gold Prices Squeeze Margins
Newmont Corporation (NEM) saw its stock price decline on Thursday, impacted by a broader downturn in the gold market. Rising fuel costs and falling gold prices are exerting significant pressure on the company's profit margins. This confluence of adverse factors is raising investor concerns about the miner's near-term profitability and operational efficiency, leading to a sell-off in its shares.
- 3/11/2026NEGATIVEWhy Newmont Corporation Stock Dropped Again Today
Newmont Corporation's stock experienced another decline today, influenced by investor apprehension surrounding the latest inflation report. While the broader market reacted negatively to inflation data, analysts suggest that Newmont's current valuation presents a compelling buying opportunity. The company's fundamental value may be underestimated, potentially offering a hedge against inflation concerns for investors willing to look past short-term market volatility.
- 3/9/2026NEUTRALHere's How Much You Would Have Made Owning Newmont Stock In The Last 10 Years
An analysis of Newmont Corporation (NEM) stock reveals its performance over the past decade. While specific returns are not detailed in the provided snippet, the article implies a historical performance review. Investors typically look at such data to gauge long-term value creation, dividend payouts, and resilience against market volatility. Without the actual figures, it's difficult to ascertain the exact financial outcome for shareholders, but the focus on a 10-year period suggests a substantial investment horizon.
- 3/9/2026POSITIVEWhy Newmont Mining Rallied in February
Newmont Corporation experienced a significant rally in February, driven by a confluence of factors including rising gold prices and an earnings beat. The company's performance indicates resilience and operational strength in a volatile market environment. Geopolitical tensions have historically boosted gold prices, providing a tailwind for mining companies like Newmont. The positive earnings report suggests effective cost management and robust sales, which are key indicators for investor confidence. This dual support from commodity prices and company-specific performance positions Newmont favorably for continued investor interest.
- 3/9/2026NEGATIVEWhy Newmont Corporation Stock Dropped Today
Newmont Corporation stock experienced a decline today, influenced by two key macroeconomic factors. While the specific factors are not detailed in the provided text, their impact on the company's share price is evident. Investors are likely scrutinizing the broader economic landscape for potential headwinds or shifts in market sentiment that could affect the mining sector and Newmont's operational costs or commodity prices. The drop suggests that current macroeconomic conditions are creating a less favorable environment for the company's stock.