Newmont
D

NEM

Arincen90/100B

If you had invested in Newmont ago, it would be worth $4,562 today, against $4,096 in SPY and $6,368 in QQQ.

ArincenArincen ScoreBeta

90/100

Six parts of the company, five checks each, from its own reported figures. A part scores the checks it passes out of 10; the score is their average out of 100.

Profitability8

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Cash10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Valuation10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Growth10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Financial strength10

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Shareholders6

Plus shows the checks behind each part of the score, what passed, what failed and the figure it read, for every stock.

Figures to FY2025; the price as of today.

Newmont key facts

Style
Value stock · 9.2/10Growth 6.9 · Value 9.2 · Dividend 2.7
Day range
112.610 – 114.430
52-week range
81.340 – 135.290
Market capitalization
117.27B USD
P/E
13.06
PEG ratio
1.36
EPS
8.64
Div Yield
0.92%
EPS growth forecast (FY2026)
+34.8%
Volume
30,906
Beta
0.57
ESG score
70.5/100Environment 62 · Social 66 · Governance 84
Sector
Basic Materials
Industry
Gold
CEO
Natascha Viljoen
Employees
18K
IPO date
17 Mar 1980

Newmont earnings

Next earnings · Q4 FY2026
EPS estimate
2.08 USD
Revenue estimate
6.41B USD
Last quarter · Q3 FY2026
EPS2.20Beat +12.2%Revenue6.36BBeat +1.5%

Revenue

ReportedEstimate

EPS

ReportedEstimate
PeriodReport dateEPS estimateReported EPSSurpriseEPS growthRevenue estimateReported revenueSurpriseRevenue growth
Q3 FY20272.70——+22.95%6.81B——+7.10%
Q2 FY20272.43——+15.78%6.65B——+8.72%
Q1 FY20272.30——-20.56%6.39B——-12.60%
Q4 FY20262.08——-17.46%6.41B——-6.04%
Q3 FY20261.962.20+12.24%+28.65%6.27B6.36B+1.54%+18.27%
Q2 FY20261.992.10+5.53%+46.85%6.35B6.12B-3.71%+15.98%
Q1 FY20262.072.90+40.10%+132.00%6.77B7.31B+8.00%+45.85%
Q4 FY20252.072.52+21.74%+80.00%6.23B6.82B+9.47%+19.11%
Q3 FY20251.441.71+18.75%+111.11%5.19B5.38B+3.65%+16.96%
Q2 FY20250.911.43+58.01%+98.61%4.70B5.28B+12.33%+22.36%

Analysts' estimates for FY2026 over the last 7 days:EPS Revenue How the estimates moved

Newmont analyst forecast

12-month price target
135.56 USD
+20.12%

Analysts' 1-year price targets range from 110.00 to 154.00, with an average of 135.56.

Past year
1-year forecast
Strong sellStrong buy
Strong buy
12 ratings
Buy
11
Hold
1
Sell
0

12-month price target

Highest target154.00
Average target135.56
Lowest target110.00
Current price112.85

Newmont valuation

Price to earnings ratio (TTM)
13.06
Forward P/E (FY2026)
12.11
Price to sales (TTM)
4.45
Price to book
3.29
EV / EBITDA (TTM)
6.77

Capital structure

Market capitalization
117.27B USD
+
Total debt
5.45B USD
−
Cash and short-term investments
8.83B USD
=
Enterprise value
113.90B USD

Valuation over time

P/EForward P/EForward P/E · EstimateEstimate
Fiscal yearP/EForward P/EP/SP/BEV/EBITDA
FY2028 (est.)9.90————
FY2027 (est.)11.379.90———
FY2026 (est.)12.1111.37———
Now (TTM)13.0611.464.453.296.77
FY202515.5810.724.873.267.70
FY202413.015.672.301.436.37
FY2023-13.8013.432.961.20126.90
FY2022-81.3831.323.141.9417.25
FY202142.4820.274.072.2513.76

Newmont against its own history

Each figure in the latest fiscal year against the same figure from FY2021 to FY2025: the range, its median (the line) and the latest (the dot, green on the good side of the median). The P/E is today's against its daily readings of five years.

Its peers: AngloGold Ashanti, Royal Gold, and Coeur Mining, the US Gold companies closest to it in size, each in its own latest fiscal year: their median (the line) and its rank among them, first being the best.

  • Gross marginHighest in 5 years53.2%
    9.9%53.2%
    Against its peers: 2 of 4Peers' median 46.5%
  • Operating marginHighest in 5 years48.6%
    5.5%48.6%
    Against its peers: 2 of 4Peers' median 45.1%
  • Net marginHighest in 5 years31.3%
    -21.4%31.3%
    Against its peers: 2 of 4Peers' median 28.3%
  • Return on equityHighest in 5 years20.9%
    -8.7%20.9%
    Against its peers: 2 of 4Peers' median 17.7%
  • Free cash flow marginHighest in 5 years32.2%
    0.8%32.2%
    Against its peers: 1 of 4Peers' median 31.4%
  • Revenue growthAbove its median22.2%
    -2.0%57.6%
    Against its peers: 4 of 4Peers' median 70.8%
  • EPS growthHighest in 5 years124.1%
    -139.7%124.1%
    Against its peers: 2 of 4Peers' median 122.7%
  • Debt to EBITDALowest in 5 years0.41×
    0.41×29.03×
    Against its peers: 2 of 4Peers' median 0.44×
  • Current ratioAbove its median2.29
    1.252.90
    Against its peers: 3 of 4Peers' median 2.87

Peers: US companies of the same industry (of its sector when the industry has too few) from a tenth to ten times its market value, the six closest in size. Updated weekly.

Newmont growth and profitability

Revenue (TTM)
26.36B USD
Net income (TTM)
9.24B USD
Gross margin
61.63%
Operating margin
54.98%
Net margin
35.05%

Revenue / Net income

Revenue Net income Net margin
PeriodRevenueGrowthNet incomeGrowthGross marginOperating marginNet marginEBITDAGrowth
FY202522.67B+22.16%7.09B+111.62%53.21%48.63%31.25%14.09B+86.95%
FY202418.56B+57.60%3.35B—34.62%30.97%18.04%7.54B+2,219.38%
FY202311.78B-1.46%-2.52B—9.94%5.52%-21.41%325.00M-86.23%
FY202211.95B-1.98%-459.00M-139.37%17.94%13.57%-3.84%2.36B-36.14%
FY202112.19B+6.77%1.17B-58.78%19.49%15.72%9.57%3.70B-35.52%

Newmont revenue breakdown

By product

FY2025
Gold Dore: 63.2%Sales From Concentrate And Other Production: 36.8%63.2%Gold Dore36.8%Sales From Concentrate And Other Production
SegmentRevenueShare of revenueChange on the year
Gold Dore14.33B63.2%+16.4%
Sales From Concentrate And Other Production8.34B36.8%+30.9%

By region

FY2025
United Kingdom: 61.5%South Korea: 15.0%Japan: 9.4%Other Countries: 6.5%Australia: 3.8%Mexico: 3.0%Switzerland: 0.4%Philippines: 0.4%61.5%United Kingdom15.0%South Korea9.4%Japan6.5%Other Countries3.8%Australia3.0%Mexico
RegionRevenueShare of revenueChange on the year
United Kingdom13.07B61.5%+19.2%
South Korea3.20B15.0%+63.4%
Japan2.00B9.4%+4.3%
Other Countries1.38B6.5%-7.0%
Australia803.00M3.8%+96.3%
Mexico639.00M3.0%+6.5%
Switzerland89.00M0.4%-86.1%
Philippines82.00M0.4%-88.4%

How Newmont makes its money

Gold Dore14.33B 63.2%
Sales From Concentrate And Other Production8.34B 36.8%
Revenue22.67B 100.0%
Cost of revenue10.61B 46.8%
Gross profit12.06B 53.2%
Research and development166.00M 0.7%
Selling and administration382.00M 1.7%
Other operating expenses492.00M 2.2%
Operating income11.02B 48.6%
Tax4.60B 20.3%
Net income7.09B 31.3%

FY2025, in USD. Each band is as wide as its money; the percentage is its share of revenue.

Newmont dividends

Annual dividend
1.04 USD
Dividend yield (indicated)
0.92%
Payout ratio
14.93%
Years of dividend growth
1
Frequency
Quarterly
Next payment
0.26 USD
Next ex-dividend date
25 Nov 2026
Next payment date
21 Dec 2026

Dividends per share

Year2025202420232022202120202019201820172016
Dividends per share1.001.001.602.202.201.041.440.560.250.13

Newmont financial health

Cash and short-term investments
8.83B USD
Total debt
5.45B USD
Net cash
3.38B USD
Free cash flow (TTM)
10.07B USD
Current ratio
2.45
Debt to equity
0.15
Piotroski score
9 / 9
Altman Z-score
4.97

Cash, debt and free cash flow

Cash and short-term investments Total debt Free cash flow
Fiscal yearCash and short-term investmentsTotal debtFree cash flow
FY20258.24B5.71B7.30B
FY20243.64B8.97B2.96B
FY20233.03B9.44B97.00M
FY20223.76B6.13B1.09B
FY20215.07B6.30B2.63B

Newmont ownership

Institutions
77.83%
Institutional holders
1,899 (-56)
Free float
99.89%

Who owns the shares

Institutions 77.8% Others 22.2%
As of 30 Jun 2026

Shares free to trade

Free float 1.04B shares ·99.9% Closely held 1.16M shares ·0.1%

Closely held shares belong to insiders, founders and owners of more than 5%, and seldom change hands. The free float is the rest: the shares anyone can buy and sell.

Insider trading

QuarterPurchasesSalesShares acquiredShares disposed of
Q4 2026042.26K35.66K
Q3 20260673.91K81.25K
Q2 20260420.11K33.89K
Q1 20260863.65K86.53K

Shares outstanding

Basic shares Diluted shares Change in diluted shares
Fiscal yearBasic sharesDiluted sharesChange in diluted shares
FY20251.11B1.11B-3.48%
FY20241.15B1.15B+36.50%
FY2023841.00M841.00M+5.79%
FY2022794.00M795.00M-0.75%
FY2021799.00M801.00M-0.62%

Source: Financial Modeling Prep

Title: Newmont Corp

Sector: Basic Materials
Industry: Gold
Newmont is the world's largest gold miner. It bought Goldcorp in 2019, combined its Nevada mines in a joint venture with competitor Barrick later that year, and also purchased competitor Newcrest in November 2023. Its portfolio includes 11mines and interests in two joint ventures in the Americas, Africa, Australia, and Papua New Guinea. It is expected to sell roughly 5.3 million ounces of gold in 2026 from its continuing mines after selling six higher-cost, smaller mines following the Newcrest acquisition. Newmont also produces material amounts of copper, silver, zinc, and lead as byproducts. It had about two decades of gold reserves, along with significant byproduct reserves at the end of December 2025.

Common questions about Newmont stock