NEM
NYSE · USDNewmont Corporation
Basic Materials · Gold
CEO Natascha Viljoen
Employees 17,500
R&D / revenue 0.8%
Last price
$118.60+2.43%last session
Market cap
$125.0B
P/E (TTM)
14.9x
From 52w high
−12.3%
From 52w low
+56.0%
1-year return
+21.0%
RSI 14 · vs SMA200
51.0 · +5.8%
IS score
91.8/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)
One year, rebased to 100
NEM SPY XLB (sector ETF) · weekly closesScore DNA
Each bar is a 0-100 score within the scored universe92Profitability
77Growth
81Value
99Momentum
100Risk (safety)
96Quality
94Balance sheet
81Earnings quality
Flags
Strengths
✓ Piotroski 8+✓ Net cash✓ FCF yield 5%+
Warnings
None of the computed warning flags fires for NEM (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: Weak, Network EffectsPiotroski 9 / 9Altman Z 4.2Beta 0.542 of 4 smart-money sources active
Smart-money strip
Each disclosure source on its own window. Filings coinciding is not coordination.INSForm 4 · 180 days
Insider open-market buys
0
11 open-market sales, $6.3M
No Form 144 notices in 12 months
CONGSTOCK Act · 180 days
Congressional purchases
0
No disclosed purchases
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
−56
158 new holders, 186 closed
1,794 filers hold 77.8% · 688 added, 728 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+23
1,396 funds adding shares
1,373 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
52.4%
20-day avg 37.6%, 50-day avg 42.7%
Latest 14.8 pp over its 20-day average · a flow, not short interest
Key financials · FY2025
USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.Income statement
Revenue$22.1B
Revenue growth YoY+19.1%
Gross margin49.8%
Operating income$10.4B
Operating margin46.9%
Net income$7.1B
Net margin32.1%
EPS (diluted)$6.41
Cash flow
Operating cash flow$10.3B
Capital expenditure$3.0B
Free cash flow$7.3B
FCF conversion (FCF / OCF)70.6%
Stock-based compensation$99.0M
FCF less SBC$7.2B
Buybacks$2.3B
Dividends$1.1B
Balance sheet & returns
Cash & short-term investments$7.6B
Total debt$474.0M
Net cash$7.2B
Shareholders' equity$34.0B
Goodwill & intangibles$2.7B
Debt / equity0.15
ROE (TTM)25.0%
ROIC (TTM)18.7%
Operating margin by fiscal year
Revenue $12.2B (FY2021) to $22.1B (FY2025), a 16.0% CAGR.
Valuation
P/E (TTM)14.9x
EV / EBITDA7.4x
Price / sales4.92x
Price / FCF12.8x
FCF yield7.79%
Buyback yield1.84%
SBC / revenue0.2%
Price / book3.57x
Forward P/E FY202612.7x
Forward P/E FY202711.4x
Forward P/E FY202810.1x
Forward multiples divide today's price by Street EPS estimates. Street mean target $144.88 across 8 analysts last quarter is theirs, not ours.
NEM vs industry median
509 companies in Gold
NEM (TTM)Industry median
Asset turnover 0.44 vs industry 0.00 · financial leverage 1.63
Earnings delivery
Next report 2026-10-22 · consensus EPS $1.9575%
beat rate, 9 of 12 quarters
+20.2%
median EPS surprise
7
longest beat streak
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2023-10-26 to 2026-07-23. Bars cap at ±60%.
Peers
Market-cap band, not the industry cohort above| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | 12m return |
|---|---|---|---|---|---|---|
| NEM Newmont Corporation | $125.0B | 14.9x | 25.0% | 33.9% | +19.1% | +21.0% |
| AEM Agnico Eagle Mines Limited | $96.0B | 16.3x | 22.8% | 42.1% | +49.8% | +2.4% |
| B Barrick Mining Corporation | $67.2B | 10.6x | 25.0% | 23.0% | +49.4% | +15.0% |
| WPM Wheaton Precious Metals Corp | $60.9B | 29.7x | 23.6% | 58.5% | +90.8% | +18.5% |
| FNV Franco-Nevada Corporation | $47.0B | 31.8x | 19.9% | 60.9% | +73.6% | +13.5% |
| AU AngloGold Ashanti Plc | $46.9B | 12.4x | 46.5% | 32.3% | +54.6% | — |
| GFI Gold Fields Limited | $33.5B | 7.5x | 92.3% | 31.2% | +105.2% | — |
| KGC Kinross Gold Corporation | $28.5B | 9.2x | 36.6% | 37.7% | +38.2% | — |
12-month window: SPY +15.9%, sector ETF XLB +17.8%. Past returns describe history only.
Recent 8-K filings
No 8-K filings on file.
Context
Shares outstanding1,053,692,271
Free float99.9%
Institutional ownership77.8%
Beta0.54
Dividend yield0.87%
Last dividend$0.26 on 2026-09-03
50 / 200-day average$121.49 / $112.10
Large-cap Basic Materials median P/E30.3x
Full factsheet
The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (Weak).
Read it in the browser Download (PDF)All fundamentals · 140 measures in 13 categories
Percentile = where NEM sits among 28 scored companies in Gold (0 = lowest value, 100 = highest). It is a position, not a grade.ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)
Valuation
| Measure | NEM | Industry percentile |
|---|---|---|
| P/E (TTM) | 14.5x | 52nd |
| PEG (P/E ÷ 3-yr EPS CAGR) | — | |
| Price / sales | 4.9x | 56th |
| Price / book | 3.5x | 69th |
| Price / tangible book | 3.0x | 62nd |
| Price / free cash flow | 9.8x | 26th |
| Price / operating cash flow | 9.9x | 50th |
| Enterprise value | $117.3B | 100th |
| EV / sales | 4.6x | 52nd |
| EV / EBITDA | 7.1x | 50th |
| EV / EBIT | 8.4x | 54th |
| EV / free cash flow | 9.2x | 26th |
| Earnings yield | 6.9% | 52nd |
| FCF yield | 10.2% | 81st |
| Operating cash flow yield | 10.1% | 52nd |
| Graham number (per share) | $77.57 | 88th |
Profitability (TTM)
| Measure | NEM | Industry percentile |
|---|---|---|
| Gross margin | 57.6% | 74th |
| EBITDA margin | 65.9% | 65th |
| Operating margin | 54.1% | 78th |
| EBIT margin | 55.2% | 70th |
| Net margin | 34.0% | 63rd |
| NOPAT margin | 33.9% | 44th |
| FCF margin | 50.6% | 96th |
| Operating cash flow margin | 50.0% | 59th |
| R&D / revenue | 0.7% | 93rd |
| SG&A / revenue | 1.3% | 4th |
| Stock comp / revenue | 0.2% | 56th |
| Effective tax rate | 37.3% | 81st |
Returns on capital
| Measure | NEM | Industry percentile |
|---|---|---|
| ROE (on average equity) | 25.5% | 63rd |
| ROA | 15.2% | 48th |
| ROIC | 30.9% | 73rd |
| ROCE | 26.6% | 62nd |
| Return on tangible assets | 24.7% | 48th |
| Cash ROIC (OCF / invested capital) | 45.5% | 77th |
| Gross profitability (GP / assets) | 24.9% | 62nd |
| ROIC, 3-yr average | 13.4% | 61st |
| ROIC, 5-yr average | 9.0% | 54th |
| ROE, 5-yr average | 7.4% | 48th |
| Incremental ROIC | 398.7% | 100th |
Growth
| Measure | NEM | Industry percentile |
|---|---|---|
| Revenue growth (TTM YoY) | 23.4% | 4th |
| Revenue growth (QoQ) | -14.8% | 19th |
| Revenue CAGR, 3 yr | 31.2% | 36th |
| Revenue CAGR, 5 yr | 15.2% | 27th |
| Gross profit CAGR, 3 yr | 107.0% | 78th |
| Operating income CAGR, 3 yr | 131.8% | 74th |
| Net income growth (TTM YoY) | 37.0% | 0th |
| Net income CAGR, 3 yr | — | |
| EPS growth (TTM YoY) | 42.7% | 10th |
| EPS CAGR, 3 yr | — | |
| EPS CAGR, 5 yr | 17.6% | 32nd |
| FCF growth (TTM YoY) | 139.9% | 65th |
| FCF CAGR, 3 yr | 245.3% | 78th |
| Operating cash flow CAGR, 3 yr | 68.8% | 68th |
| Book value CAGR, 3 yr | 11.1% | 52nd |
| Dividend CAGR, 3 yr | -10.0% | 14th |
| Sustainable growth rate | 22.2% | 60th |
Margin history & stability
| Measure | NEM | Industry percentile |
|---|---|---|
| Gross margin, 3-yr average | 38.7% | 24th |
| Operating margin, 3-yr average | 35.2% | 60th |
| Net margin, 3-yr average | 17.1% | 40th |
| FCF margin, 3-yr average | 27.0% | 84th |
| Revenue stability (0-1) | 0.75 | 56th |
| Earnings stability (0-1) | 0.32 | 24th |
| Margin stability (0-1) | 0.47 | 20th |
Liquidity (latest quarter)
| Measure | NEM | Industry percentile |
|---|---|---|
| Cash & short-term investments | $13.1B | 100th |
| Net cash (− = net debt) | $7.7B | 100th |
| Working capital | $8.1B | 100th |
| Current ratio | 2.55 | 48th |
| Quick ratio | 1.78 | 41st |
| Cash ratio (cash + ST investments / current liabilities) | 2.51 | 78th |
| Defensive interval (days) | 7,325 days | 100th |
Leverage & solvency (latest quarter)
| Measure | NEM | Industry percentile |
|---|---|---|
| Total debt | $5.5B | 100th |
| Debt / equity | 0.15 | 59th |
| Net debt / equity | −0.22 | 7th |
| Debt / assets | 9.5% | 63rd |
| Debt / capital | 13.4% | 59th |
| Debt / EBITDA | 0.33 | 58th |
| Net debt / EBITDA | −0.46 | 12th |
| Interest coverage (EBIT / interest) | 87.7x | 85th |
| Cash interest coverage | 79.4x | 81st |
| Debt payback (years of OCF) | 0.4 yrs | 54th |
| Liabilities / assets | 38.6% | 78th |
| IS credit model rating | AAA | |
| Implied credit spread (bps) | 50 | 0th |
Efficiency
| Measure | NEM | Industry percentile |
|---|---|---|
| Asset turnover | 0.45 | 44th |
| Fixed asset turnover | 0.75 | 54th |
| Inventory turnover | 3.5 | 26th |
| Receivables turnover | 38.2 | 48th |
| Days sales outstanding | 10 days | 56th |
| Days inventory outstanding | 105 days | 74th |
| Days payables outstanding | 28 days | 26th |
| Cash conversion cycle (days) | 87 days | 93rd |
| Capex / revenue | — | |
| Capex / depreciation | — | |
| Operating expense ratio | 4.4% | 44th |
Cash flow & earnings quality
| Measure | NEM | Industry percentile |
|---|---|---|
| Operating cash flow / net income | 1.47 | 68th |
| FCF / net income | 1.49 | 96th |
| FCF / operating cash flow | — | |
| Capex / operating cash flow | — | |
| Accruals ratio | -7.1% | 33rd |
| Sloan accruals ratio | -0.6% | 59th |
| Earnings quality score (0-1) | 0.75 | 4th |
Scores & forensic checks
| Measure | NEM | Industry percentile |
|---|---|---|
| IS score | 92 | 93rd |
| IS profitability | 92 | 59th |
| IS growth | 77 | 27th |
| IS value | 81 | 74th |
| IS momentum | 99 | 42nd |
| IS risk (safety) | 100 | 44th |
| IS quality | 96 | 93rd |
| IS balance sheet | 94 | 89th |
| IS earnings quality | 81 | 52nd |
| IS cash flow | 100 | 100th |
| Piotroski F-score (0-9) | 9 | 89th |
| Altman Z-score | 4.2 | 46th |
| Beneish M-score | −2.16 | 32nd |
| Ohlson O-score | −10.72 | 50th |
| IS credit score | 97 | 67th |
Size (TTM)
| Measure | NEM | Industry percentile |
|---|---|---|
| Market cap | $125.0B | 100th |
| Revenue | $25.3B | 100th |
| EBITDA | $16.6B | 100th |
| Net income | $8.6B | 100th |
| Free cash flow | $12.8B | 100th |
| Total assets | $57.6B | 100th |
| Shareholders' equity | $35.4B | 100th |
| Employees | 17,500 | 93rd |
Insider transactions, last 6 months
Form 4 · most recent 12| Date | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| 2026-10-01 | Toth Peter EVP, Chief Sustain & Dev Off |
Open-market sale | 3,000 | $114.81 | $344,430 | 34,315 |
| 2026-10-01 | Viljoen Natascha Director, President & CEO |
Open-market sale | 3,882 | $114.81 | $445,692 | 127,471 |
| 2026-09-02 | Beaven Peter David Director |
Award / grant | 1,092 | — | — | 1,092 |
| 2026-09-01 | Toth Peter EVP, Chief Sustain & Dev Off |
Open-market sale | 3,000 | $123.00 | $369,000 | 37,315 |
| 2026-09-01 | Viljoen Natascha Director, President & CEO |
Open-market sale | 3,882 | $123.00 | $477,486 | 131,353 |
| 2026-08-24 | Boyce Gregory H Director |
Gift | 46,871 | — | — | 0 |
| 2026-08-24 | Boyce Gregory H Director |
Gift | 46,871 | — | — | 46,871 |
| 2026-08-05 | Tabolt Brian Chief Financial Officer |
Open-market sale | 11,445 | $105.09 | $1.2M | 29,324 |
| 2026-08-05 | Viljoen Natascha Director, President & CEO |
Open-market sale | 7,764 | $104.00 | $807,456 | 135,235 |
| 2026-08-03 | Toth Peter EVP, Chief Sustain & Dev Off |
Open-market sale | 3,000 | $93.45 | $280,350 | 40,315 |
| 2026-07-28 | Wexler Peter Chief Legal Officer |
Tax withholding | 2,291 | $93.47 | $214,140 | 70,923 |
| 2026-07-27 | Fry David James EVP, Project Development |
Award / grant | 3,691 | — | — | 20,838 |
Shares acquired vs disposed, by month
acquired disposed · all Form 4 typesBy transaction type, 6 months
| Type | Direction | Filings | Shares | Value |
|---|---|---|---|---|
| Award / grant | Acquired | 18 | 47,142 | — |
| Gift | Disposed | 1 | 46,871 | — |
| Gift | Acquired | 1 | 46,871 | — |
| Open-market sale | Disposed | 11 | 57,647 | $6.3M |
| Tax withholding | Disposed | 4 | 14,504 | $1.5M |
| — | Disposed | 3 | 0 | — |
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.
Form 144 notices
| Filed | Filer | Shares proposed | Est. proceeds |
|---|---|---|---|
| None on file. | |||
A Form 144 is notice of a proposed sale, not a confirmed one.
Congress trades
12 months: House 0 trades (0 purchases) · Senate 0 (0 purchases)| Traded | Member | Chamber | Type | Amount | Disclosed |
|---|---|---|---|---|---|
| 2025-09-22 | Val Hoyle | House | Sale (Full) | $1,001 - $15,000 | 2025-10-10 |
| 2025-08-08 | Adam Smith | House | Sale | $1,001 - $15,000 | 2025-08-11 |
| 2025-08-08 | Adam Smith | House | Sale (Full) | $1,001 - $15,000 | 2025-08-08 |
| 2025-08-07 | Adam Smith | House | Sale (Full) | $1,001 - $15,000 | 2025-08-08 |
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.
Largest 13F holders
Quarter to 2026-06-30, the latest most managers have filed| Manager | Shares | Value | % of shares out |
|---|---|---|---|
| BlackRock, Inc. | 120,875,298 | $11.3B | 11.47% |
| VANGUARD CAPITAL MANAGEMENT LLC | 69,663,282 | $6.5B | 6.61% |
| STATE STREET CORP | 52,396,702 | $4.9B | 4.97% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 38,580,784 | $3.6B | 3.66% |
| VAN ECK ASSOCIATES CORP | 32,114,698 | $3.0B | 3.05% |
| GEODE CAPITAL MANAGEMENT, LLC | 27,976,177 | $2.7B | 2.66% |
| FMR LLC | 19,964,283 | $1.9B | 1.89% |
| Invesco Ltd. | 17,442,460 | $1.6B | 1.66% |
| NORGES BANK | 14,348,997 | $1.3B | 1.36% |
| Bank of New York Mellon Corp | 12,985,438 | $1.2B | 1.23% |
| First Eagle Investment Management, LLC | 11,570,326 | $1.1B | 1.10% |
| NORTHERN TRUST CORP | 10,193,805 | $952.1M | 0.97% |
| Amundi | 10,019,650 | $935.8M | 0.95% |
| DIMENSIONAL FUND ADVISORS LP | 9,826,386 | $917.9M | 0.93% |
| DEUTSCHE BANK AG\ | 9,665,861 | $902.8M | 0.92% |
Institutional ownership by quarter
% of shares held by 13F filers
Number of 13F filers holding
Holder changes by quarter
| Quarter | Holders | Ownership | New | Increased | Reduced | Closed |
|---|---|---|---|---|---|---|
| 2026-06-30 | 1,794 | 77.8% | 158 | 688 | 728 | 186 |
| 2026-03-31 | 1,850 | 76.4% | 274 | 692 | 688 | 125 |
| 2025-12-31 | 1,729 | 79.0% | 328 | 630 | 575 | 98 |
| 2025-09-30 | 1,535 | 76.7% | 282 | 558 | 483 | 71 |
| 2025-06-30 | 1,339 | 79.0% | 218 | 534 | 430 | 95 |
| 2025-03-31 | 1,233 | 75.9% | 205 | 519 | 352 | 116 |
| 2024-12-31 | 1,164 | 76.1% | 186 | 360 | 495 | 249 |
| 2024-09-30 | 1,249 | 76.0% | 204 | 439 | 445 | 75 |
| 2024-06-30 | 1,130 | 75.7% | 171 | 447 | 360 | 85 |
| 2024-03-31 | 1,061 | 74.2% | 112 | 448 | 365 | 146 |
| 2023-12-31 | 1,110 | 74.4% | 201 | 469 | 319 | 92 |
| 2023-09-30 | 1,012 | 60.7% | 83 | 348 | 426 | 120 |
Schedule 13D / 13G filers
| Filed | Form | Filer | % of class | Shares |
|---|---|---|---|---|
| None on file. | ||||
Required above 5% of a class; 13G is the passive form.
ETFs with the largest holding
| ETF | Weight in fund | Holding value |
|---|---|---|
| VITSX | 0.17% | $3.9B |
| VTI | 0.17% | $3.9B |
| VSMPX | 0.17% | $3.9B |
| VTSAX | 0.17% | $3.9B |
| VFINX | 0.18% | $3.2B |
| VFFSX | 0.18% | $3.2B |
Share structure
Shares outstanding1,053,692,271
Float1,052,518,297
Free float99.9%
Income statement
Fiscal years, USD| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Revenue | $12.2B | $11.9B | $11.8B | $18.6B | $22.1B |
| Cost of revenue | $9.8B | $9.8B | $10.6B | $12.1B | $11.1B |
| Gross profit | $2.4B | $2.1B | $1.2B | $6.4B | $11.0B |
| R&D | $154.0M | $229.0M | $200.0M | $197.0M | $166.0M |
| SG&A | $259.0M | $276.0M | $299.0M | $442.0M | $382.0M |
| Operating income | $1.9B | $1.6B | $650.0M | $5.7B | $10.4B |
| EBITDA | $5.5B | $3.3B | $1.9B | $7.9B | $13.1B |
| Pretax income | $1.3B | $56.0M | −$2.0B | $4.7B | $11.8B |
| Income tax | $1.1B | $455.0M | $526.0M | $1.4B | $4.6B |
| Net income | $1.2B | −$459.0M | −$2.5B | $3.3B | $7.1B |
| EPS, diluted | $1.46 | $-0.58 | $-3.00 | $2.86 | $6.41 |
| Diluted shares | 801.0M | 795.0M | 841.0M | 1.1B | 1.1B |
Balance sheet
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Cash & short-term investments | $5.1B | $3.8B | $3.0B | $3.6B | $7.6B |
| Receivables | $337.0M | $690.0M | $1.2B | $1.1B | $678.0M |
| Inventory | $1.8B | $1.8B | $2.6B | $2.2B | $1.5B |
| Total current assets | $7.7B | $6.5B | $7.5B | $12.3B | $9.8B |
| PP&E, net | $24.1B | $24.1B | $37.6B | $33.5B | $33.3B |
| Goodwill & intangibles | $2.8B | $2.0B | $3.0B | $2.7B | $2.7B |
| Total assets | $40.6B | $38.5B | $55.5B | $56.3B | $57.1B |
| Accounts payable | $518.0M | $633.0M | $960.0M | $843.0M | $816.0M |
| Total current liabilities | $2.7B | $2.9B | $6.0B | $7.5B | $5.7B |
| Long-term debt | $5.6B | $5.6B | $7.0B | $7.6B | $0 |
| Total liabilities | $18.7B | $18.9B | $26.3B | $26.2B | $23.1B |
| Shareholders' equity | $21.9B | $19.5B | $29.2B | $30.1B | $34.0B |
Cash flow statement
Outflows are negative| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Net income | $233.0M | −$399.0M | −$2.5B | $3.4B | $7.2B |
| Depreciation & amortization | $2.3B | $2.2B | $2.1B | $2.6B | $2.5B |
| Stock-based compensation | $72.0M | $73.0M | $80.0M | $89.0M | $99.0M |
| Change in working capital | −$541.0M | −$841.0M | −$513.0M | −$1.0B | −$1.0B |
| Operating cash flow | $4.3B | $3.2B | $2.8B | $6.4B | $10.3B |
| Capital expenditure | −$1.7B | −$2.1B | −$2.7B | −$3.4B | −$3.0B |
| Free cash flow | $2.6B | $1.1B | $97.0M | $3.0B | $7.3B |
| Investing cash flow | −$1.9B | −$3.0B | −$1.0B | −$2.7B | $739.0M |
| Net debt issued / repaid | −$463.0M | −$155.0M | −$67.0M | −$471.0M | −$3.5B |
| Buybacks | −$525.0M | $0 | $0 | −$1.2B | −$2.3B |
| Dividends paid | −$1.8B | −$1.7B | −$1.4B | −$1.1B | −$1.1B |
Ratio history
Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Gross margin | 19.5% | 17.9% | 10.4% | 34.9% | 49.8% |
| Operating margin | 15.7% | 13.5% | 6.0% | 31.1% | 46.9% |
| Net margin | 9.6% | -3.7% | -21.1% | 17.9% | 32.1% |
| FCF margin | 21.5% | 9.1% | 0.8% | 15.9% | 46.8% |
| ROE | 5.2% | -2.1% | -10.3% | 11.3% | 22.2% |
| ROIC | 1.1% | -53.1% | 1.6% | 11.5% | 23.6% |
| ROA | 2.8% | -1.1% | -5.3% | 6.0% | 12.5% |
| Debt / equity | 0.29 | 0.32 | 0.33 | 0.30 | 0.01 |
| Interest coverage | 0.9x | 0.8x | n/m | 13.1x | 51.8x |
| Current ratio | 2.90 | 2.23 | 1.25 | 1.63 | 1.72 |
| Revenue growth | +6.8% | −2.0% | −1.5% | +58.3% | +18.6% |
| EPS growth | −58.4% | −137.8% | −358.8% | +214.6% | +119.7% |
| P/E at year end | 37.5x | n/m | n/m | 12.6x | 15.6x |
| EV / EBITDA at year end | 10.2x | 11.3x | 24.4x | 6.1x | 7.1x |
| FCF yield at year end | 6.00% | 3.15% | 0.25% | 7.04% | 9.34% |
| Dividend payout | 150.7% | — | — | 34.2% | 15.6% |
Revenue by segment
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Gold Dore | $8.5B | $8.4B | $8.8B | $12.3B | $14.3B |
| Sales From Concentrate And Other Production | $3.7B | $3.6B | $3.0B | $6.4B | $8.3B |
Revenue by region · FY2025
UNITED KINGDOM$13.1B · 61%
KOREA, REPUBLIC OF$3.2B · 15%
JAPAN$2.0B · 9%
Other Countries$1.4B · 6%
Australia Segment$803.0M · 4%
MEXICO$639.0M · 3%
SWITZERLAND$89.0M · 0%
PHILIPPINES$82.0M · 0%
Street estimates by fiscal year
Next report 2026-10-22 · consensus EPS $1.95 · these are analysts' numbers, not ours| Fiscal year | Revenue (mean) | Revenue range | EPS (mean) | EPS range | Analysts | P/E on mean EPS |
|---|---|---|---|---|---|---|
| 2026 | $26.7B | $26.3B – $27.1B | $9.33 | $8.96 – $9.85 | 10 | 12.7x |
| 2027 | $28.7B | $28.0B – $29.3B | $10.43 | $8.72 – $12.80 | 11 | 11.4x |
| 2028 | $29.7B | $24.0B – $38.7B | $11.79 | $7.55 – $17.31 | 9 | 10.1x |
Reported vs expected, every quarter on file
| Reported | EPS expected | EPS actual | EPS surprise | Revenue expected | Revenue actual | Revenue surprise |
|---|---|---|---|---|---|---|
| 2026-07-23 | $2.05 | $2.10 | +2.4% | $6.4B | $6.1B | −3.7% |
| 2026-04-23 | $2.07 | $2.90 | +40.1% | $6.8B | $7.3B | +8.0% |
| 2026-02-19 | $2.07 | $2.52 | +21.7% | $6.2B | $6.8B | +9.5% |
| 2025-10-23 | $1.44 | $1.71 | +18.8% | $5.2B | $5.4B | +3.6% |
| 2025-07-24 | $0.91 | $1.43 | +58.0% | $4.7B | $5.3B | +12.3% |
| 2025-04-23 | $0.92 | $1.25 | +36.5% | $4.7B | $5.0B | +6.5% |
| 2025-02-20 | $1.11 | $1.40 | +26.1% | $5.1B | $5.7B | +11.2% |
| 2024-10-23 | $0.86 | $0.81 | −5.8% | $4.6B | $4.6B | −0.7% |
| 2024-07-24 | $0.62 | $0.72 | +16.1% | $4.1B | $4.3B | +4.3% |
| 2024-04-25 | $0.36 | $0.55 | +53.0% | $3.7B | $4.0B | +9.3% |
| 2024-02-22 | $0.51 | $0.50 | −2.0% | $5.0B | $4.0B | −21.2% |
| 2023-10-26 | $0.42 | $0.36 | −14.3% | $4.1B | $2.5B | −39.2% |
| 2023-07-20 | $0.39 | $0.33 | −15.4% | $4.3B | $2.7B | −37.0% |
| 2023-04-27 | $0.33 | $0.40 | +21.2% | $3.6B | $2.7B | −25.5% |
| 2023-02-23 | $0.47 | $0.44 | −6.4% | $3.1B | $3.2B | +3.7% |
| 2022-11-01 | $0.36 | $0.27 | −25.0% | $2.8B | $2.6B | −7.5% |
| 2022-07-25 | $0.63 | $0.46 | −27.0% | $3.0B | $3.1B | +0.5% |
| 2022-04-22 | $0.71 | $0.69 | −2.8% | $3.1B | $3.0B | −1.7% |
| 2022-02-24 | $0.76 | $0.78 | +2.6% | $3.3B | $3.4B | +1.3% |
| 2021-10-28 | $0.71 | $0.60 | −15.5% | $3.4B | $2.9B | −15.9% |
| 2021-07-22 | $0.78 | $0.83 | +6.4% | $3.4B | $3.1B | −10.5% |
| 2021-04-29 | $0.77 | $0.74 | −3.9% | $3.0B | $2.9B | −3.7% |
| 2021-02-18 | $0.95 | $1.06 | +11.6% | $3.0B | $3.4B | +13.1% |
| 2020-10-29 | $0.85 | $0.87 | +2.4% | $3.1B | $3.2B | +2.4% |
Off-exchange (dark pool) volume, weekly
FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)| Week of | Notional | Shares | Trades |
|---|---|---|---|
| 2026-08-31 | $1.1B | 8,850,454 | 157,773 |
| 2026-08-24 | $1.1B | 8,731,226 | 166,794 |
| 2026-08-17 | $1.2B | 9,347,611 | 187,924 |
| 2026-08-10 | $980.1M | 8,408,955 | 150,331 |
| 2026-08-03 | $1.0B | 9,719,769 | 168,909 |
| 2026-07-27 | $723.7M | 7,797,511 | 146,687 |
Short-sale share of off-exchange volume
daily 20-day average| Date | Short share | Short volume | Total volume |
|---|---|---|---|
| 2026-10-15 | 52.4% | 1,017,799 | 1,943,357 |
| 2026-10-14 | 46.3% | 1,209,753 | 2,613,414 |
| 2026-10-13 | 37.5% | 555,837 | 1,481,921 |
| 2026-10-12 | 40.4% | 402,306 | 996,613 |
| 2026-10-09 | 56.1% | 928,739 | 1,655,881 |
| 2026-10-08 | 60.7% | 935,649 | 1,542,335 |
| 2026-10-07 | 42.9% | 616,209 | 1,436,789 |
| 2026-10-06 | 37.0% | 662,693 | 1,791,374 |
| 2026-10-05 | 44.5% | 528,898 | 1,188,897 |
| 2026-10-02 | 36.6% | 476,635 | 1,303,935 |
A daily flow measure from FINRA, not short interest.
Seasonality
Average return by calendar month| Month | Avg return | Up years | Years |
|---|---|---|---|
| Jan | +1.2% | 55% | 20 |
| Feb | +0.4% | 40% | 20 |
| Mar | +1.9% | 57% | 21 |
| Apr | +2.8% | 55% | 20 |
| May | +1.2% | 45% | 20 |
| Jun | −0.2% | 50% | 20 |
| Jul | −1.1% | 35% | 20 |
| Aug | +1.8% | 55% | 20 |
| Sep | −1.2% | 45% | 20 |
| Oct | −1.4% | 55% | 20 |
| Nov | +1.8% | 55% | 20 |
| Dec | +2.0% | 55% | 20 |
History, not a forecast.
Indicators
as of 2026-10-16RSI 1451.0
MFI58.2
ADX15.4
Stochastic %K / %D54.8 / 41.4
Williams %R-14.3
CCI11
TSI / signal-9.9 / -7.5
Chaikin money flow0.16
ATR$3.85
Bollinger width12.7%
Volume vs 20-day avg1.35x
SupertrendDown
Moving averages and bands
level (price vs level)SMA 20$117.66 (+0.8%)
SMA 50$121.70 (−2.5%)
SMA 200$112.14 (+5.8%)
EMA 21$117.64 (+0.8%)
EMA 50$117.12 (+1.3%)
EMA 200$107.52 (+10.3%)
Bollinger upper$125.11 (−5.2%)
Bollinger lower$110.20 (+7.6%)
Parabolic SAR$109.84 (+8.0%)
Open the live chart, 110+ indicatorsAbout Newmont Corporation
Newmont Corporation is primarily involved in the mining and exploration of gold resources. Additionally, the company undertakes prospecting for other base and precious metals, including copper, silver, zinc, and lead. Its operations and assets are geographically widespread, located across various countries such as the United States, Canada, Mexico, the Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of the close of 2021 (December 31st), Newmont reported substantial proven and probable gold reserves, totaling 92.8 million ounces, and managed a vast land portfolio covering 62,800 square kilometers. Founded in 1916, the company's corporate headquarters are situated in Denver, Colorado.
https://www.newmont.com
Key executives
| Name | Title | Pay | Born |
|---|---|---|---|
| Natascha Viljoen EMBA | President, Chief Executive Officer & Director | $2.8M | 1970 |
| Peter Ivan Toth | Executive Vice President, Chief Sustainability & Development Officer | $1.9M | 1970 |
| Mark Rodgers | Executive Vice President & Chief Operating Officer | $1.8M | 1964 |
| Peter Wexler | Executive Vice President & Chief Legal Officer | $1.5M | 1968 |
| Brian C. Tabolt | Executive Vice President & Chief Financial Officer | $793,861 | 1981 |
| David Thornton | Executive VP & Chief Technical Officer | — | 1981 |
| Joshua Cage | Chief Accounting Officer & Controller | — | 1975 |
| Logan Hennessey | SVP, Group Head of Legal Governance & Compliance, Deputy General Counsel and Corporate Secretary | — | — |
Executive pay, latest proxy
| Executive | Year | Salary | Stock awards | Incentive | Total |
|---|---|---|---|---|---|
| KARYN OVELMEN Chief Financial Officer | 2022 | $2,023 | $2,023 | $2,023 | $2,023 |
| NATASCHA VILJOEN Chief Operating Officer | 2022 | $2,023 | $2,023 | $2,023 | $2,023 |
| AARON PUNA Chief Technology Officer | 2022 | $2,023 | $2,023 | $2,023 | $2,023 |
Employees
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| 2026-09-03 | $0.26 | 2026-09-28 |
| 2026-05-27 | $0.26 | 2026-06-22 |
| 2026-03-03 | $0.26 | 2026-03-26 |
| 2025-11-26 | $0.25 | 2025-12-22 |
| 2025-09-04 | $0.25 | 2025-09-29 |
| 2025-05-27 | $0.25 | 2025-06-20 |
| 2025-03-04 | $0.25 | 2025-03-27 |
| 2024-11-27 | $0.25 | 2024-12-23 |
Moat model
Weak · Network Effects · 2026-06-30Cost advantage49
Intangibles59
Switching costs32
Network effect80
Efficient scale68
Our component scores (0-100) and overall 54.8; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17