Newmont Corp

Newmont Corp

NEM

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Market Cap$98.74B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Newmont CorpNewmont Corp11.81.09%15%7.20.2

Earnings Call Q2 2026

July 23, 2026 - AI Summary

Strong Q2 operating + cash generation; on track for 2026 guidance - Produced ~1.3Moz gold, 17k tonnes copper, and 7Moz silver from the full portfolio. - Delivered $2.9B cash flow from operations (after working capital) and $2.2B record free cash flow (Q2). - Management reiterated full-year 2026 guidance confidence, supported by disciplined execution and portfolio conversion of production into cash.
Second-half production pattern clarified (near-term “dip then pick up”) - Q2 was modestly ahead of April expectations because some ounces were realized earlier than planned, shifting production into Q2. - New expected split: ~49% of full-year production in H1 and ~51% in H2. - Outlook: Q3 total portfolio production broadly in line with Q2, then Q4 expected to be the strongest (cited drivers: Lihir planned maintenance finishing in Q3; Ahafo North reaching full run rate).
Cost outlook: within guidance, but watch energy/fuel and sector inflation - Q2 costs impacted by higher oil prices; they explicitly referenced ~$100/bbl average oil price in Q2 contributing to CAS increase. - Company expects diesel cost pressure to continue into Q3 (lagged pass-through varies by site). - Despite energy pressure and potential indirects (freight, explosives/cyanide, labor contractors), they expect unit/absolute cost discipline remains within full-year guidance ranges. - Examples of productivity/cost offset actions: - Parked ~50 mining production units without affecting production. - Cerro Negro: ~15% increase in underground productive time per shift via efficiency in pre-start activities. - Ahafo North: targeted mill efficiency investments. - Merian: improved road/weather preparedness to optimize equipment performance in rainy season.

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$142.54

Target Price by Analysts

52.1% upsideNewmont Target Price DetailsTarget Price
$244.73

Current Fair Value

161.2% upside

Undervalued by 161.2% based on the discounted cash flow analysis.

Share Statistics

Market cap$98.74 Billion
Enterprise Value$96.47 Billion
Dividend Yield$1.02 (1.09%)
Earnings per Share$6.41
Beta0.48
Outstanding Shares1,065,000,000

Return

Return on Equity15.48%ROE
Return on Assets9.51%
Return on Invested Capital10.97%

Valuation & Multiples

P/E Ratio11.79P/E Ratio
PEG-24.71PEG
Price to Sales7.21Price to Sales
Price to Book Ratio2.84Price to Book Ratio
Enterprise Value to Revenue6.94
Enterprise Value to EBIT16.77
Enterprise Value to Net Income17
Total Debt to Enterprise0.07
Debt to Equity0.19Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 23, 2026
EPS Estimate
$2.05
Average shareholder expectation
Revenue Estimate
$6.35 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 22, 2026
EPS Estimate
$2.18
Average shareholder expectation
Revenue Estimate
$6.16 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio15.6269 1457.67%
Total Calls6,700 99.96%
Total Puts104,700 99.37%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %4.29% 69.23%
Total Invested$4.34B 95.06%
Investors Holding731 1199.00%

ESG Score

No data

About Newmont Corp

CEO: Thomas Palmer

Relevant Senate Committees

Joint Committee on Taxation

This committee provides critical analysis and revenue estimates for all tax legislation, directly influencing the corporate tax structures and fiscal policies that significantly affect Newmont's financial performance.

Finance

This committee controls taxation and trade policy, directly impacting Newmont's corporate tax burden, profitability, and any potential tariffs on equipment or exports/imports.

Agriculture, Nutrition, and Forestry

This committee oversees the CFTC, which regulates the derivatives and futures markets where gold is traded, directly impacting gold price discovery and market mechanics relevant to Newmont.

Energy and Natural Resources

This committee directly oversees national energy policy, public lands, and mineral leasing, which are critical for Newmont's access to resources, operational costs, and permitting for mining projects.

Environment and Public Works

This committee directly regulates environmental protection (EPA) which is crucial for mining permits, waste management, and operational compliance, significantly impacting Newmont's costs and ability to operate.