Newmont Corporation (NEM) Stock Price & Analysis
Newmont Corporation (NEM) closed at USD 114.11 on Thursday, October 22, 2026, down 2.62% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 117.18; the Oct 22, 2026 session ranged USD 111.41–114.31 on volume of 9,681,511 shares. Market capitalization is $120.24B, with a 52-week range of USD 76.05–135.29 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:23 UTC.
Also available as compact Markdown for AI agents: nexqual.com/NEM.md
Key facts (NEM)
- Last four reported quarters (through Jun 30, 2026): revenue $25.8B, net income $8.60B (33.4% margin), free cash flow $9.73B (SEC filings).
- Valuation: P/E 14.0x (avg 14.2x at the last 2 fiscal year-ends), net cash $3.93B.
- 3 of 80 tracked superinvestors hold NEM (13F, Q2 2026): 0 new, 0 added, 2 reduced, 1 unchanged.
- Analysts: Buy (mean 1.96 on a 1–5 scale) (23 analysts), mean target USD 136.19 (range 67–165).
- Total return with dividends: 1Y +29.6% vs S&P 500 +14.9%; 5Y +127.3% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 2.16, revenue estimate $6.17B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (NEM)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $12.2B | $11.9B | $11.8B | $18.7B | $22.7B | $25.8B |
| Net income | $1.17B | -$429M | -$2.49B | $3.35B | $7.08B | $8.60B |
| EPS (diluted) | $1.46 | -$0.54 | -$2.97 | $2.92 | $6.39 | — |
| Free cash flow | $2.63B | $1.09B | $97.0M | $2.96B | $7.30B | $9.73B |
| Net margin | 9.5% | -3.6% | -21.1% | 17.9% | 31.3% | 33.4% |
| Revenue growth | +6.3% | -2.5% | -0.9% | +58.2% | +21.3% | — |
| Cash + short-term investments | $5.07B | $3.76B | $3.02B | $3.64B | $8.24B | — |
| Total debt | $5.71B | $5.57B | $8.87B | $8.48B | $5.12B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (NEM)
P/E 14.0x · P/S 4.7x · EV/Sales 4.5x · P/FCF 12.4x · P/B 3.4x · FCF yield 8.09% · Earnings yield 7.15% · Dividend yield (paid, TTM) 0.92% · Buyback yield (TTM) 3.66% · Net cash $3.93B · EV $116B
P/E at fiscal year-ends: Dec 2025 15.6x, Dec 2024 12.8x.
Superinvestors (SEC 13F-HR, Q2 2026) (NEM)
3 of 80 tracked investors hold NEM. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Christopher Bloomstran | Semper Augustus | 4.72% | $41.8M | Reduced -6.7% |
| First Eagle Investment | First Eagle Investment Management | 1.80% | $1.08B | Reduced -3.8% |
| Mairs & Power | Mairs & Power Funds | <0.01% | $467K | Unchanged |
Analysts (NEM)
Consensus Buy (mean 1.96 on a 1–5 scale), 23 analysts; mean target USD 136.19 (low 67, high 165).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | Freedom Broker | Downgrade | Buy → Hold | $130 → $116 |
| 2026-10-20 | Citigroup | Target raised | Buy | $125 → $140 |
| 2026-10-19 | Barclays | Target lowered | Overweight | $124 → $123 |
| 2026-09-16 | RBC Capital | Target raised | Outperform | $135 → $155 |
| 2026-09-09 | Bernstein | Target lowered | Outperform | $147 → $144 |
| 2026-08-12 | Scotiabank | Target raised | Sector Outperform | $147 → $149 |
| 2026-07-28 | Barclays | Target lowered | Overweight | $125 → $124 |
| 2026-07-16 | Barclays | Target lowered | Overweight | $133 → $125 |
| 2026-07-14 | Scotiabank | Target lowered | Sector Outperform | $151 → $147 |
| 2026-07-14 | TD Cowen | Upgrade | Hold → Buy | $129 → $127 |
| 2026-07-09 | RBC Capital | Target lowered | Outperform | $140 → $135 |
| 2026-07-09 | B of A Securities | Target lowered | Buy | $157 → $132 |
Total return (dividends reinvested) (NEM)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +29.6% | +127.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +29.7% | +17.8% |
| Volatility (annualized) | 48.5% | 39.7% |
| Max drawdown | -32.1% (Jan 2026→Jul 2026) | -60.3% (Apr 2022→Feb 2024) |
NEM revenue by business segment (fiscal year ended Dec 31, 2024)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| NGM | $2.48B | 13.3% | +9.4% |
| Peñasquito: | $2.32B | 12.4% | +157.7% |
| Ahafo South | $1.92B | 10.3% | +70.2% |
| Cadia | $1.86B | 10.0% | +341.0% |
| Boddington: | $1.75B | 9.3% | -3.7% |
| Lihir | $1.47B | 7.9% | +453.8% |
| Tanami | $988.0M | 5.3% | +14.0% |
| Yanacocha | $841.0M | 4.5% | +56.6% |
| Porcupine | $673.0M | 3.6% | +33.8% |
| Merian | $660.0M | 3.5% | +5.6% |
| Brucejack | $610.0M | 3.3% | +747.2% |
| Éléonore | $583.0M | 3.1% | +28.7% |
| Cerro Negro | $566.0M | 3.0% | +11.0% |
| Musselwhite | $516.0M | 2.8% | +47.0% |
| Akyem | $495.0M | 2.6% | -13.8% |
| CC&V | $347.0M | 1.9% | +4.5% |
| Red Chris: | $325.0M | 1.7% | +915.6% |
| Telfer | $268.0M | 1.4% | +76.3% |
| Total revenue | $18.68B | 100% | — |
NEM revenue by product line (quarter ended Sep 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Gold Sales from Doré Production | $4.13B | 64.9% | +19.7% |
| Sales from Concentrate and Other Production | $2.23B | 35.1% | +7.7% |
| Total revenue | $6.36B | 100% | — |
NEM revenue by region (fiscal year ended Dec 31, 2025)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United Kingdom | $13.07B | 57.6% | +19.2% |
| South Korea | $3.20B | 14.1% | +63.4% |
| Japan | $2.00B | 8.8% | +4.3% |
| China | $1.41B | 6.2% | +343.7% |
| Other Countries | $1.38B | 6.1% | +18.5% |
| Australia | $803.0M | 3.5% | +96.3% |
| Mexico | $639.0M | 2.8% | +6.5% |
| Switzerland | $89.0M | 0.4% | -86.1% |
| Philippines | $82.0M | 0.4% | -88.4% |
| Total revenue | $22.67B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
NEM suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | BARRICK MINING CORP (B) | “For example, our joint ventures, including the joint venture that combined our and Barrick Mining Corporation's ("Barrick") respective Nevada operations, forming NGM, pursuant to the operating agreement entered into on July 1, 2019 between Barrick, Newmont and their wholly-owned subsidiaries party thereto (the "Nevada JV Agreement"), may not be as beneficial to us as expected, whether due to the above-described ri…” |
| Partner | Staatsolie Maatschappij Suriname | “If Staatsolie does not have sufficient funds or borrowing ability to make their capital commitments in accordance with the terms of the partnership agreement, our operations in Suriname could be impacted.” |
| Partner | Nevada Gold Mines | “It is noted that the Nevada mines owned by Nevada Gold Mines LLC, the joint venture between the Company (38.5%) and Barrick (61.5%), are not required to be disclosed in Exhibit 95 mine safety disclosure reporting as such sites are operated by our joint venture partner, Barrick.” |
| Partner | SSR MINING INC. (SSRM) | “Under the terms of the agreement with SSR, Newmont expects to receive deferred cash contingent consideration upon certain regulatory approvals, including the resolution of regulatory applications relating to the Carlton Tunnel.” |
Quoted from the company's 10-K filed Feb 19, 2026.
NEM analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Dec 2026) | $2.16 | $2.11 | +2.1% | $6.17B | 7 |
| Next quarter (ends Mar 2027) | $2.30 | $2.62 | -12.3% | $6.48B | 6 |
| Current fiscal year (ends Dec 2026) | $9.20 | $9.09 | +1.2% | $26.04B | 14 |
| Next fiscal year (ends Dec 2027) | $10.18 | $10.52 | -3.3% | $28.18B | 15 |
NEM options: expected move
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 60.0% | ±7.4% |
| Nov 6, 2026 | 14 | 52.2% | ±8.7% |
| Nov 13, 2026 | 21 | 47.6% | ±9.8% |
| Nov 20, 2026 | 28 | 46.0% | ±10.6% |
| Nov 27, 2026 | 35 | 40.8% | ±10.4% |
| Dec 4, 2026 | 42 | 40.3% | ±11.2% |
| Dec 18, 2026 | 56 | 39.4% | ±12.8% |
| Jan 15, 2027 | 84 | 37.7% | ±14.8% |
30-day implied volatility 43.5% vs 32.3% realized over the last 30 trading days. Put/call ratio (volume) 1.03. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:23 UTC)
| Price | USD 114.11 |
|---|---|
| Change | ▼ 2.62% (down) |
| Previous Close | USD 117.18 |
| Open | USD 113.5 |
| Day Range | USD 111.41 – 114.31 |
| 52-Week Range | USD 76.05 – 135.29 |
| Volume | 9,681,511 shares |
| Market Cap | $120.24B |
| Exchange | NYQ |
Technical Analysis (NEM)
Nexqual's technical model rates NEM "STRONG SELL" based on 0 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:23 UTC.
| Overall Signal | STRONG SELL |
|---|---|
| RSI (14) | 40.56 (neutral) |
| vs SMA50 | Below (USD 121.77) |
| MACD | -1.16 (negative) |
Analyst Ratings (NEM)
Wall Street analysts rate NEM "Buy" based on 23 analysts, with a mean price target of USD 136.19 (range USD 67–165), per Nexqual as of October 23, 2026 at 09:23 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 23 |
| Mean Target | USD 136.19 |
| High Target | USD 165 |
| Low Target | USD 67 |
| Buy / Hold / Sell | 20 / 2 / 1 |
Earnings (NEM)
| Next Earnings Date | 2026-10-22 |
|---|---|
| EPS Estimate | USD 2.16 |
| Revenue Estimate | $6.17B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-09-30 | USD 2.2 vs est 1.95 ▲ beat |
| 2026-06-30 | USD 2.1 vs est 1.99 ▲ beat |
| 2026-03-31 | USD 2.9 vs est 2.17 ▲ beat |
| 2025-12-31 | USD 2.52 vs est 2.03 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financials & Fundamentals (NEM)
| Total Revenue | $25.77B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +15.10% |
| Gross Margin | +68.04% |
| Operating Margin | +51.57% |
| Profit Margin | +33.36% |
| ROE | +25.91% |
| Debt / Equity | 0.16 |
| Current Ratio | 2.55 |
| Total Cash | $9.01B |
| Total Debt | $5.60B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $9.73B (37.8% of revenue) |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Financial Health Score (NEM)
Nexqual rates Newmont Corporation's overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:23 UTC.
| Growth | Strong — Revenue +21% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 68%, operating 52% (last 12 months) |
| Balance Sheet | Strong — $9.01B cash and investments vs $5.08B debt (Jun 2026, SEC), net cash |
| Cash Flow | Strong — FCF $9.73B (last 4 quarters to Jun 2026, SEC), 38% margin |
| Efficiency | Strong — ROE 26%, ROA 15.8% |
Ownership (NEM)
| Insider Ownership | +0.31% |
|---|---|
| Institutional Ownership | +81.83% |
| Shares Outstanding | 1.05B |
| Float | 1.05B |
| Short % of Float | +1.75% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
Leadership (NEM)
Newmont Corporation is led by Natascha Viljoen BEng (PrEng), EMBA, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:23 UTC.
| CEO, President & Director | Natascha Viljoen BEng (PrEng), EMBA |
|---|---|
| Executive VP & CFO | Brian C. Tabolt |
| Executive VP & COO | Mark Rodgers |
Major Backers & Investors (NEM)
Notable institutional backers of Newmont Corporation include Van Eck Associates Corporation, VanEck ETF Trust-VanEck Gold Miners ETF, FMR, LLC, according to Nexqual as of October 23, 2026 at 09:23 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Van Eck Associates Corporation | 3.05% |
| VanEck ETF Trust-VanEck Gold Miners ETF | 2.39% |
| FMR, LLC | 1.89% |
| Invesco | 1.66% |
| NORGES BANK | 1.36% |
| Fidelity | 1.32% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.47% |
| Vanguard Group | 10.27% |
| State Street | 4.97% |
| Geode Capital | 2.66% |
Source: Nexqual, October 23, 2026 at 09:23 UTC.
From Newmont Corporation's Latest SEC 10-K Filing (filed 2026-02-19)
Key Strengths & Strategy (as disclosed to the SEC)
- We engage regularly with relevant stakeholders, who we consider to be any person or organization potentially impacted by our activities or influential to our success, which allows us to gain a greater understanding of their needs, interests and perspectives while, at the same time, encouraging shared decision making to promote mutually beneficial outcomes.
- Our participation in industry initiatives, wherein we often take a leadership role, allows us to inform and influence global standards and practices, as well as gain insight into emerging expectations and issues.
- We measure the effectiveness of our approach to managing the wide range of health and safety risks by setting measurable objectives and targets.
Partnerships
- We understand the impact our activities can have on the environment and are committed to protect and prevent – or otherwise minimize, mitigate and remediate – those impacts in the areas where we operate through responsible management during all aspects of the mine lifecycle and collaboration with stakeholders to develop integrated approaches to land use.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| AEM | Agnico Eagle Mines Limited | USD 176.15 | ▼ 5.98% |
| B | Barrick Mining Corporation | USD 38.65 | ▼ 5.18% |
| WPM | Wheaton Precious Metals Corp | USD 123.53 | ▼ 6.54% |
| FNV | Franco-Nevada Corporation | USD 231.94 | ▼ 4.74% |
| AU | AngloGold Ashanti PLC | USD 85.19 | ▼ 6.89% |
| GFI | Gold Fields Limited | USD 35.14 | ▼ 4.51% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:23 UTC. This page is informational and not investment advice.
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