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Newmont (NEM)

Market Price (10/7/2025): $88.56 | Market Cap: $98.3 Bil
Sector: Materials | Industry: Gold

Newmont (NEM)

Market Price (10/7/2025): $88.56
Market Cap: $98.3 Bil
Sector: Materials
Industry: Gold

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.1%, FCF Yield is 5.4%		 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%		 
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 38%		  
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 39%		  
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 42%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26%, CFO LTM is 8.6 Bil, FCF LTM is 5.3 Bil		  
4 Low stock price volatility
Vol 12M is 38%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 3.1%, FCF Yield is 5.4%
1 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 38%
2 Attractive operating margins
Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 39%
3 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 42%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 26%, CFO LTM is 8.6 Bil, FCF LTM is 5.3 Bil
4 Low stock price volatility
Vol 12M is 38%
5 Trading close to highs
Dist 52W High is 0.0%, Dist 3Y High is 0.0%

Market Valuation & Key Metrics

NEMS&P 500
REVENUE GROWTHVERY GOOD
Rev LTM ($ Bil)20.6
Rev Chg Q20.8%6.1%
Rev Chg LTM38.4%5.2%
Rev Chg 3Y Avg20.6%5.3%
PROFITABILITYVERY GOOD
Op Inc LTM ($ Bil)8.0
Op Mgn LTM39.1%18.6%
CFO LTM ($ Bil)8.6
CFO/Rev LTM41.7%20.3%
Net Inc LTM ($ Bil)6.3
Net Inc Mgn30.5%12.6%
VALUATIONMODERATE
P/S4.83.3
P/CFO11.516.0
P/FCF18.521.2
P/E15.724.0
STABILITYVERY GOOD
Debt/Equity0.080.21
Cash/Assets0.120.07

NEM Stock

Factor Drivers of Stock Movement
The 98.9% change in NEM stock from 4/7/2025 to 10/6/2025 was primarily driven by a 56.2% change in the company's Net Income Margin (%).

407202510062025Change
Stock Price ($)44.5088.5198.89%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)5652.005317.00-5.93%
Net Income Margin (%)24.82%38.76%56.15%
P/E Multiple35.8847.6732.87%
Shares Outstanding (Mil)1131.001110.001.86%
Cumulative Contribution98.82%

LTM = Last Twelve Months as of date shown
The 69.3% change in NEM stock from 10/6/2024 to 10/6/2025 was primarily driven by a 100.0% change in the company's Net Income Margin (%).

1006202410062025Change
Stock Price ($)52.2988.5169.26%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)4402.005317.0020.79%
Net Income Margin (%)19.38%38.76%100.04%
P/E Multiple70.6847.67-32.56%
Shares Outstanding (Mil)1153.001110.003.73%
Cumulative Contribution69.03%

LTM = Last Twelve Months as of date shown
The 127.3% change in NEM stock from 10/7/2022 to 10/6/2025 was primarily driven by a 206.3% change in the company's Net Income Margin (%).

1007202210062025Change
Stock Price ($)38.9488.51127.33%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)3058.005317.0073.87%
Net Income Margin (%)12.66%38.76%206.29%
P/E Multiple79.8847.67-40.33%
Shares Outstanding (Mil)794.001110.00-39.80%
Cumulative Contribution91.32%

LTM = Last Twelve Months as of date shown

Price Returns Compared

 202020212022202320242025Total [1]
Returns
NEM Return40%7%-21%-9%-8%141%138%
Peers Return27%-5%-10%7%20%105%189%
S&P 500 Return16%27%-19%24%23%15%108%

Monthly Win Rates [3]
NEM Win Rate50%42%50%58%58%100% 
Peers Win Rate37%37%32%45%45%78% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
NEM Max Drawdown-9%-9%-37%-26%-28%0% 
Peers Max Drawdown-18%-17%-26%-16%-14%0% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AEM, FNV, KGC, NAMM, NEM. See NEM Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/6/2025 (YTD)

Downturns Compared

Unique KeyEventNEMS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-60.3%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven151.6%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven692 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-24.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven32.5%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven27 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-29.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven41.5%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven469 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-61.7%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven161.0%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven561 days1480 days


How Low Can It Go?

Newmont's stock fell -60.3% during the 2022 Inflation Shock from a high on 4/18/2022. A -60.3% loss requires a 151.6% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Newmont (NEM)

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of December 31, 2021, it had proven and probable gold reserves of 92.8 million ounces and land position of 62,800 square kilometers. The company was founded in 1916 and is headquartered in Denver, Colorado.

Interactive Breakdown

Newmont Interactive Breakdown Analysis

Better Bets than Newmont (NEM)

 NEMBetter Performance than NEM
MetricValueIndustry (Gold)
Rev Chg LTM38.4%AU (54.6%), CDE (63.7%), IAG (57.8%), EGO (42.9%), EQX (74.3%)
Rev Chg 3Y Avg20.6%AEM (28.4%), AU (26.4%), KGC (29.1%), AGI (21.8%), PAAS (24.5%)
Op Mgn LTM39.1%AEM (41.8%), FNV (68.3%), RGLD (64.7%), OR (69.0%), ORLA (40.3%)
CFO/Rev LTM41.7%AEM (47.3%), FNV (88.1%), KGC (48.0%), AGI (45.1%), RGLD (70.9%)
FCF/Rev LTM25.9%AEM (26.1%), KGC (29.3%), RGLD (43.2%), OR (39.7%), SAND (73.9%)
Total Yield7.5%IAG (10.1%)
 NEMBetter Performance than NEM
MetricValueAll Other Sectors
Rev Chg LTM38.4%NVDA (71.6%), PLTR (38.8%), MU (48.9%), APP (48.2%), APH (40.5%)
Rev Chg 3Y Avg20.6%NVDA (92.0%), AVGO (24.0%), LLY (23.4%), PLTR (25.7%), SHOP (26.0%)
Op Mgn LTM39.1%NVDA (58.1%), MSFT (45.6%), META (42.9%), LLY (43.0%), V (66.5%)
CFO/Rev LTM41.7%NVDA (46.6%), MSFT (48.3%), META (56.4%), AVGO (42.4%), V (60.4%)
FCF/Rev LTM25.9%NVDA (43.6%), META (30.7%), AVGO (41.6%), V (56.8%), MA (49.2%)
Total Yield7.5%XOM (9.8%), JNJ (7.7%), BABA (33.7%), UNH (8.9%), CVX (9.6%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Newmont Earnings Notes  
2Day 5 of Gains Streak for Newmont Stock with 7.5% Return (vs. 97% YTD) [8/26/2025]Notification 
3NEM's 20% Single Month Rise Brings Valuations Into Focus - Is FANG a Better Deal?Counter-Intuitive Comparisons 
4NEM Leaps 16% In One Month: Does It Lead the Pack?Peer Comparison 
5Better Bet Than NEM Stock: Pay Less Than Newmont To Get More From CALM, PTCT   
6Why Newmont Stock Moved: NEM Stock Has Gained 137% Since 2024 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)  
7NEM Climbed 16% In A Month. How Confident Are You In The Stock?Return 
8NEM Dip Buy Analysis  
9Newmont Total Shareholder Return (TSR): -6.6% in 2024 and -9.0% 3-yr compounded annual returns (below peer average)  
10Newmont (NEM) Operating Cash Flow ComparisonFinancials 
11ARTICLES  
12Large Cap Stocks Trading At 52-Week High October 2nd, 2025
13Large Cap Stocks Trading At 52-Week High September 24th, 2025
14What’s Happening With Newmont Stock? September 22nd, 2025
15S&P 500 Movers | Winners: PSKY, ES, NEM | Losers: DXCM, CTSH, HUM September 22nd, 2025
16S&P 500 Stocks Trading At 52-Week High September 2nd, 2025
Title
0DASHBOARDS
1Large Cap Stocks Trading At 52-Week High
2Large Cap Stocks Trading At 52-Week High
3What’s Happening With Newmont Stock?
4S&P 500 Movers | Winners: PSKY, ES, NEM | Losers: DXCM, CTSH, HUM
5S&P 500 Stocks Trading At 52-Week High
6ARTICLES
7Newmont Earnings Notes
8Day 5 of Gains Streak for Newmont Stock with 7.5% Return (vs. 97% YTD) [8/26/2025]
9NEM's 20% Single Month Rise Brings Valuations Into Focus - Is FANG a Better Deal?
10NEM Leaps 16% In One Month: Does It Lead the Pack?
11Better Bet Than NEM Stock: Pay Less Than Newmont To Get More From CALM, PTCT 
12Why Newmont Stock Moved: NEM Stock Has Gained 137% Since 2024 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
13NEM Climbed 16% In A Month. How Confident Are You In The Stock?
14NEM Dip Buy Analysis
15Newmont Total Shareholder Return (TSR): -6.6% in 2024 and -9.0% 3-yr compounded annual returns (below peer average)
16Newmont (NEM) Operating Cash Flow Comparison

Trade Ideas

Select past trade ideas related to NEM and Gold.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
AXTA_9302025_Dip_Buyer_FCFYield09302025AXTAAxalta Coating SystemsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-1.5%-1.5%-1.9%
GPK_9302025_Dip_Buyer_ValueBuy09302025GPKGraphic PackagingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-2.5%-2.5%-2.5%
FCX_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025FCXFreeport-McMoRanMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		2.8%2.8%-0.9%
KWR_7312025_Dip_Buyer_FCFYield07312025KWRQuaker HoughtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		15.4%15.4%0.0%
TGLS_6302025_Quality_Momentum_RoomToRun_10%06302025TGLSTecnoglassQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		-14.4%-14.4%-14.9%
NEM_1312024_Monopoly_xInd_xCD_Getting_Cheaper01312024NEMNewmontMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		44.2%28.0%-13.5%
NEM_2282023_Monopoly_xInd_xCD_Getting_Cheaper02282023NEMNewmontMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-7.6%-28.7%-28.8%
NEM_8312022_Dip_Buyer_High_CFO_Margins_ExInd_DE08312022NEMNewmontDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		9.3%-0.4%-7.4%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
AXTA_9302025_Dip_Buyer_FCFYield09302025AXTAAxalta Coating SystemsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-1.5%-1.5%-1.9%
GPK_9302025_Dip_Buyer_ValueBuy09302025GPKGraphic PackagingDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-2.5%-2.5%-2.5%
FCX_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025FCXFreeport-McMoRanMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		2.8%2.8%-0.9%
KWR_7312025_Dip_Buyer_FCFYield07312025KWRQuaker HoughtonDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		15.4%15.4%0.0%
TGLS_6302025_Quality_Momentum_RoomToRun_10%06302025TGLSTecnoglassQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		-14.4%-14.4%-14.9%
NEM_1312024_Monopoly_xInd_xCD_Getting_Cheaper01312024NEMNewmontMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		44.2%28.0%-13.5%
NEM_2282023_Monopoly_xInd_xCD_Getting_Cheaper02282023NEMNewmontMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-7.6%-28.7%-28.8%
NEM_8312022_Dip_Buyer_High_CFO_Margins_ExInd_DE08312022NEMNewmontDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap		9.3%-0.4%-7.4%

See Trefis Trade Ideas for more.

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PLUGPlug Power81.9%93.9%
2SLDPSolid Power63.9%205.3%
3USARUSA Rare Earth50.1%88222.1%
4ANGXAngel Studios50.0% 
5ASTSAST SpaceMobile49.3%245.5%
6LACLithium Americas47.2%184.5%
7HIVEHIVE Digital Technologies44.7%95.4%
8RCATRed Cat43.5%13.5%
9BKSYBlackSky Technology43.1%164.9%
10ACHRArcher Aviation41.3%39.9%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAGENiagen Bioscience-26.7% 
2IDTIDT-24.3%2.5%
3FLYFirefly Aerospace-21.3% 
4WIXWix.com-19.1%-31.9%
5HTZHertz Global-18.1%53.1%
6PSIXPower Solutions International-17.9%184.3%
7APPAppLovin-17.6%81.3%
8DKNGDraftKings-17.3%-6.0%
9KVYOKlaviyo-17.0%-36.6%
10RSIRush Street Interactive-16.6%36.2%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1993.6%292.9%
2QUREuniQure194.8%199.6%
3LACLithium Americas192.4%184.5%
4PLUGPlug Power182.9%93.9%
5RGTIRigetti Computing176.2%173.3%
6BITFBitfarms168.2%132.2%
7BETRBetter Home & Finance141.2%548.0%
8CLPTClearPoint Neuro140.6%72.9%
9PLPlanet Labs PBC133.4%277.2%
10RAPTRAPT Therapeutics131.0%136.3%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1FLYFirefly Aerospace-31.8% 
2NEXTNextDecade-31.3%-4.8%
3KALVKalVista Pharmaceuticals-30.7%29.4%
4RIGLRigel Pharmaceuticals-30.1%71.8%
5PGENPrecigen-28.0%180.4%
6KRUSKura Sushi USA-27.6%-34.9%
7SFIXStitch Fix-27.1%-4.4%
8CTEVClaritev-27.0% 
9SFMSprouts Farmers Market-26.7%-19.9%
10HRMYHarmony Biosciences-26.1%-22.7%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PLUGPlug Power81.9%93.9%
2SLDPSolid Power63.9%205.3%
3USARUSA Rare Earth50.1%88222.1%
4ANGXAngel Studios50.0% 
5ASTSAST SpaceMobile49.3%245.5%
6LACLithium Americas47.2%184.5%
7HIVEHIVE Digital Technologies44.7%95.4%
8RCATRed Cat43.5%13.5%
9BKSYBlackSky Technology43.1%164.9%
10ACHRArcher Aviation41.3%39.9%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1NAGENiagen Bioscience-26.7% 
2IDTIDT-24.3%2.5%
3FLYFirefly Aerospace-21.3% 
4WIXWix.com-19.1%-31.9%
5HTZHertz Global-18.1%53.1%
6PSIXPower Solutions International-17.9%184.3%
7APPAppLovin-17.6%81.3%
8DKNGDraftKings-17.3%-6.0%
9KVYOKlaviyo-17.0%-36.6%
10RSIRush Street Interactive-16.6%36.2%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Newmont

Financials

NEMAEMFNVKGCNAMMMedian
NameNewmont Agnico E.Franco-N.Kinross .Namib Mi. 
Mkt Price88.51170.41221.7825.353.2688.51
Mkt Cap98.285.642.731.2-64.2
Rev LTM20,5848,9241,3345,565-7,244
Op Inc LTM8,0413,7329111,874-2,803
FCF LTM5,3222,325-9381,628-1,977
FCF 3Y Avg2,0941,33342819-1,076
CFO LTM8,5744,2221,1762,669-3,446
CFO 3Y Avg5,0083,0651,0171,834-2,450

Growth & Margins

NEMAEMFNVKGCNAMMMedian
NameNewmont Agnico E.Franco-N.Kinross .Namib Mi. 
Rev Chg LTM38.4%28.5%18.1%26.7%-27.6%
Rev Chg 3Y Avg20.6%28.4%0.7%29.1%-24.5%
Rev Chg Q20.8%34.9%42.0%38.5%-36.7%
QoQ Delta Rev Chg LTM4.7%7.7%8.9%8.1%-7.9%
Op Mgn LTM39.1%41.8%68.3%33.7%-40.4%
Op Mgn 3Y Avg21.1%31.8%63.5%18.6%-26.4%
QoQ Delta Op Mgn LTM3.6%3.8%1.6%4.6%-3.7%
CFO/Rev LTM41.7%47.3%88.1%48.0%-47.6%
CFO/Rev 3Y Avg30.3%41.5%82.3%39.1%-40.3%
FCF/Rev LTM25.9%26.1%-70.3%29.3%-26.0%
FCF/Rev 3Y Avg11.0%17.2%6.5%16.4%-13.7%

Valuation

NEMAEMFNVKGCNAMMMedian
NameNewmont Agnico E.Franco-N.Kinross .Namib Mi. 
Mkt Cap98.285.642.731.2-64.2
P/S4.89.632.05.6-7.6
P/EBIT10.923.842.616.5-20.1
P/E15.736.254.425.8-31.0
P/CFO11.520.336.311.7-16.0
Total Yield7.5%3.6%2.3%4.4%-4.0%
Dividend Yield1.1%0.8%0.5%0.5%-0.6%
FCF Yield 3Y Avg3.5%3.3%0.4%6.1%-3.4%
D/E0.10.00.00.0-0.0
Net D/E0.00.0-0.00.0-0.0

Returns

NEMAEMFNVKGCNAMMMedian
NameNewmont Agnico E.Franco-N.Kinross .Namib Mi. 
1M Rtn16.2%12.2%14.4%14.7%0.6%14.4%
3M Rtn47.6%39.9%34.4%58.2%-56.8%39.9%
6M Rtn98.9%72.1%53.1%112.4%-85.5%
12M Rtn69.3%119.5%85.3%171.6%-102.4%
3Y Rtn127.3%330.7%90.5%616.5%-229.0%
1M Excs Rtn12.2%8.2%10.5%10.7%-3.4%10.5%
3M Excs Rtn45.9%38.9%32.3%58.9%-63.7%38.9%
6M Excs Rtn69.1%39.5%20.7%83.0%-54.3%
12M Excs Rtn49.1%94.0%61.5%143.8%-77.8%
3Y Excs Rtn46.7%258.1%8.6%561.3%-152.4%

Comparison Analyses

Title
0NEM Leaps 16% In One Month: Does It Lead the Pack?
1Newmont vs. Freeport-McMoRan: With Return Forecast Of 65%, Newmont Is A Better Bet
2Newmont Mining vs. Southern Copper: With Return Forecast Of 55%, Newmont Mining Is A Better Bet
3Newmont Mining vs. Booking Holdings: With Return Forecast Of 30%, Newmont Mining Is A Better Bet
4CSX or NEM - With 36% Return Forecast, NEM Probably Deserves Your Money
5Newmont Mining vs. Walt Disney: Similar Income, But Newmont Mining Is A Better Bet
6Newmont Mining vs. Visa: Similar Income, But Newmont Mining Is A Better Bet
7Newmont Mining vs. Netflix: Similar Income, But Netflix Is A Better Bet
8Newmont Mining vs. Fidelity National Information Services: Similar Revenue, But Newmont Mining Is A Better Bet
9Newmont Mining vs. CSX: Similar Revenue, But Newmont Mining Is A Better Bet

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date7/24/20254/24/20252/21/202510/24/20247/25/20244/29/20242/29/202410/26/20237/20/20234/27/20232/23/202311/1/2022
Key Financials Quarterly            
Total Revenue5,3175,0105,6524,6054,4024,0233,9572,4932,6832,6793,2002,634
Ebitda3,8033,1432,8361,7761,7411,175-2,3407608351,065-759859
Operating Income2,4172,0162,3101,2981,344958-487275407513-97306
Net Income2,0611,8911,403922853170-3,158158155351-1,477213
EPS1.861.681.240.800.740.15-3.210.200.190.44-1.860.27
Key Financials TTM            
Total Revenue TTM20,58419,66918,68216,98714,87513,15611,81211,05511,19611,57111,91512,105
Ebitda TTM11,5589,4967,5282,3521,3364303201,9012,0002,1892,3613,318
Operating Income TTM8,0416,9685,9103,1132,0901,1537081,0981,1291,2841,6051,118
Net Income TTM6,2775,0693,348-1,213-1,977-2,675-2,494-813-758-526-4291,002
Growth Rates Quarterly            
Total Revenue Growth20.8%24.5%42.8%84.7%64.1%50.2%23.7%-5.4%-12.3%-11.4%-5.6%-9.0%
EBITDA Growth118.4%167.5%221.2%133.7%108.5%10.3%-208.3%-11.5%-18.5%-13.9%-483.3%52.0%
Operating Income Growth79.8%110.4%574.3%372.0%230.2%86.7%-402.1%-10.1%-27.6%-38.5%83.4%-54.6%
Net Income Growth141.6%1012.4%144.4%483.5%450.3%-51.6%-113.8%-25.8%-59.9%-21.7%-3110.9%7000.0%
Margins Quarterly            
EBITDA Margin71.5%62.7%50.2%38.6%39.6%29.2%-59.1%30.5%31.1%39.8%-23.7%32.6%
Operating Income Margin45.5%40.2%40.9%28.2%30.5%23.8%-12.3%11.0%15.2%19.1%-3.0%11.6%
Net Income Margin38.8%37.7%24.8%20.0%19.4%4.2%-79.8%6.3%5.8%13.1%-46.2%8.1%
Cash & Debt            
Total Cash6,6534,7163,6403,0592,6522,3593,0253,2143,2383,5043,7573,813
Total Debt7,6077,9868,9729,0999,2259,4689,4366,0876,1116,1196,1326,127
Net Debt / (Cash)9543,2705,3326,0406,5737,1096,4112,8732,8732,6152,3752,314
Cash Flows Quarterly            
FCF from Operations2,3842,0312,5111,6481,4287766161,0036634811,010473
Cash Flows TTM            
FCF from Operations TTM8,5747,6186,3634,4683,8233,0582,7633,1572,6273,0073,2203,509
Returns to Shareholders Quarterly            
Dividends279282282286289288461318318318436437
Share Repurchases1,011348798344104-0-0-0-0-0-0-0
Return on Invested Capital (ROIC) Quarterly            
ROIC20.1%17.5%16.8%10.6%11.5%3.9%-5.1%3.6%3.5%6.0%-1.9%4.0%
Return on Invested Capital (ROIC) TTM            
ROIC TTM17.8%14.9%11.3%8.3%5.5%3.0%1.9%5.2%5.4%6.2%7.8%1.2%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Nevada Gold Mines (NGM)2,2712,0982,291  
Boddington1,8141,7631,507  
Ahafo1,1301,023864  
Peñasquito9012,1892,634  
Tanami867878879  
Merian625723780  
Akyem574749680  
Yanacocha537451471  
Cerro Negro510508480  
Porcupine503504517  
Éléonore453391446  
Cadia422    
Musselwhite351305277  
Cripple Creek & Victor Gold Mining Company LLC (CC&V)332333396  
Lihir266    
Telfer152    
Brucejack72    
Red Chris32    
Corporate and Other000  
Gold Sales from Doré Production   8,5347,975
Sales from Concentrate and Other Production   2,9631,765
Total11,81211,91512,22211,4979,740


Assets by Segment
$ Mil20242023202220212020
Corporate and Other9,8448,3699,811  
Nevada Gold Mines (NGM)7,4017,4197,584  
Cadia6,351    
Peñasquito4,7386,4306,561  
Brucejack4,006    
Lihir3,909    
Ahafo2,8232,6192,425  
Boddington2,3762,2642,261  
Red Chris2,178    
Yanacocha2,1172,2251,735  
Tanami1,8961,5851,334  
Cerro Negro1,6461,6592,183  
Porcupine1,4731,4011,572  
Akyem1,069998990  
Musselwhite1,0181,2941,317  
Merian927923952  
Éléonore7771,0101,062  
Telfer574    
Cripple Creek & Victor Gold Mining Company LLC (CC&V)383286777  
Total55,50638,48240,564  


Price Behavior

NEM Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta-0.030.230.600.370.460.63
Up Beta-1.510.96-0.010.510.540.63
Down Beta-3.35-0.71-1.470.320.500.71
Up Capture178%151%246%66%45%33%
Bmk +ve Days13233574144420
Stock +ve Days11253973135389
Down Capture-86%-174%16%-47%18%78%
Bmk -ve Days8192952107330
Stock -ve Days10172553116358

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date9152025
Short Interest: Shares Quantity23,053,364
Short Interest: % Change Since 83120259.8%
Average Daily Volume10,309,816
Days-to-Cover Short Interest2.24
Basic Shares Quantity1,110,000,000
Short % of Basic Shares2.1%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/24/20256.9%1.0%15.1%
2/20/2025-5.7%-12.4%-0.9%
10/23/2024-14.7%-18.7%-25.0%
7/24/2024-4.2%2.9%7.8%
2/22/2024-7.6%-10.6%4.1%
10/26/20232.0%1.4%2.3%
7/20/2023-6.0%-3.8%-14.4%
2/23/20230.1%-0.3%9.1%
...
SUMMARY STATS   
# Positive71110
# Negative13910
Median Positive2.9%2.3%9.7%
Median Negative-4.2%-5.6%-7.9%
Max Positive6.9%11.0%15.4%
Max Negative-14.7%-18.7%-25.0%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025724202510-Q 6/30/2025
3312025424202510-Q 3/31/2025
12312024221202510-K 12/31/2024
93020241024202410-Q 9/30/2024
6302024725202410-Q 6/30/2024
3312024429202410-Q 3/31/2024
12312023229202410-K 12/31/2023
93020231026202310-Q 9/30/2023
6302023720202310-Q 6/30/2023
3312023427202310-Q 3/31/2023
12312022223202310-K 12/31/2022
93020221101202210-Q 9/30/2022
6302022725202210-Q 6/30/2022
3312022422202210-Q 3/31/2022
12312021224202210-K 12/31/2021
93020211028202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Brook Bruce R 9042025Sell74.592,077154,9232,905,206Form
1Tabolt BrianSVP & CAO8082025Sell68.027,015477,1602,218,472Form
2Toth PeterEVP, Chief Sustain & Dev Off8052025Sell63.663,000190,9803,739,134Form
3Brook Bruce R 8052025Sell63.662,077132,2222,611,715Form
4Brook Bruce R 7032025Sell58.752,077122,0242,532,301Form

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