Newmont Corporation (NEM) Stock

Newmont Corporation (NEM) is a Materials stock trading at $131.84 (as of 2026-08-24), with a market capitalization of $138.92B and a trailing P/E of 13.1. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Newmont Corporation is engaged in the production and exploration of gold, and it also explores for copper, silver, zinc, and lead. The company operates in countries including the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana.

Understand Newmont Corporation: how it makes money

Newmont produces and explores gold, and it makes money by developing and operating gold resources using its proven and probable gold reserves, while it also explores for copper, silver, zinc, and lead across multiple countries.

Its profit engine is converting proven and probable gold reserves into operating production, with additional value potential from exploration in other metals (copper, silver, zinc, and lead).

Business quality (Strong): Clear business description and reserve base, but the provided segment breakdown is insufficient to build mutually exclusive reportable segments.

Valuation: At 12× earnings, NEM trades 30% below the Precious Metals average (18×). Note: one-time items can distort reported P/E.

Bull case

  • Large, stated gold reserve base: As of December 31, 2021, it reported proven and probable gold reserves of 92.8 million ounces.
  • Broader metals exploration optionality: Beyond gold, it explores for copper, silver, zinc, and lead, which can diversify the opportunity set tied to resource development.

Bear case

  • Gold-focused earnings sensitivity to resource development: The company is centered on producing and exploring gold, so outcomes can be influenced by how effectively it converts reserve base into production.
  • Multi-country operating footprint increases complexity: It has operations and/or assets in many countries (United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana), which can add operational and execution challenges.
Valuation — source: SEC EDGAR (first-party)
Price$131.84
Market Cap$138.92B
P/E Ratio13.1
EV / EBITDA7.9
Price / Book3.92
Price / Sales5.29
FCF Yield13.1%
DCF Value (model)$139.47
DCF Upside vs Price5.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$22.67B
Net Margin31.3%
Revenue Growth (YoY)21.3%
EPS Growth (YoY)119.5%
FCF Growth (YoY)146.5%
Financial Health — source: SEC EDGAR
Altman Z-Score5.02 (safe)
Valuation vs Sector & Industry
Stock P/E13.1
Sector P/E (Materials)25.9
Industry P/E (Precious Metals)24.4
vs Sector-49.5%
vs Industry-46.3%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($13.65B)
Institutional Holders Tracked10
Congressional Trades (recent)10
Company
SectorMaterials
IndustryPrecious Metals
CEONatascha Viljoen
Employees22,200
CountryUS
IPO Date1980-03-17

Related Companies (Precious Metals; 8 comparable companies)

  • Freeport-McMoRan Inc. (FCX)
  • Cleveland-Cliffs Inc. (CLF)
  • Coeur Mining, Inc. (CDE)
  • Southern Copper Corporation (SCCO)
  • Aris Water Solutions, Inc. (ARIS)
  • Sunshine Silver Mining & Refining Co (SSMR)
  • Gold Resource Corporation (GORO)
  • i-80 Gold Corp. (IAUX)
NEM earnings history · NEM institutional & insider holders · NEM KPIs & operating metrics · NEM financials · NEM investor presentations & press releases · NEM SEC filings · NEM peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.