NEM

Newmont Corporation

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65.750

+4.24(6.893%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

66.570

Open

63.880

VWAP

65.57

Vol

30.91M

Mkt Cap

72.22B

Low

63.360

Amount

2.03B

EV/EBITDA(TTM)

6.96

Total Shares

1.15B

73.35B

EV/OCF(TTM)

8.57

P/S(TTM)

3.61

Newmont Corporation is a gold company and a producer of copper, zinc, lead, and silver with operations and/or assets in the Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea regions. The Company's operations include Brucejack, Red Chris, Penasquito, Merian, Cerro Negro, Yanacocha, Boddington, Tanami, Cadia, Lihir, Ahafo, and NGM. The Brucejack operation includes four mining leases and six core mineral claims which cover 8,169 acres (3,306 hectares) and 337 mineral claims covering 298,795 acres (120,918 hectares). The Red Chris operation includes five mining leases which cover 12,703 acres and 199 mineral claims, encompassing an area of 164,903 acres (66,734 hectares). Penasquito includes 20 mining concessions for operations comprising 113,231 acres (45,823 hectares) and 60 mining concessions for exploration of 107,456 acres (43,486 hectares). The Merian operation includes one right of exploitation encompassing an area of 41,687 acres (16,870 hectares).

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q3

FY2025Q4

FY2026Q1

5.07B

+10.16%

1.369

+69.06%

5.26B

-6.85%

1.473

+5.2%

4.71B

-6.07%

1.191

-4.71%

Estimates Revision

The market is revising Upward the revenue expectations for Newmont Corporation (NEM) for FY2025, with the revenue forecasts being adjusted by 2.97% over the past three months. During the same period, the stock price has changed by 21.60%.

Revenue Estimates for FY2025

Revise Upward

+2.97%

In Past 3 Month

EPS Estimates for FY2025

Revise Upward

+6.03%

In Past 3 Month

Stock Price

Go Up

+21.60%

In Past 3 Month

11 Analyst Rating

-0.56% Downside

Wall Street analysts forecast NEM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NEM is 65.38 USD with a low forecast of 56.00 USD and a high forecast of 73.45 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

8 Buy

3 Hold

0 Sell

Moderate Buy

-0.56% Downside

Current: 65.750

Low

56.00

Averages

65.38

High

73.45

-0.56% Downside

Current: 65.750

Low

56.00

Averages

65.38

High

73.45

National Bank

Sector Perform -> Outperform

upgrade

$100 -> $110

2025-07-25

New

Reason

National Bank

Price Target

$100 -> $110

2025-07-25

New

upgrade

Sector Perform -> Outperform

Reason

National Bank upgraded Newmont to Outperform from Sector Perform with a price target of C$110, up from C$100.

CIBC

Anita Soni

Neutral

maintain

$60 -> $74

2025-07-15

Reason

CIBC

Anita Soni

Price Target

$60 -> $74

2025-07-15

maintain

Neutral

Reason

CIBC analyst Anita Soni raised the firm's price target on Newmont to $74 from $60 and keeps a Neutral rating on the shares.

Goldman Sachs

Buy

Neutral

downgrade

$60.90

2025-07-08

Reason

Goldman Sachs

Price Target

$60.90

2025-07-08

downgrade

Buy

Neutral

Reason

Goldman Sachs downgraded Newmont to Neutral from Buy with a $60.90 price target. The firm sees more limited valuation upside following the stock's recent outperformance. While Newmont's business "remains defensive," the company's valuations now appear fairer relative to peers, with cost improvements remaining a 2-3yeasr story, the analyst tells investors in a research note.

Stifel

initiated

$73

2025-07-08

Reason

Stifel

Price Target

$73

2025-07-08

initiated

Reason

Stifel initiated coverage of Newmont with a Buy rating and $73 price target. The firm, which has a "tactical" gold price target of $3,800/oz on a six to twelve month view, argues that gold equities can "go much higher" compared to the price of gold and S&P 500. On copper, which the firm says is "under-owned," it advises increased exposure to take advantage of heightened supply stresses and estimates the incentive copper price is $5.00/lb.

UBS

Daniel Major

Buy

maintain

$60 -> $68

2025-07-03

Reason

UBS

Daniel Major

Price Target

$60 -> $68

2025-07-03

maintain

Buy

Reason

UBS analyst Daniel Major raised the firm's price target on Newmont to $68 from $60 and keeps a Buy rating on the shares.

National Bank

maintain

$94 -> $100

2025-06-24

Reason

National Bank

Price Target

$94 -> $100

2025-06-24

maintain

Reason

National Bank raised the firm's price target on Newmont to C$100 from C$94 and keeps a Sector Perform rating on the shares.

See All Ratings

Valuation Metrics

The current forward P/E ratio for Newmont Corporation (NEM.N) is 12.72, compared to its 5-year average forward P/E of 18.48. For a more detailed relative valuation and DCF analysis to assess Newmont Corporation 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Fair

5Y Average PE

18.48

Current PE

12.72

Overvalued PE

25.51

Undervalued PE

11.45

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

Fair

5Y Average EV/EBITDA

7.28

Current EV/EBITDA

6.69

Overvalued EV/EBITDA

9.07

Undervalued EV/EBITDA

5.49

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

3.18

Current PS

3.59

Overvalued PS

3.91

Undervalued PS

2.46