NEWMONT CORPORATION REGISTERED (NEM)
Share Price Analysis and Chart

Enter the company code or Name for stock analysis:

NEM

NEM - NEWMONT CORPORATION REGISTERED

FNArena Sector : Gold & Silver
Year End: December
GICS Industry Group : Materials
Debt/EBITDA: 1.12
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

LAST PRICE CHANGE +/- CHANGE % VOLUME

$141.00

15 Oct
2025

2.010

OPEN

$140.00

1.45%

HIGH

$141.20

247,686

LOW

$139.96

TARGET
$145.20 3.0% upside
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . ALK . AMI . ASL . AUC . AUE . BC8 . BEZ . BGL . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . EMR . EVN . EVR . FFM . FFM . FXG . GBZ . GGP . GMD . GOR . GPR . HGO . HRZ . IGO . KAI . KCN . KGL . MAU . MEI . MEK . MM8 . MML . NST . NVA . OBM . ORE . PDI . PNR . PRU . RMS . RRL . RSG . RXL . RXR . SBM . SMI . STM . STN . SVL . TBR . TCG . TRE . TTM . USL . VAU . WAF . WGX . WIA . WMX .
FNARENA'S MARKET CONSENSUS FORECASTS
NEM: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 1041.5 xxx
DPS (cps) 155.8 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 14.0 xxx
Dividend Yield 1.1% xxx
Div Pay Ratio(%) 15.0% xxx
This company reports in USD.
All estimates have been converted into AUD by FNArena at present FX values.

Dividend yield today if purchased 3 years ago: 29.11%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.03

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 26/11 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx433.9
DPS All xxxxxxxxxxxxxxx150.5
Sales/Revenue xxxxxxxxxxxxxxx28,133.8 M
Book Value Per Share xxxxxxxxxxxxxxx4,289.0
Net Operating Cash Flow xxxxxxxxxxxxxxx9,646.8 M
Net Profit Margin xxxxxxxxxxxxxxx17.68 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx10.94 %
Return on Invested Capital xxxxxxxxxxxxxxx8.66 %
Return on Assets xxxxxxxxxxxxxxx5.77 %
Return on Equity xxxxxxxxxxxxxxx10.94 %
Return on Total Capital xxxxxxxxxxxxxxx14.51 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx2,753.2 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx1,697 M
Long Term Debt xxxxxxxxxxxxxxx12,986 M
Total Debt xxxxxxxxxxxxxxx14,683 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx5,881 M
Price To Book Value xxxxxxxxxxxxxxx1.39

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx5,157.7 M
Capex % of Sales xxxxxxxxxxxxxxx18.33 %
Cost of Goods Sold xxxxxxxxxxxxxxx18,395 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,025 M
Research & Development xxxxxxxxxxxxxxx299 M
Investments - Total xxxxxxxxxxxxxxx7,523 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.7

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Morgans

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

UBS

08/10/2025

1

Buy

$140.00

-0.71%

After recently upgrading gold price forecast when spot gold touched US$3,600/oz, UBS notes the price has already moved higher to US$4,000/oz.

On this occasion, the broker isn't upgrading price estimates but is considering a scenario in which it lifted long-term price to US$3,200/oz from US$2,800/oz. This would push NPVs higher for gold stocks by 25% in the broker's view.

The broker expects few surprises at the upcoming quarterlies but highlights catalysts for gold miners will be delivering production in line with guidance, and generating free cash flow. 

The broker remains of the view the sector’s strong balance sheets and cash generation will support shareholder returns via dividends and buybacks. However, limited new discoveries, depleting assets, and shrinking reserves may push management toward increased M&A activity.

Under a flat spot (real) gold price scenario of US$4,000/oz, the broker sees 25% upside for Newmont Corp's target price.

Buy. Target unchanged at $140.

FORECAST
UBS forecasts a full year FY25 dividend of 155.54 cents and EPS of 981.49 cents.
UBS forecasts a full year FY26 dividend of 155.54 cents and EPS of 1175.92 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Canaccord Genuity

06/08/2025

-1

No Rating

-

Newmont reported a strong Q2 FY25, assesses Canaccord Genuity, generating record free cash flow of US$1.7bn and an all-time high AISC margin of US$1,738/oz, driven by solid operations and cost control.

Gold production of 1.46moz exceeded the broker's forecasts by 11%, and core AISC of US$1,582/oz was -10% below expectations, resulting in adjusted earnings (EBITDA) of US$3.0bn, 20% above forecast.

Full-year guidance remains at 5.6moz at US$1,620/oz AISC, with capital spend now weighted more to H2. Net debt fell to US$1.42bn, cash rose to US$6.2bn, and a new US$3bn buyback was approved after completing the prior program.

Canaccord maintains a Buy rating and raises its target price to US$86.00 from US$85.00.

FORECAST
Canaccord Genuity forecasts a full year FY25 EPS of 818.17 cents.
Canaccord Genuity forecasts a full year FY26 EPS of 849.28 cents.
Access Extra Coverage Research History >

NEM STOCK CHART

FNArena News on NEM

1
Rudi’s View: Small Caps, Quality, Gold, Balance & Maximum Diversification

Oct 16 2025 - Rudi's View
2
Weekly Ratings, Targets, Forecast Changes – 03-10-25

Oct 06 2025 - Weekly Reports
3
Rudi’s View: Coles, GemLife, Harvey Norman, Lynas, Orica, Reece, Seek & More

Sep 18 2025 - Rudi's View
4
Australian Broker Call *Extra* Edition – Sep 15, 2025

Sep 15 2025 - Daily Market Reports
5
Weekly Ratings, Targets, Forecast Changes – 05-09-25

Sep 08 2025 - Weekly Reports

Latest Gold & Silver News

1
Compelling Story Drives Pantoro Gold Rally

Oct 06 2025 - Commodities
2
Vault’s Cash Flow Potential ‘Under-Appreciated’

Sep 25 2025 - Commodities
3
Trend Remains Positive For Newmont Corp

Aug 19 2025 - Technicals
4
Aurelia Metals’ Shift To Copper Excites

Jul 11 2025 - Commodities
5
Plenty Of Potential For Greatland Resources

Jul 04 2025 - Commodities
6
Evolution’s Pullback An Opportunity?

Jul 01 2025 - Technicals
7
Silver Is On the Move

Jun 10 2025 - Technicals
8
De Grey Offsets Northern Star’s Production Doubt

May 05 2025 - Commodities
9
Evolution Mining Outperforming, Too Much

Apr 17 2025 - Australia
10
Favourite ASX-Gold Exposures

Apr 09 2025 - Commodities