NEWMONT CORPORATION REGISTERED (NEM)
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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

$124.81

22 Sep
2025

5.600

OPEN

$123.40

4.70%

HIGH

$125.50

338,950

LOW

$123.40

TARGET
$121.00 -3.1% downside
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FNARENA'S MARKET CONSENSUS FORECASTS
NEM: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 883.8 xxx
DPS (cps) 155.3 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 14.1 xxx
Dividend Yield 1.2% xxx
Div Pay Ratio(%) 17.6% 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 :

 1.26

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

UBS

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

Macquarie

01/09/2025

3

Downgrade to Neutral from Outperform

$111.00

-11.06%

Macquarie switches its large-cap gold preference to Outperform-rated Northern Star Resources away from Newmont Corp, which is downgraded to Neutral from Outperform following a share price rally.

With fewer near-term risks, the broker sees scope for a positive re-rating of Northern Star, while Newmont’s strong performance is already priced in.

The target price for Newmont Corp rises by 2% to $111.

FORECAST
Macquarie forecasts a full year FY25 dividend of 155.16 cents and EPS of 750.66 cents.
Macquarie forecasts a full year FY26 dividend of 155.16 cents and EPS of 462.84 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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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 816.14 cents.
Canaccord Genuity forecasts a full year FY26 EPS of 847.17 cents.
Access Extra Coverage Research History >

NEM STOCK CHART

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Latest Gold & Silver News

1
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Aug 19 2025 - Technicals
2
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Jul 11 2025 - Commodities
3
Plenty Of Potential For Greatland Resources

Jul 04 2025 - Commodities
4
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Jul 01 2025 - Technicals
5
Silver Is On the Move

Jun 10 2025 - Technicals
6
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8
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9
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10
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Mar 18 2025 - Technicals