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

$106.10

15 Aug
2025

0.650

OPEN

$105.02

0.62%

HIGH

$106.40

283,546

LOW

$105.02

TARGET
$111.20 4.8% upside
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . ADT . ALK . AMI . ASL . AUC . AUE . BC8 . BEZ . BGL . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . EMR . EVN . EVR . FFM . FFM . GGP . GMD . GOR . GPR . HGO . HRZ . IGO . KCN . KGL . MAU . MEI . MEK . MM8 . MML . NST . NVA . OBM . 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) 863.2 xxx
DPS (cps) 154.9 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.4 xxx
Dividend Yield 1.5% xxx
Div Pay Ratio(%) 17.9% 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 :

 1.41

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

0.9

No. Of Recommendations

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

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

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

UBS

28/07/2025

1

Buy

$110.00

3.68%

UBS notes Newmont Corp had a challenging 4Q2024 with management changes, but the miner has now achieved a second successive strong result for 2Q2025, with management reconfirming 2025 guidance, which appears to be "conservative", the analyst states.

Newmont produced 1.48Moz for 2Q, which was above consensus and guidance by 6%; all-in-sustaining costs were below expectations by -8% due to reduced capex and timing around Cadia/Lihir.

Adjusted earnings (EBITDA) were better than consensus by 15%, and net income was 30% better, resulting in considerably more robust free cash flow at US$1.7bn, compared to the consensus forecast of US$733m.

UBS lifts its EPS estimate by 28% for 2025, while 2026 is unchanged.

Buy rating retained. Target rises to $110 from $105.

FORECAST
UBS forecasts a full year FY25 dividend of 154.70 cents and EPS of 922.03 cents.
UBS forecasts a full year FY26 dividend of 154.70 cents and EPS of 934.41 cents.

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

Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$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 813.74 cents.
Canaccord Genuity forecasts a full year FY26 EPS of 844.68 cents.
Access Extra Coverage Research History >

NEM STOCK CHART

FNArena News on NEM

1
Rudi’s View: BlueScope Steel, IGO, GrainCorp, Pilbara Minerals, Santos & More

Aug 14 2025 - Rudi's View
2
Rudi’s View: AI Updates, Hot Favourites & First August Results

Aug 07 2025 - Rudi's View
3
Australian Broker Call *Extra* Edition – Aug 06, 2025

Aug 06 2025 - Daily Market Reports
4
July In Review: Rotation Into A New All-Time High

Aug 06 2025 - Australia
5
Australian Broker Call *Extra* Edition – Aug 04, 2025

Aug 04 2025 - Daily Market Reports

Latest Gold & Silver News

1
Aurelia Metals’ Shift To Copper Excites

Jul 11 2025 - Commodities
2
Plenty Of Potential For Greatland Resources

Jul 04 2025 - Commodities
3
Evolution’s Pullback An Opportunity?

Jul 01 2025 - Technicals
4
Silver Is On the Move

Jun 10 2025 - Technicals
5
De Grey Offsets Northern Star’s Production Doubt

May 05 2025 - Commodities
6
Evolution Mining Outperforming, Too Much

Apr 17 2025 - Australia
7
Favourite ASX-Gold Exposures

Apr 09 2025 - Commodities
8
The Risk For Gold Heading Into A Tariff Storm

Mar 26 2025 - Technicals
9
Northern Star Has Broken Out

Mar 18 2025 - Technicals
10
Gold Miners On The Rise

Mar 11 2025 - Technicals