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: 0.42
Index: ASX50 | ASX100 | ASX200 | ASX300 | ALL-ORDS

Newmont is a global gold producer with additional production of copper, silver, zinc and lead.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$174.39

05 Nov
2026

20.090

OPEN

$168.40

13.02%

HIGH

$174.39

596,808

LOW

$168.30

TARGET
$189.20 8.5% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
NEM: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 1362.3 xxx
DPS (cps) 149.5 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.6 xxx
Dividend Yield 0.9% xxx
Div Pay Ratio(%) 11.0% 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: 2.43%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 0.84

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: 02/09 - (franking ex-div 25.95c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx993.5
DPS All xxxxxxxxxxxxxxx191.0
Sales/Revenue xxxxxxxxxxxxxxx34,268.8 M
Book Value Per Share xxxxxxxxxxxxxxx4,663.6
Net Operating Cash Flow xxxxxxxxxxxxxxx16,026.3 M
Net Profit Margin xxxxxxxxxxxxxxx32.06 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx22.17 %
Return on Invested Capital xxxxxxxxxxxxxxx18.24 %
Return on Assets xxxxxxxxxxxxxxx12.44 %
Return on Equity xxxxxxxxxxxxxxx22.17 %
Return on Total Capital xxxxxxxxxxxxxxx26.12 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx9,604.3 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx226 M
Long Term Debt xxxxxxxxxxxxxxx8,339 M
Total Debt xxxxxxxxxxxxxxx8,566 M
Goodwill - Gross xxxxxxxxxxxxxxx3,986 M
Cash & Equivalents - Generic xxxxxxxxxxxxxxx12,363 M
Price To Book Value xxxxxxxxxxxxxxx3.22

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx4,706.8 M
Capex % of Sales xxxxxxxxxxxxxxx13.73 %
Cost of Goods Sold xxxxxxxxxxxxxxx17,211 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx1,002 M
Research & Development xxxxxxxxxxxxxxx257 M
Investments - Total xxxxxxxxxxxxxxx6,579 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

0.8

No. Of Recommendations

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

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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Ord Minnett

26/10/2026

2

Upgrades to Accumulate from Hold

$175.00

0.35%

Ord Minnett views Newmont Corp's 3Q2026 result as slightly better than expected with EBITDA at US$4bn, some 3.2% above consensus forecasts.

The December quarter is flagged to be the strongest for gold production in 2026, the analyst explains as assets ramp up as well as higher grades and some productivity benefits.

Management reaffirmed 2026 production guidance. EPS forecasts lift by 1.2% for 2026 on lower AISC and slip by -2.8% for 2027.

The stock is upgraded to Accumulate from Hold with an unchanged target of $175.00.

FORECAST
Ord Minnett forecasts a full year FY26 dividend of 148.00 cents and EPS of 1339.00 cents.
Ord Minnett forecasts a full year FY27 dividend of 154.00 cents and EPS of 1216.00 cents.

Morgans

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx xxxx xxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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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

27/10/2026

1

Buy

-

-

Canaccord Genuity maintains a Buy rating for Newmont Corp with a US$135.00 target price following third-quarter results featuring EBITDA of US$4.0bn, beating its own US$3.7bn estimate by 7%.

The earnings beat was driven by higher byproduct metal production and lower byproduct costs of US$1,454/oz, supported by strong silver sales of 11Moz at Penasquito.

Management lowered 2026 byproduct AISC guidance to US$1,520/oz from US$1,680/oz whilst reiterating 2026 gold production guidance of 5.26Moz.

Gold production is anticipated to return to low-to-mid single-digit growth in 2027, driven by higher grades at Lihir and Boddington alongside first production from Tanami Expansion 2.

Canaccord highlights capital management execution with US$6.2bn returned to shareholders year-to-date alongside ongoing progress at the Red Chris block cave project ahead of a final investment decision in early 2027.

FORECAST
Canaccord Genuity forecasts a full year FY26 dividend of 149.17 cents and EPS of 1300.92 cents.
Canaccord Genuity forecasts a full year FY27 dividend of 149.17 cents and EPS of 1283.71 cents.
Access Extra Coverage Research History >

NEM STOCK CHART

FNArena News on NEM

1
Weekly Ratings, Targets, Forecast Changes – 30-10-26

Nov 02 2026 - Weekly Reports
2
Rudi’s View: High Conviction ASX Opportunities

Oct 29 2026 - Rudi's View
3
Australian Broker Call *Extra* Edition – Oct 27, 2026

Oct 27 2026 - Daily Market Reports
4
Treasure Chest: Gold’s Temporary Limbo

Oct 19 2026 - Treasure Chest
5
Rudi’s View: Stocks To Own & Best To Avoid

Oct 15 2026 - Rudi's View

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