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

$83.90

08 May
2025

0.550

OPEN

$83.95

0.66%

HIGH

$85.21

418,588

LOW

$83.82

TARGET
$94.60 12.8% upside
OTHER COMPANIES IN THE SAME SECTOR
A1M . AAM . AAR . ADT . ALK . AMI . ASL . AUE . BC8 . BEZ . BGL . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . EMR . EVN . EVR . FFM . FFM . FND . GMD . GOR . GPR . HGO . IGO . KCN . KGL . MAU . MEI . MEK . MM8 . MML . NST . NVA . OBM . PDI . PNR . PRU . RMS . RRL . RSG . RXL . SBM . SMI . SPR . STM . STN . SVL . TBR . TCG . TRE . TTM . VAU . WAF . WGX . WIA . WMX .
FNARENA'S MARKET CONSENSUS FORECASTS
NEM: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 660.0 xxx
DPS (cps) 154.5 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 12.6 xxx
Dividend Yield 1.9% xxx
Div Pay Ratio(%) 23.4% 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: 29.22%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.81

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 xxxxxxxxxxxxxxx151.1
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

0.8

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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Morgans

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

28/04/2025

1

Outperform

$94.00

12.04%

Newmont Corp's 1Q25 update beat Macquarie's forecast on gold production by 6%, costs by 12% and underlying EBITDA by 18%. Costs are, however, expected to peak in 2Q due to a push back from 1Q spend.

Net debt was lower than expected due to stronger free cash flow, and the broker notes the company's commentary suggested potential for more share buybacks on the gold price-related strong cash flow trend.

EPS forecast for FY25 lifted by 1% on strong 1Q result, partly offset by higher costs forecast for 2Q.

Outperform. Target price $94.

FORECAST
Macquarie forecasts a full year FY25 dividend of 153.78 cents and EPS of 552.05 cents.
Macquarie forecasts a full year FY26 dividend of 153.78 cents and EPS of 416.73 cents.

Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

xx/xx/xxxx

3

xxxxxxx

$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

Goldman Sachs

30/04/2025

1

Buy

$93.40

11.32%

Goldman Sachs notes Newmont Corp reported 1Q 2025 adjusted earnings before interest, tax, depreciation and amortisation of US$2.6bn, 16% ahead of expectations, with Tier 1 gold production of 1.34Moz and realised gold prices about 3% higher than forecast.

The analyst points to strong operational cash flow and management reduced net debt to US$3.2bn, with continued capital returns, including a US$0.25 per share dividend and share buybacks. Liquidity forecast to rise to circa US$6bn.

Newmont Corp retained full-year 2025 guidance for Tier 1 gold production of 5.6Moz and all-in-sustaining-costs of US$1,620/oz, though the broker notes sector-wide cost pressures.

The analyst explains expected free cash flow yields above 10% between 2025–2029 and rapid de-leveraging underpin the medium-term outlook. Buy rating is retained, with Newmont seen trading at a discount to peers.

Goldman Sachs lowers the target price to $93.40 from $95.50.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 153.78 cents and EPS of 755.04 cents.
Goldman Sachs forecasts a full year FY26 dividend of 153.78 cents and EPS of 862.68 cents.
Access Extra Coverage Research History >

NEM STOCK CHART

FNArena News on NEM

1
FNArena Corporate Results Monitor – 09-05-2025

3:46 PM - Australia
2
Australian Broker Call *Extra* Edition – Apr 30, 2025

Apr 30 2025 - Daily Market Reports
3
Next Week At A Glance – 22-24 Apr 2025

Apr 17 2025 - Weekly Reports
4
Rudi’s View: Best Buys & Conviction Calls On ASX

Apr 10 2025 - Rudi's View
5
Australian Broker Call *Extra* Edition – Apr 10, 2025

Apr 10 2025 - Daily Market Reports

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