NEWMONT CORPORATION REGISTERED (NEM)
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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
$88.03 17 Apr 2025	0.080 OPEN $88.70	0.09% HIGH $88.93	474,499 LOW $87.23

TARGET

$89.80

2.0% upside

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A1M . AAM . AAR . ADT . ALK . AMI . ASL . AUE . BC8 . BEZ . BGL . BTR . CEL . CMM . CNB . CVV . CY5 . CYL . DEG . 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

12 Month Avg FX Values

Present FX Values

Original Currency

Title	FY25 Forecast	FY26 Forecast
EPS (cps)	530.4	xxx
DPS (cps)	154.4	xxx
EPS Growth	N/A	xxx
DPS Growth	N/A	xxx
PE Ratio	16.6	xxx
Dividend Yield	1.8%	xxx
Div Pay Ratio(%)	29.1%	xxx

Title	FY25 Forecast	FY26 Forecast
EPS (cps)	540.6	xxx
DPS (cps)	157.4	xxx
EPS Growth	N/A	xxx
DPS Growth	N/A	xxx
PE Ratio	16.3	xxx
Dividend Yield	1.8%	xxx
Div Pay Ratio(%)	29.1%	xxx

Title	FY23 Actual	FY24 Actual	FY25 Forecast	FY26 Forecast
EPS (cps)	xxx	N/A	345.3	xxx
DPS (cps)	xxx	N/A	100.5	xxx
EPS Growth	xxx	N/A	N/A	xxx
DPS Growth	xxx	N/A	N/A	xxx
Div Pay Ratio(%)	xxx	N/A	29.1%	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

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	2019	2020	2021	2022	2023	2024
EPS Basic	xxx	xxx	xxx	xxx	xxx	433.9
DPS All	xxx	xxx	xxx	xxx	xxx	151.1
Sales/Revenue	xxx	xxx	xxx	xxx	xxx	28,133.8 M
Book Value Per Share	xxx	xxx	xxx	xxx	xxx	4,289.0
Net Operating Cash Flow	xxx	xxx	xxx	xxx	xxx	9,646.8 M
Net Profit Margin	xxx	xxx	xxx	xxx	xxx	17.68 %

EPS Basic

Negative
Growth
Slowing

DPS All

Negative
Growth
Slowing

Sales/Revenue

Negative
Growth
Slowing

Book Value Per Share

Negative
Growth
Slowing

Net Operating Cash Flow

Negative
Growth
Slowing

Net Profit Margin

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Return on Capital Employed	xxx	xxx	xxx	xxx	xxx	10.94 %
Return on Invested Capital	xxx	xxx	xxx	xxx	xxx	8.66 %
Return on Assets	xxx	xxx	xxx	xxx	xxx	5.77 %
Return on Equity	xxx	xxx	xxx	xxx	xxx	10.94 %
Return on Total Capital	xxx	xxx	xxx	xxx	xxx	14.51 %
Free Cash Flow ex dividends	xxx	xxx	xxx	xxx	xxx	2,753.2 M

Return on Capital Employed

Negative
Growth
Slowing

Return on Invested Capital

Negative
Growth
Slowing

Return on Assets

Negative
Growth
Slowing

Return on Equity

Negative
Growth
Slowing

Return on Total Capital

Negative
Growth
Slowing

Free Cash Flow ex dividends

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Short-Term Debt	xxx	xxx	xxx	xxx	xxx	1,697 M
Long Term Debt	xxx	xxx	xxx	xxx	xxx	12,986 M
Total Debt	xxx	xxx	xxx	xxx	xxx	14,683 M
Goodwill - Gross	xxx	xxx	xxx	xxx	xxx	-
Cash & Equivalents - Generic	xxx	xxx	xxx	xxx	xxx	5,881 M
Price To Book Value	xxx	xxx	xxx	xxx	xxx	1.39

Short-Term Debt

Negative
Growth
Slowing

Long Term Debt

Negative
Growth
Slowing

Total Debt

Negative
Growth
Slowing

Goodwill - Gross

Cash & Equivalents - Generic

Negative
Growth
Slowing

Price To Book Value

Negative
Growth
Slowing

Title	2019	2020	2021	2022	2023	2024
Capex	xxx	xxx	xxx	xxx	xxx	5,157.7 M
Capex % of Sales	xxx	xxx	xxx	xxx	xxx	18.33 %
Cost of Goods Sold	xxx	xxx	xxx	xxx	xxx	18,395 M
Selling, General & Admin. Exp & Other	xxx	xxx	xxx	xxx	xxx	1,025 M
Research & Development	xxx	xxx	xxx	xxx	xxx	299 M
Investments - Total	xxx	xxx	xxx	xxx	xxx	7,523 M

Capex

Negative
Growth
Slowing

Capex % of Sales

Negative
Growth
Slowing

Cost of Goods Sold

Negative
Growth
Slowing

Selling, General & Admin. Exp & Other

Negative
Growth
Slowing

Research & Development

Negative
Growth
Slowing

Investments - Total

Negative
Growth
Slowing

Negative

Growth

Slowing

EXPERT VIEWS
EXTRA COVERAGE

EXPERT VIEWS

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Sentiment Indicator

0.8

No. Of Recommendations

BROKER	DATE	RATING	RECOMMENDATION	TARGET PRICE	% TO REACH TARGET	COMMENTARY
UBS	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
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
Ord Minnett	03/04/2025	1	Buy	$95.00	7.92%	Ord Minnett has broadly reduced its commodity price forecasts, with the exception of gold and neodymium-praseodymium. The broker cites growing concerns over weakening Chinese steel demand and the potential global trade and economic impacts stemming from proposed US tariffs. The broker's 2025 iron ore price forecast falls by -3%, while metallurgical coal and thermal coal price estimates fall by -18% and -17%, respectively. On a sector level, Ord Minnett prefers base metal producers over the bulk miners, noting limited appeal among the lithium and coal producers. Rio Tinto is preferred over over BHP Group among the large diversified miners, while South32, Capstone Copper, and MAC Copper are the analyst's top picks for base metals exposure. Among the large gold exposures, the analysts like Buy-rated Newmont Corp. The target is increased to $95 from $92.50.
Morgans	xx/xx/xxxx	1	xxxxxxxxxx xx xxxxxxxx xxxx 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

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EXTRA COVERAGE

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No. Of Recommendations

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	10/04/2025	1	Buy	$95.50	8.49%	Noting the outperformance of gold stocks in 1Q25 vs the gold price, Goldman Sachs believes gold equities will continue to outperform the commodity this year. This would be on a combination of rising gold prices and lower unit costs. In the medium term, the broker expects performance to be driven by margins/cash generation, improving balance sheet, and exploration upside, with M&A likely continuing. The broker sees longer-term fundamental value in Newmont Corp, with options created from divestments. Buy. Target rises to $95.50 from $78.50. FORECAST Goldman Sachs forecasts a full year FY25 dividend of 153.61 cents and EPS of 761.90 cents. Goldman Sachs forecasts a full year FY26 dividend of 153.61 cents and EPS of 923.20 cents.

BROKER

DATE

RATING

RECOMMENDATION

TARGET PRICE

% TO REACH TARGET

COMMENTARY

Goldman Sachs

10/04/2025

Buy

$95.50

8.49%

Noting the outperformance of gold stocks in 1Q25 vs the gold price, Goldman Sachs believes gold equities will continue to outperform the commodity this year. This would be on a combination of rising gold prices and lower unit costs.

In the medium term, the broker expects performance to be driven by margins/cash generation, improving balance sheet, and exploration upside, with M&A likely continuing.

The broker sees longer-term fundamental value in Newmont Corp, with options created from divestments.

Buy. Target rises to $95.50 from $78.50.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 153.61 cents and EPS of 761.90 cents.
Goldman Sachs forecasts a full year FY26 dividend of 153.61 cents and EPS of 923.20 cents.

Access Extra Coverage Research History >

NEM STOCK CHART

FNArena News on NEM

1	Next Week At A Glance – 22-24 Apr 2025 Apr 17 2025 - Weekly Reports

2	Rudi’s View: Best Buys & Conviction Calls On ASX Apr 10 2025 - Rudi's View

3	Australian Broker Call Extra Edition – Apr 10, 2025 Apr 10 2025 - Daily Market Reports

4	Favourite ASX-Gold Exposures Apr 09 2025 - Commodities

5	March In Review: Gold Shines As Tech Suffers Apr 03 2025 - Australia

Latest Gold & Silver News

1	Evolution Mining Outperforming, Too Much Apr 17 2025 - Australia

2	Favourite ASX-Gold Exposures Apr 09 2025 - Commodities

3	The Risk For Gold Heading Into A Tariff Storm Mar 26 2025 - Technicals

4	Northern Star Has Broken Out Mar 18 2025 - Technicals

5	Gold Miners On The Rise Mar 11 2025 - Technicals

6	Unlocking Vault’s Golden Potential Nov 14 2024 - Commodities

7	What Went Wrong With Newmont? Nov 05 2024 - Australia

8	In Brief: Aurum, Hillgrove & Little Green Pharma Oct 25 2024 - Weekly Reports

9	Perseus Mining Shares Ready To Run Oct 22 2024 - Technicals

10	Gold & Dividends Shine For Northern Star Sep 12 2024 - Australia

Dividend Yield Today On Last Actual Payout :	1.72
Estimated Dividend Growth (Average Of Past Three Years)	%
Amount Invested	$
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NEWMONT CORPORATION REGISTERED (NEM)
Share Price Analysis and Chart