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

$75.22

24 Mar
2025

0.100

OPEN

$75.30

0.13%

HIGH

$75.57

225,166

LOW

$75.02

TARGET
$86.30 14.7% upside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
NEM: 1
Title FY25
Forecast		 FY26
Forecast
EPS (cps) 551.8 xxx
DPS (cps) 153.6 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 13.6 xxx
Dividend Yield 2.0% xxx
Div Pay Ratio(%) 27.8% 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 :

 2.01

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

xxxxxxx xx xxx xxxx xxxxxxxxxx

$xx.xx

xx.xx%

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

25/02/2025

1

Outperform

$85.00

13.00%

Newmont Corp had a strong end of the year, Macquarie notes, recording a 7% production beat and slight cost beat. Importantly, this translated to strong Dec Q earnings results.

Newcrest guided to 2025 gold production of 5.6Moz for its go-forward portfolio, in line with management's prior comments. However, a cost of US$1,630/oz was above the US $1,500/oz discussed previously. Total capital was in line with Newmont's prior commentary.

While the higher 2025 cost had the market wary on the long-term cost base, Macquarie notes, longer-term production commentary was mostly unchanged. Target falls -1% to $85, Outperform retained.

FORECAST
Macquarie forecasts a full year FY25 dividend of 153.19 cents and EPS of 373.77 cents.
Macquarie forecasts a full year FY26 dividend of 153.19 cents and EPS of 294.12 cents.

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
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

03/03/2025

1

Buy

$78.50

4.36%

Goldman Sachs notes Newmont Corp's FY24 reported EBITDA beat its forecast but on a proportional basis, the 9% y/y rise in core EBITDA fell short of its estimate of a 20% increase.

The company reiterated FY25 gold production guidance but raised the cost estimate to US$1,620/oz from US$1,500/oz, with US$45 of this due to higher tax/royalties from higher gold prices.

The broker lowered FY25/26/27 EPS forecasts by -5%/-8%/-6% respectively after factoring in the FY24 result and the guidance.

Target price rises to $78.5 from $76.2. Buy rating retained.

FORECAST
Goldman Sachs forecasts a full year FY25 dividend of 153.19 cents and EPS of 637.25 cents.
Goldman Sachs forecasts a full year FY26 dividend of 153.19 cents and EPS of 781.25 cents.
Access Extra Coverage Research History >

NEM STOCK CHART

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