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

LAST PRICE CHANGE +/- CHANGE % VOLUME

$175.60

26 Feb
2026

0.640

OPEN

$174.58

0.37%

HIGH

$175.94

287,723

LOW

$173.80

TARGET
$197.80 12.6% upside
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FNARENA'S MARKET CONSENSUS FORECASTS
NEM: 1
Title FY26
Forecast		 FY27
Forecast
EPS (cps) 1501.0 xxx
DPS (cps) 157.3 xxx
EPS Growth N/A xxx
DPS Growth N/A xxx
PE Ratio 11.8 xxx
Dividend Yield 0.9% xxx
Div Pay Ratio(%) 10.5% 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: 36.95%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 1.08

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: 25/11 - (franking ex-di

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

0.9

No. Of Recommendations

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

Morgans

xx/xx/xxxx

2

xxxxxxxxx xx xxxxxxxxxx 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

Citi

23/02/2026

1

Buy

$177.00

0.80%

Citi highlights Newmont’s strong 4Q25, with earnings (EBITDA) of $4.5bn beating expectations and free cash flow (FCF) of $2.8bn, implying an 8% annualised yield at around $4,200/oz gold.

2026 production guidance is broadly in line with the broker's forecast, though cost guidance appears elevated.

The analyst observes the refreshed capital allocation policy targets a steady $1.1bn annual dividend, with surplus FCF directed to buybacks after leverage targets.

A Notice of Default filed against Barrick Mining over the Nevada Gold Mines joint venture adds uncertainty, the analyst suggests.

Target $177. Buy.

UBS

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

xx/xx/xxxx

1

xxxxxxx xx xxx xxxx 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 FY26 EPS of 833.72 cents.
Access Extra Coverage Research History >

NEM STOCK CHART

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