Reading the tape
NYSE: NEM
Newmont Corporation
Basic Materials · Gold
Market Cap
$124.38B
52w High
$134.88
52w Low
$48.27
P/E
14.95
Volume
5.23M
Outstanding Shares
1.07B
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveHigh confidence
1Y Price: 120.54%Revenue (TTM): 25.14%FCF (TTM): 189.46%P/FCF: 3rd pct
What changed
The stock rose 120.54% over the last year. Revenue grew 25.14% over the trailing twelve months. Operating margin moved from 34.46% to 52.62%. Free cash flow grew 189.46% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 3rd percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 52.62%. Revenue grew 25.14% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Newmont Corporation engages in the production and exploration of gold.
CEONatascha Viljoen
SectorBasic Materials
IndustryGold
Employees44,100
IPO dateMar 17, 1980
Valuation
Forward P/E—
EV/EBITDA8.27
Enterprise value$108.5B
Stock splits
Apr 22, 1994↑ Forward
Every 4 shares became 5
Oct 9, 1987↑ Forward
Every 2 shares became 3
Jun 11, 1987↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth47.46%
Gross margin55.12%▲43.79%vs FY2024
Operating margin52.62%▲51.26%vs FY2024
ROE20.92%▲87.01%vs FY2024
Analyst consensus
RatingBuy
Target price$137.50▲18.02%
27
Buy
9
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 23, 2026
Q3 FY26 · EPS est $2.28 · Revenue est $6.63B
View
Dividends
$1.02/shareQuarterlyEx-div May 27, 2026 · in 18dSafeNEM pays a dividend with a 0.88% declared yield, covered 6.6× by free cash flow.
Declared Yield
0.88%
Annual Div / Share
$1.02
5yr CAGR
-10.23%
Dividend has been cut
Payout Ratio
13.08%
Safe
Dividend Growth Rate
3yr CAGR
-18.73%
5yr CAGR
-10.23%
10yr CAGR
+26.14%
Dividend Safety
10/10Safe
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$1.02+2.0%
2025$1.00-23.1%
2024$1.30-31.6%
2023$1.90-13.6%
2022$2.20+25.7%
2021$1.75+161.2%
2020$0.67-48.5%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$9/yr
$1/mo
In 5 yrs
$9/yr
$1/mo
In 10 yrs
$9/yr
$1/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$9/yr $1/mo | $9/yr $1/mo | $9/yr $1/mo |
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 6.6× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Risks to Watch
Dividend has been reduced
The 5-year dividend CAGR of -10.23% is negative, indicating the payout has been cut over this period.