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Earnings transcript
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NEM
Newmont Corporation
$108.87
-5.24
(-4.59%)
| Exchange: | NYSE |
| Market Cap: | 114.715B |
| Shares Outstanding: | 72.727M |
Delayed data
About The Company
| Sector: | Basic MaterialsView sector performance | |||||
| Industry: | GoldView industry performance | |||||
| CEO: | Natascha Viljoen | |||||
| Full Time Employees: | 17500 | |||||
| Address: |
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| Website: | https://www.newmont.com |
Newmont Corporation is primarily involved in the mining and exploration of gold resources. Additionally, the company undertakes prospecting for other base and precious metals, including copper, silver, zinc, and lead. Its operations and assets are geographically widespread, located across various countries such as the United States, Canada, Mexico, the Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of the close of 2021 (December 31st), Newmont reported substantial proven and probable gold reserves, totaling 92.8 million ounces, and managed a vast land portfolio covering 62,800 square kilometers. Founded in 1916, the company’s corporate headquarters are situated in Denver, Colorado.
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Revenue Segmentation
NEM full analysis
Hey everyone, welcome back to MarketSnap. If you're looking at Newmont at a hundred and twenty-something dollars a share after a sixty percent run in a year, hold on a second — because our valuation model says the stock could be worth meaningfully less than what the market is paying today. So is this a gold miner firing on all cylinders, or is the market pricing in peak gold and leaving you holding the bag? Let's run Newmont through the…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| NEM | Newmont Corporation | 114.7B | 12.6 | 11.8 | 17.5% |
 AEM | Agnico Eagle Mines Limited | 88.1B | 14.9 | 15.0 | 15.7% |
 B | Barrick Mining Corporation | 62.8B | 9.8 | 10.8 | 17.3% |
 WPM | Wheaton Precious Metals Corp. | 54.9B | 26.7 | 26.5 | 16.6% |
 FNV | Franco-Nevada Corporation | 44.1B | 29.9 | 28.6 | 15.7% |
 AU | AngloGold Ashanti Plc | 42.3B | 11.1 | 9.5 | 31.3% |
EPS
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Earnings Call
AI summary
Key takeaways
Short, structured highlights from the call so you can focus on what matters.
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 11,775,000 | 18,557,000 | 22,669,000 |
| Gross Profit | 1,170,000 | 6,424,000 | 12,063,000 |
| EBITDA | 325,000 | 7,538,000 | 14,092,000 |
| Operating Income | 650,000 | 5,748,000 | 11,023,000 |
| Net Income | -2,521,000 | 3,348,000 | 7,085,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 55,506,000 | 56,349,000 | 57,121,000 |
| Total Liabilities | 26,301,000 | 26,240,000 | 23,079,000 |
| Total Stockholders Equity | 29,027,000 | 29,928,000 | 34,042,000 |
| Total Debt | 9,436,000 | 8,972,000 | 474,000 |
| Cash and Cash Equivalents | 3,002,000 | 3,619,000 | 7,647,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 2,763,000 | 6,363,000 | 10,334,000 |
| Capital Expenditure | -2,666,000 | -3,402,000 | 0 |
| Free Cash Flow | 97,000 | 2,961,000 | 10,334,000 |
| Net Income | -2,467,000 | 3,381,000 | 7,167,000 |
| Net Change in Cash | 156,000 | 550,000 | 4,034,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2030 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 27,230,221.596 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 32,764,570.709 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 28,957,279.850 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 21,090,194.656 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 25,554,517.267 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 22,483,342.407 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 10,702,016.889 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 13,584,512.132 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 11,601,535.610 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 601,284.594 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 723,491.417 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 639,420.660 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 10.470 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 12.260 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 9.660 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 7 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 4 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: NEM demonstrates consistent revenue growth as reflected in historical income statements, with positive trends in gross profit and operating income over recent years. Strong free cash flow generation (as per cash flow statements) supports operational stability and potential for reinvestment.
- Solid Market Position: As a leading player in the mining industry within the basic materials sector (per company profile and industry data), NEM benefits from a large market capitalization and a global operational footprint, enhancing its competitive edge.
- Dividend Yield: A competitive dividend yield (as per key metrics TTM) provides an attractive return to shareholders, positioning NEM as a stable income-generating investment in its sector.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates NEM intrinsic value between $66.85 – $110.71 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about NEM valuation
Is Newmont Corporation (NEM) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Newmont Corporation (NEM) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is NEM a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether NEM trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is NEM’s P/E ratio?
You can see NEM’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for NEM?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is NEM a good long-term investment?
Whether NEM fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
NEM
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Daily snapshot
-4.59
Trading Metrics:
| Open: | 110.28 | Previous Close: | 114.11 | |
| Day Low: | 107.94 | Day High: | 114.22 | |
| Year Low: | 76.05 | Year High: | 135.29 | |
| Price Avg 50: | 121.77 | Price Avg 200: | 112.45 | |
| Volume: | 7.842M | Average Volume: | 7.44M |
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