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NEMNYSE/materials

Newmont Corporation

$93.10Down-2.19 (-2.30%)
Research reviewed: 12 juil. 2026, 00:00 UTC
Research overview3-month price contextInvestment thesisKey catalystsLatest earnings researchRecent newsData and research sources

Research overview

Newmont Corporation operates in Gold within the materials sector. This profile tracks its company-specific earnings drivers, valuation conditions, and primary-source risks.

開盤
93.73
最高
94.14
最低
92.44
市值
993.89億
本益比
12.08
52 週高點
--
股息
1.090%
季度股利金額
--

3-month price context

Le graphique présente la tendance récente sur 3 mois afin de comprendre la structure court terme avant d’ouvrir le workspace complet.

Investment thesis

Base case
Strong realized gold prices can expand free cash flow from Newmont's portfolio and fund capital returns and reinvestment. The base case remains conditional on metal-price volatility staying manageable.
Bull case
Strong realized gold prices can expand free cash flow from Newmont's portfolio and fund capital returns and reinvestment. Completing non-core divestitures and concentrating capital on higher-return managed assets can improve portfolio quality and operating focus. A net-cash position and expanded repurchase authorization can increase per-share exposure to portfolio cash generation when commodity conditions remain supportive.
Bear case
Lower gold and co-product prices would reduce revenue, reserve economics, free cash flow and capital-return capacity. Grade variability, weather, maintenance, labor, energy and project execution can disrupt production and lift all-in sustaining costs. Permitting, fiscal changes, community relations and reclamation obligations across multiple jurisdictions can delay projects and increase liabilities.
Thesis invalidation
Reassess the thesis if lower gold and co-product prices would reduce revenue, reserve economics, free cash flow and capital-return capacity.

Key catalysts

  • Gold-price cash generation

    Strong realized gold prices can expand free cash flow from Newmont's portfolio and fund capital returns and reinvestment.

  • Portfolio optimization

    Completing non-core divestitures and concentrating capital on higher-return managed assets can improve portfolio quality and operating focus.

  • Capital-return framework

    A net-cash position and expanded repurchase authorization can increase per-share exposure to portfolio cash generation when commodity conditions remain supportive.

Principal risks

  • Metal-price volatility

    Lower gold and co-product prices would reduce revenue, reserve economics, free cash flow and capital-return capacity.

  • Mine execution and cost

    Grade variability, weather, maintenance, labor, energy and project execution can disrupt production and lift all-in sustaining costs.

  • Jurisdiction and reclamation

    Permitting, fiscal changes, community relations and reclamation obligations across multiple jurisdictions can delay projects and increase liabilities.

Latest earnings research

Q1 2026

Newmont reported first-quarter 2026 results with record quarterly earnings and free cash flow, reaffirmed production guidance and expanded its share-repurchase authorization.

Valuation interpretation

  • Current cash generation should be viewed through a normalized gold-price lens because commodity prices can dominate near-term earnings and capital returns.
  • Portfolio simplification and balance-sheet strength improve resilience, while mine-life replacement, sustaining capital and jurisdictional obligations remain central to long-term value.

Peer research

LINFCXSHW

Recent news

Zacks · 13 小時前

Is Trending Stock Newmont Corporation (NEM) a Buy Now?

Proactive · 3 天前

Surface Metals advances Nevada Gold and Lithium projects toward key milestones

Trefis · 4 天前

Make Your FCX Shares Pay You 15% While You Hold Them

Zacks · 4 天前

Should You Buy, Sell or Hold AEM Stock After a 31% Drop in 3 Months?

Zacks · 4 天前

Newmont Corporation (NEM) Outperforms Broader Market: What You Need to Know

Simply Wall St. · 4 天前

Newmont (NEM) Stock Looks Cheap On Earnings While Cash Flow Looks Fair

Data and research sources

Research updated: 12 juil. 2026, 00:00 UTC
3 verified sources
Newmont Generates Record Quarterly Earnings and Free Cash Flow, Reports First Quarter 2026 ResultsNewmont Corporation · earningsVerified

Fetched: 12/07/2026 0:00:00 UTC

Published: 23/04/2026 00:00:00

Open original source
Newmont Investor RelationsNewmont Corporation · companyVerified

Fetched: 12/07/2026 0:00:00 UTC

Open original source
Form 10-Q for the Quarter Ended March 31, 2026Newmont Corporation · filingVerified

Fetched: 12/07/2026 0:00:00 UTC

Published: 23/04/2026 00:00:00

Open original source

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