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Newmont Corp /De/ (NEM) — AI Powered Stock Analysis

Data as of March 25, 2026 Try Free

Newmont: Gold leverage vs 2026 production trough tension

Company Snapshot

NEM Newmont Corp /De/
$101.52
Basic Materials

Newmont Corporation is the world's leading gold producer with a portfolio of world-class Tier 1 assets across favorable jurisdictions, also producing copper, silver, lead, and zinc.

Mkt Cap $110.8B
P/E 15.89
52w Range $42.93 — $134.88
Revenue Mix: Gold Dore 63% · Concentrates & Other 37%
Analysts: 19 Buy · 3 Hold · 0 Sell  PT $140
Competitors: GOLD · AEM · KGC Next Earnings: April 22, 2026 (estimated)

Executive Brief

Bull case: Newmont leverages its unmatched Tier 1 portfolio and record 2025 free cash flow of $7.3B from high gold prices, achieving a net cash position and $3.4B shareholder returns, with 118M oz reserves supporting long-term growth via projects like Tanami Expansion 2. Bear case: 2026 guidance shows production trough at 5.3M oz (down from 5.9M) with AISC rising to $1,680/oz amid mine sequencing, higher capex, and JV disputes with Barrick risking Nevada output. Key risks include gold price volatility, execution delays, and cost inflation exposing margins if metal prices soften.

Recent Catalysts

  1. Record $7.3B free cash flow FY2025
  2. Q4 EPS $2.52 beat estimates
  3. Dividend raised to $0.26/share

Key Risks

  1. Gold price decline
  2. Rising AISC and capex
  3. Nevada JV disputes

Full Research Report

1 Business Model
2 Management & Governance
3 Financials
4 Valuation
5 Risk Assessment
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This analysis is AI-powered and for informational purposes only. It does not constitute financial advice. Always do your own research before making investment decisions.