NEM

NewmontNYSE · Gold · Materials

Previous close

106.61

Change

−5.19 / −4.64%

FinDog View

Bullish

52-Week Range ?

78.60 – 135.29

P/E (TTM) ?

12.5

Forward P/E ?

12.5

Based on consensus earnings for the next 12 months

Market Cap

$109B

−7.57%

S&P 500 −0.91% over same period

Volume / Avg Volume

8.8M / 6.2M

1.40× average

Latest earnings analysisFY2026 Q3Reported 2026-10-22

Newmont Q3 FY2026: $6.36 billion revenue, $2.35 GAAP EPS, cost guide improved

Newmont's Q3 FY2026 results support a positive operating read: revenue was $6.363 billion, GAAP EPS was $2.35 and free cash flow was $1.9 billion. Read the quarter through volume and price, not just the headline: higher gold sales and copper prices lifted revenue, while the company also improved full-year cost guidance. The main tension is Q4, when costs are guided higher even as production is expected to be the strongest of the year.

Read the full analysis →

Revenue$6.36BYoY +15.20%

EPS (non-GAAP)$2.20Beatest. $2.11

Next-day move−4.59%

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 15.51M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q3 Quarter ended 2026-09	2026-10-22	$6.4B	2.20 / 2.11	−4.59%	Read analysis →
FY2026 Q2 Quarter ended 2026-06	2026-07-23	$6.1B	2.10 / 2.01	−1.62%	Read analysis →
FY2026 Q1 Quarter ended 2026-03	2026-04-23	$7.3B	2.90 / 2.20	+8.68%	Pending
FY2025 Q4 Quarter ended 2025-12	2026-02-19	$22.7B	2.52 / 2.02	−2.61%	Pending
FY2025 Q3 Quarter ended 2025-09	2025-10-23	$5.5B	1.71 / 1.45	−6.23%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-24	$5.3B	1.43 / —	+6.89%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-04-23	$5.0B	1.25 / —	+4.80%	Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →

Report date

2027-02-17

in 108 days · After hours

Consensus EPS

$2.14

Last quarter EPS $2.20

Avg. next-day move over the last 7 reports

±5.1%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 12 of its 5-year rangeCheap

5-year range 12.1 – 18.9 · Median 15.2

Last 4 quarters: $5.7B in buybacks + $1.1B in dividends, 6.19% of market cap combined

P/E (TTM)

12.5

P/B

3.2

P/S

4.3

Dividend Yield

4.26%

Earnings Reaction

Over the last 7 reports, the stock moved ±5.1% on average on the first trading day after, rising 3 times

Most recent −4.59%

Volatility & Correlation

1-year beta 1.80 · Correlation with S&P 500 0.48High beta

Annualized volatility 48% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

Buy 0 · $0.00MSell 7 · $3.9MNet selling $3.9M

10-01Viljoen NataschaPresident & CEOSell$0.45M3,882 shares · Avg price 114.81
10-01Toth PeterEVP, Chief Sustain & Dev OffSell$0.34M3,000 shares · Avg price 114.81
09-01Viljoen NataschaPresident & CEOSell$0.48M3,882 shares · Avg price 123.00
09-01Toth PeterEVP, Chief Sustain & Dev OffSell$0.37M3,000 shares · Avg price 123.00
08-05Viljoen NataschaPresident & CEOSell$0.81M7,764 shares · Avg price 104.00
08-05Tabolt BrianChief Financial OfficerSell$1.2M11,445 shares · Avg price 105.09
08-03Toth PeterEVP, Chief Sustain & Dev OffSell$0.28M3,000 shares · Avg price 93.45

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q3	6.36	+15.2%	—	—	2.48	2.77	2.35
FY2026 Q2	6.12	+15.1%	—	—	2.20	2.92	2.06
FY2026 Q1	7.31	+45.8%	—	—	3.26	3.79	3.00
FY2025 Q4	6.82	+20.6%	—	—	1.30	3.62	1.19
FY2025 Q3	5.52	+20.0%	—	—	1.83	2.30	1.67
FY2025 Q2	5.32	+20.8%	—	—	2.06	2.38	1.85
FY2025 Q1	5.01	+24.5%	—	—	1.89	2.03	1.68
FY2024 Q4	5.65	+42.8%	—	—	1.40	2.51	1.23
FY2024 Q3	4.61	+84.7%	—	—	0.92	1.65	0.80
FY2024 Q2	4.40	+64.1%	—	—	0.85	1.43	0.74
FY2024 Q1	4.02	+50.2%	—	—	0.17	0.78	0.15
FY2023 Q4	3.96	+23.7%	—	—	-3.16	0.62	-3.80

Peers

Largest by market cap in the sector · Latest quarterView Materials sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
NEM	Newmont	$109B	12.5	+15.2%	—	−7.57%	Bullish
LIN	Linde plc	$239B	32.0	+9.2%	—	+8.34%	Bullish	Compare
FCX	Freeport-McMoRan	$89.3B	30.5	−8.1%	30.0%	−10.76%	Bullish	Compare
ECL	Ecolab	$84.7B	41.0	+12.7%	44.1%	+10.34%	Bullish	Compare
SHW	Sherwin-Williams	$79.8B	29.9	+7.9%	47.8%	+2.89%	Bullish	Compare
APD	Air Products	$70.0B	—	+4.6%	32.8%	+13.73%	Neutral	Compare
NUE	Nucor	$61.5B	17.1	+23.0%	19.6%	+17.16%	Bullish	Compare
CRH	CRH plc	$59.9B	15.6	+3.0%	38.8%	+9.67%	Bullish	Compare
MLM	Martin Marietta Materials	$38.1B	15.5	+21.0%	25.4%	+12.63%	Neutral	Compare

The View in One Line

FCF $2.77B, $1.78B buybacks and ~10% share reduction, plus lower cost guidance; risks are missing gross margin, high gold prices and Lihir water constraints.

Updated 2026-10-30

View History

09-17Neutral → Bullish
Adj. EPS $2.10 beat, operating cash flow $2.92B, $1.9B returned, net cash $3.4B, guidance unchanged; AISC +58% q/q is a risk.

Notable Institutional Holders

Bridgewater Associates · Ray Dalio$252MAdded +16%
Citadel Advisors · Ken Griffin$223MAdded +162%
Renaissance Technologies$189MAdded +21%

As of 2026-06-30

ETFs holding it

XLB Materials Select Sector SPDR Fund6.10%
MTUM iShares MSCI USA Momentum Factor ETF0.66%
VYM Vanguard High Dividend Yield ETF0.46%
VTV Vanguard Value ETF0.41%
RSP Invesco S&P 500 Equal Weight ETF0.22%
VOO Vanguard S&P 500 ETF0.17%
IVV iShares Core S&P 500 ETF0.17%
SPY SPDR S&P 500 ETF Trust0.17%

Weights estimated at latest prices

Key Events

08-20Management Change
Newmont Appoints Former BHP CFO as Independent Director
The Newmont board appointed Peter David Beaven as an independent director effective September 1, 2026, and he will join the Audit Committee.Source ↗
08-13M&A / Contracts
Newmont and Barrick Amend Nevada Joint Venture Agreement
Newmont will contribute projects including Fourmile to the Nevada joint venture and pay Barrick $1.95 billion in cash, while resolving all pending disputes between the parties.Source ↗
06-15Management Change
Newmont Appoints COO and CTO
Newmont appointed Mark Rodgers as Executive Vice President and Chief Operating Officer and David Thornton as Executive Vice President and Chief Technology Officer, both effective July 1, 2026.Source ↗
05-13Governance
Newmont's 2026 Annual Meeting Passes All Proposals
Newmont held its annual meeting on May 12, 2026, electing all 12 directors, passing the advisory resolution on executive compensation and ratifying Ernst & Young as 2026 auditor.Source ↗
04-28Management Change
CTO Retires; Erin Workman Serves as Interim Successor
Executive Vice President and Chief Technology Officer Francois Hardy will retire on June 30, 2026, with Erin Workman serving as interim Chief Technology Officer starting May 2026.Source ↗

Key Financial Trends

Quarterly Revenue ($B)6.4

Free Cash Flow ($B)2.8