Newmont Corp
NEM—
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Newmont Corp AI Insights
Informational only. Not investment advice.Snapshot
- Operating margin TTM 43.5% vs industry median 0% - dominant cost structure in gold mining sector[Operating Margin]
- FCF TTM 6.1B (28% of revenue) while paying down 2B debt - deleveraging while generating excess cash[Free Cash Flow]
- ROE TTM 22.8% vs industry median -4.2% - rare positive returns in capital-intensive mining sector[Return on Equity]
Watch Triggers
- Operating Margin: Falls below 35% — Signals cost inflation or gold price decline eroding competitive advantage
- Free Cash Flow: Falls below 4B annually — Threatens dividend sustainability and debt paydown trajectory
- Capital Expenditure: Exceeds 4B annually — Rising sustaining capex would indicate reserve depletion issues
Bull Case
Industry-leading profitability (43% op margin, 33% net margin) with 6.1B FCF enables simultaneous debt paydown, dividends, and growth capex without dilution
Operating MarginFree Cash FlowNet Margin
Balance sheet fortress: 5.6B cash, 0.17 debt/equity, 5.3B working capital provides downside protection if gold prices decline
Cash and EquivalentsDebt to EquityWorking Capital
Bear Case
P/E 15.2x and P/S 4.6x premium to industry reflects gold price optimism - any price decline compresses multiples and earnings simultaneously
PE RatioPS Ratio
Asset turnover 0.39x signals capital intensity - 33.6B PPE requires ongoing capex (3.1B TTM) to maintain production levels
Asset TurnoverCapital ExpenditurePPE
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
60%
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Forward Thesis
Gold price leverage will amplify earnings - 43% operating margin means incremental revenue flows to bottom line
1-3ymed
- Near-zero marginal cost on existing production
- 33.6B PPE base already depreciated
- Debt/equity 0.17 limits interest drag
Operating margin 43.5% TTMNet margin 33.4% TTMInterest expense only 289M on 21.5B revenue
Valuation Context
Caveats
Public Strategies Rankings
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NEM Fundamentals
Mining, Quarrying, and Oil and Gas Extraction → Mining (except Oil and Gas)
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$124.66B | — | ||
$122.6B | — | ||
18 | — | ||
$22.67B | +21.3% | — | |
$6.39 | +75.1% | — | |
48.6% | +17.0% | — | |
31.3% | +13.3% | — | |
$7.3B | +146.5% | — | |
22.2% | +10.9% | — | |
Beta 5Y (Monthly) | unknown | — |
NEM Dividend History
107 dividends
2026
$0.260003/03/26$0.2600
2025
$1.000011/26/25$0.2500
09/04/25$0.2500
05/27/25$0.2500
03/04/25$0.2500
2024
$1.000011/27/24$0.2500
09/05/24$0.2500
06/04/24$0.2500
03/04/24$0.2500
2023
$1.600011/29/23$0.4000
09/06/23$0.4000
05/31/23$0.4000
03/08/23$0.4000
2022
$2.200012/07/22$0.5500
09/07/22$0.5500
06/01/22$0.5500
03/09/22$0.5500
2021
$2.200012/08/21$0.5500
09/08/21$0.5500
06/02/21$0.5500
03/03/21$0.5500
2020
$1.040012/10/20$0.4000
09/09/20$0.2500
06/03/20$0.2500
03/04/20$0.1400
2019
$1.440012/04/19$0.1400
09/11/19$0.1400
06/05/19$0.1400
04/16/19$0.8800
03/06/19$0.1400
2018
$0.700012/06/18$0.1400
12/05/18$0.1400
09/12/18$0.1400
06/06/18$0.1400
03/07/18$0.1400
2017
$0.250012/07/17$0.0750
09/13/17$0.0750
06/06/17$0.0500
03/07/17$0.0500
2016
$0.125012/06/16$0.0500
09/13/16$0.0250
06/07/16$0.0250
03/08/16$0.0250
2015
$0.100012/09/15$0.0250
09/08/15$0.0250
06/09/15$0.0250
03/10/15$0.0250
2014
$0.225012/03/14$0.0250
09/09/14$0.0250
06/10/14$0.0250
03/11/14$0.1500
2013
$1.225012/03/13$0.2000
09/03/13$0.2500
06/10/13$0.3500
03/11/13$0.4250
2012
$1.400012/04/12$0.3500
09/04/12$0.3500
06/08/12$0.3500
03/13/12$0.3500
2011
$1.000012/06/11$0.3500
09/06/11$0.3000
06/14/11$0.2000
03/11/11$0.1500
2010
$0.500012/06/10$0.1500
09/03/10$0.1500
06/11/10$0.1000
03/10/10$0.1000
2009
$0.400012/04/09$0.1000
09/03/09$0.1000
06/03/09$0.1000
03/04/09$0.1000
2008
$0.400012/03/08$0.1000
09/03/08$0.1000
06/04/08$0.1000
03/05/08$0.1000
2007
$0.400012/05/07$0.1000
09/04/07$0.1000
06/06/07$0.1000
03/05/07$0.1000
2006
$0.400012/05/06$0.1000
09/05/06$0.1000
06/06/06$0.1000
03/06/06$0.1000
2005
$0.400011/29/05$0.1000
09/02/05$0.1000
05/27/05$0.1000
03/01/05$0.1000
2004
$0.300011/29/04$0.1000
09/01/04$0.0750
05/28/04$0.0750
03/01/04$0.0500
2003
$0.170012/08/03$0.0500
08/29/03$0.0400
06/02/03$0.0400
03/03/03$0.0400
2002
$0.120012/02/02$0.0300
08/30/02$0.0300
06/03/02$0.0300
03/04/02$0.0300
2001
$0.120012/06/01$0.0300
09/04/01$0.0300
06/04/01$0.0300
03/02/01$0.0300
2000
$0.120012/05/00$0.0300
09/05/00$0.0300
06/05/00$0.0300
03/03/00$0.0300
NEM Stock Splits
No stock splits
NEM SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
02/19/26 | 12/31/25 | Unknown | |
10/23/25 | 09/30/25 | 10-Q | |
07/24/25 | 06/30/25 | 10-Q | |
04/24/25 | 03/31/25 | 10-Q | |
02/21/25 | 12/31/24 | 10-K | |
10/24/24 | 09/30/24 | 10-Q | |
07/25/24 | 06/30/24 | 10-Q | |
04/29/24 | 03/31/24 | 10-Q | |
02/29/24 | 12/31/23 | 10-K | |
10/26/23 | 09/30/23 | 10-Q | |
07/20/23 | 06/30/23 | 10-Q | |
04/27/23 | 03/31/23 | 10-Q | |
02/23/23 | 12/31/22 | 10-K | |
11/01/22 | 09/30/22 | 10-Q | |
07/25/22 | 06/30/22 | 10-Q | |
04/22/22 | 03/31/22 | 10-Q | |
02/24/22 | 12/31/21 | 10-K | |
10/28/21 | 09/30/21 | 10-Q | |
07/22/21 | 06/30/21 | 10-Q | |
04/29/21 | 03/31/21 | 10-Q | |
07/28/22 | 12/31/20 | 10-K/A | |
02/18/21 | 12/31/20 | 10-K | |
10/29/20 | 09/30/20 | 10-Q | |
07/30/20 | 06/30/20 | 10-Q | |
05/05/20 | 03/31/20 | 10-Q | |
02/20/20 | 12/31/19 | 10-K | |
11/05/19 | 09/30/19 | 10-Q | |
07/25/19 | 06/30/19 | 10-Q | |
04/25/19 | 03/31/19 | 10-Q | |
02/21/19 | 12/31/18 | 10-K | |
10/25/18 | 09/30/18 | 10-Q | |
07/26/18 | 06/30/18 | 10-Q | |
04/26/18 | 03/31/18 | 10-Q | |
02/22/18 | 12/31/17 | 10-K | |
10/26/17 | 09/30/17 | 10-Q | |
07/25/17 | 06/30/17 | 10-Q | |
04/24/17 | 03/31/17 | 10-Q | |
02/21/17 | 12/31/16 | 10-K | |
10/26/16 | 09/30/16 | 10-Q | |
07/20/16 | 06/30/16 | 10-Q | |
04/20/16 | 03/31/16 | 10-Q | |
02/17/16 | 12/31/15 | 10-K | |
10/29/15 | 09/30/15 | 10-Q | |
07/23/15 | 06/30/15 | 10-Q | |
04/24/15 | 03/31/15 | 10-Q | |
02/20/15 | 12/31/14 | 10-K | |
10/30/14 | 09/30/14 | 10-Q | |
07/30/14 | 06/30/14 | 10-Q | |
04/25/14 | 03/31/14 | 10-Q | |
02/21/14 | 12/31/13 | 10-K | |
10/31/13 | 09/30/13 | 10-Q | |
07/26/13 | 06/30/13 | 10-Q | |
04/30/13 | 03/31/13 | 10-Q | |
02/22/13 | 12/31/12 | 10-K | |
11/01/12 | 09/30/12 | 10-Q | |
07/26/12 | 06/30/12 | 10-Q | |
04/26/12 | 03/31/12 | 10-Q | |
02/24/12 | 12/31/11 | 10-K | |
10/27/11 | 09/30/11 | 10-Q | |
07/29/11 | 06/30/11 | 10-Q | |
04/21/11 | 03/31/11 | 10-Q | |
02/24/11 | 12/31/10 | 10-K | |
11/02/10 | 09/30/10 | 10-Q | |
07/28/10 | 06/30/10 | 10-Q | |
04/27/10 | 03/31/10 | 10-Q | |
02/25/10 | 12/31/09 | 10-K | |
10/29/09 | 09/30/09 | 10-Q | |
07/23/09 | 06/30/09 | 10-Q | |
04/30/09 | 03/31/09 | 10-Q | |
02/19/09 | 12/31/08 | 10-K | |
10/29/08 | 09/30/08 | 10-Q | |
07/24/08 | 06/30/08 | 4 | |
04/24/08 | 03/30/08 | Unknown | -- |
02/21/08 | 12/31/07 | 10-K | |
10/31/07 | 09/30/07 | 10-Q | |
08/02/07 | 06/30/07 | 10-Q | |
04/27/07 | 03/31/07 | 4 | |
02/26/07 | 12/31/06 | 10-K | |
11/01/06 | 09/30/06 | 10-Q | |
07/27/06 | 06/30/06 | 4 | |
04/28/06 | 03/30/06 | Unknown | -- |
03/02/06 | 12/31/05 | 5 | |
10/28/05 | 09/30/05 | 4 | |
08/01/05 | 06/30/05 | 10-Q | |
04/29/05 | 03/30/05 | Unknown | -- |
03/15/05 | 12/31/04 | 4 | |
11/04/04 | 09/30/04 | 4 | |
08/02/04 | 06/30/04 | 4 | |
04/30/04 | 03/30/04 | Unknown | -- |
03/15/04 | 12/31/03 | 4 | |
11/03/03 | 09/30/03 | 4 | |
08/04/03 | 06/30/03 | 4 | |
05/09/03 | 03/30/03 | Unknown | -- |
03/27/03 | 12/31/02 | 10-K | |
11/14/02 | 09/30/02 | 10-Q | |
08/14/02 | 06/30/02 | 10-Q | |
05/15/02 | 03/30/02 | Unknown | -- |
03/27/02 | 12/31/01 | 10-K | |
09/30/01 | 09/30/01 | Unknown | -- |
06/30/01 | 06/30/01 | Unknown | -- |
03/31/01 | 03/30/01 | Unknown | -- |
12/31/00 | 12/31/00 | Unknown | -- |
09/30/00 | 09/30/00 | Unknown | -- |
06/30/00 | 06/30/00 | Unknown | -- |
03/31/00 | 03/30/00 | Unknown | -- |