Newmont is due to report October 22. Newmont Corp stock loses 2.98 percent
Newmont Corp (ISIN US6516391066) was trading at EUR 100.33 at Lang & Schwarz on October 7, 2026 at 3:41 p.m. CEST, down 2.98 ...
Model output · Signal date 2026-11-06
Newmont Corp /De/ (NEM) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · NYSE
Rating · 90D
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90-day forecast
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Alpha
Rank in coverage
of 5150 stocks scored
Rank correlation · 90D
6.0%
Spearman, 357 dates
Market Cap
$125.65B
large-cap · #1 of 60 peers
Summary
Newmont Corp /De/ (NEM) stock forecast summary
Our AI scores Newmont Corp /De/ every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Newmont Corp /De/ is a large-cap company with a market capitalization of $125.65B. It ranks number 1 by market capitalization among the 60 Gold and Silver Ores issuers in our coverage with a current forecast.
For NEM, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 6.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 3.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, NEM included.
Price
NEM price chart and AI forecast
Cross-section · 2026-11-06
How NEM ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-09-30
Newmont Corp /De/ (NEM) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Gold and Silver Ores peers listed below that report each metric.
Valuation & Market
| Metric | NEM | Rank |
|---|---|---|
| Market Cap | $125.65B | 1/60 |
| P/E Ratio | 14.04x | 14/22 |
| P/B Ratio | 3.52x | 9/18 |
| Dividend Yield | 0.88% | – |
| EPS | $8.61 | – |
| Book Value/Share | $34.33 | – |
| Revenue/Share | $25.60 | – |
| FCF/Share | $9.69 | – |
Profitability & Margins
| Metric | NEM | Rank |
|---|---|---|
| ROE | 25.9% | 7/31 |
| ROA | 15.9% | 6/30 |
| Gross Margin | 69.2% | 4/26 |
| Net Margin | 34.7% | 3/20 |
| EBT Margin | 52.8% | 2/26 |
| Tax Rate | 37.5% | – |
Financial Health
| Metric | NEM | Rank |
|---|---|---|
| Current Ratio | 2.45x | 35/51 |
| D/E Ratio | 0.63x | 12/52 |
| Financial Leverage | 1.63x | 15/49 |
| Working Capital | $8.03B | 1/51 |
Cash Flow
| Metric | NEM | Rank |
|---|---|---|
| Operating Cash Flow | $13.10B | 1/43 |
| Free Cash Flow | $10.07B | 1/26 |
| Capital Spending | -$3.02B | 25/26 |
| OCF Growth YoY | 42.0% | 10/16 |
| FCF Growth YoY | 64.5% | 3/10 |
| FCF/Sales | 37.9% | 2/18 |
| CapEx/Sales | 11.4% | 15/18 |
Operational Efficiency
| Metric | NEM | Rank |
|---|---|---|
| Asset Turnover | 0.46x | 14/24 |
| Receivables Turnover | 27.9x | 14/18 |
| Fixed Assets Turnover | 0.8x | 12/17 |
| Days Sales Outstanding | 13 days | 5/18 |
| Payables Period | 39 days | 10/19 |
Income Statement
| Metric | NEM | Rank |
|---|---|---|
| Total Revenue | $26.61B | 3/29 |
| Net Income | $9.24B | 1/35 |
| R&D Expense | $193M | – |
| Cost of Goods Sold | $8.20B | 5/28 |
Dividend & Shareholder Information
| Metric | NEM | Rank |
|---|---|---|
| Dividends Per Share | $1.06 | – |
| Payout Ratio | 12.3% | – |
| Shares Outstanding | 1039M | – |
| Net Income Growth | 28.6% | 9/13 |
| EPS Growth | 17.6% | 9/16 |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $13.57B | 23.3% of assets |
| Cash & Short-term Investments | $8.83B | 15.2% of assets |
| Accounts Receivable | $952M | 1.6% of assets |
| Total Liabilities | $22.33B | 38.4% of assets |
| Short-term Debt | $4.66B | 8.0% of assets |
Quarterly Financial Reports
NEM quarterly financials and insider trading
Industry Peers · Gold and Silver Ores
Newmont Corp /De/ (NEM) industry peers
Companies classified under the same SEC industry code as Newmont Corp /De/ (Gold and Silver Ores): 60 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| NEM Newmont Corp /De/ | $125.65B | |
| AEM Agnico Eagle Mines Ltd | $96.17B | |
| WPM Wheaton Precious Metals Corp. | $61.89B | |
| FNV Franco Nevada Corp | $49.15B | |
| GFI Gold Fields Ltd | $35.06B | |
| KGC Kinross Gold Corp | $25.90B | |
| PAAS Pan American Silver Corp | $17.37B | |
| CDE Coeur Mining, Inc. | $15.90B | |
| EQX Equinox Gold Corp. | $13.45B | |
| AGI Alamos Gold Inc | $13.36B | |
| IAG Iamgold Corp | $10.35B | |
| EGO Eldorado Gold Corp /Fi | $9.31B | |
| AG First Majestic Silver Corp | $7.45B | |
| BTG B2gold Corp | $7.24B | |
| OR Or Royalties Inc. | $6.78B | |
| SKE Skeena Resources Ltd | $3.75B | |
| FSM Fortuna Mining Corp. | $2.94B | |
| NG Novagold Resources Inc | $2.81B | |
| SA Seabridge Gold Inc | $2.76B | |
| TGB Trekor Metals Ltd | $2.51B | |
| PPTA Perpetua Resources Corp. | $2.44B | |
| EXK Endeavour Silver Corp | $2.32B | |
| SVM Silvercorp Metals Inc | $1.94B | |
| SIND Sinda Ltd. | $1.86B | |
| SSMR Sunshine Silver Mining & Refining Co | $1.76B | |
| HYMC Hycroft Mining Holding Corp | $1.75B | |
| CNL Collective Mining Ltd. | $1.24B | |
| IAUX I-80 Gold Corp. | $1.23B | |
| SLSR Solaris Resources Inc. | $1.18B | |
| VZLA Vizsla Silver Corp. | $1.11B | |
| GOLD Barrick Mining Corp | $1.10B | |
| ELE Elemental Royalty Corp | $1.02B | |
| NEWP New Pacific Metals Corp | $973M | |
| MUX Mcewen Inc. | $950M | |
| HSLV Highlander Silver Corp. | $871M | |
| OGG Osisko Gold Group Inc. | $809M | |
| MTA Metalla Royalty & Streaming Ltd. | $752M | |
| GROY Gold Royalty Corp. | $701M | |
| NFGC New Found Gold Corp. | $659M | |
| CTGO Contango Silver & Gold Inc. | $520M | |
| ITRG Integra Resources Corp. | $434M | |
| CMCL Caledonia Mining Corp Plc | $411M | |
| VGZ Vista Gold Corp | $401M | |
| TMQ Trilogy Metals Inc. | $390M | |
| NAK Northern Dynasty Minerals Ltd | $346M | |
| VOXR Vox Royalty Corp. | $336M | |
| IDR Idaho Strategic Resources, Inc. | $330M | |
| URG Ur-Energy Inc | $296M | |
| TRX Trx Gold Corp | $268M | |
| TII Titan Mining Corp | $174M | |
| NVA Nova Minerals Corp | $167M | |
| GLDG Goldmining Inc. | $167M | |
| SBMT Silver Bow Mining Corp. | $163M | |
| PLG Platinum Group Metals Ltd | $141M | |
| FTCO Fortitude Gold Corp | $128M | |
| FURY Fury Gold Mines Ltd | $96M | |
| USGO U.S. Goldmining Inc. | $74M | |
| XPL Solitario Resources Corp. | $44M | |
| AUST Austin Gold Corp. | $11M | |
| NMEX Northern Minerals & Exploration Ltd. | $5M |
Where NEM sits on the market map
Energy & Transportation · Gold and Silver Ores
News
Newmont Corp /De/ (NEM) stock news
RBC sets USD 155.00 target for Newmont Corp stock
RBC Capital analyst Josh Wolfson set a USD 155.00 target and kept a Buy rating on October 13, 2026. Newmont will release third-quarter 2026 results after the North American market close on October 22, ...
Newmont Corp. R (NMM0.DU) Q4 FY2025 earnings call transcript
Read Newmont Corp. R (NMM0.DU) Q4 FY2025 earnings call transcript on Yahoo Finance to keep your investing strategy up to date with all of the latest information ...
FAQ
Newmont Corp /De/ (NEM) stock forecast FAQ
What is the Newmont Corp /De/ (NEM) stock forecast?
Our AI scores Newmont Corp /De/ every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Newmont Corp /De/ stock predictions?
For NEM, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 6.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 3.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Newmont Corp /De/ forecasts updated?
Newmont Corp /De/ forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Newmont Corp /De/'s industry peers?
60 issuers in our coverage, NEM included, share the SEC industry code Gold and Silver Ores. The largest are: Agnico Eagle Mines Ltd (AEM), Wheaton Precious Metals Corp. (WPM), Franco Nevada Corp (FNV), Gold Fields Ltd (GFI), Kinross Gold Corp (KGC), Pan American Silver Corp (PAAS).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.