Newmont (NEM)
The world's biggest gold miner - with a bit of copper and silver dug up along the way.
Is Newmont a good stock for a UK beginner?
The honest version: The world's biggest gold miner - with a bit of copper and silver dug up along the way.
Over about 2 years to 2026-07-31. This is the share price only - reinvesting the dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.
Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.
Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.
Structural demand for gold (central-bank reserves, inflation hedging) keeps prices elevated for years.
A sustained decline in gold prices or rising extraction costs erode long-run profitability.
What does Newmont do?
Newmont digs gold out of mines spread across several continents, with some copper and silver as by-products, so its fortunes are closely tied to the gold price. High gold prices lately helped it post a 33.9% net margin: How much of each £1 of sales becomes profit after all costs. Higher = more profitable per sale., a 25.8% return on equity: How much profit the company makes for each £1 shareholders have put in. Higher usually means a more efficient business. and 46% revenue growth: How fast the company's sales grew versus a year ago.. Its shares sit at a P/E: Price-to-earnings: the share price divided by yearly profit per share. Lower can mean cheaper; higher often means investors expect fast growth. of 12.4 (8.7 forward), well below broader-market averages, though mining profits can swing hard with metal prices and costs. The one thing worth watching -> its momentum score is weak (M35) even though quality and growth are strong (Q84, G89), a hint the share price has lagged the underlying fundamentals.
On our factor screen it looks strongest on quality and income, and weakest on momentum.
- ✓Pays a dividend - about 1.1% a year
- ✓Growing - revenue up about 15% over the year
- ✓Very profitable - turns about 33% of sales into profit
- ✓Low debt - a sturdier balance sheet
- ✓Strong return on shareholder money (ROE 26%)
- Quality screens high (83/100)
- Income screens high (70/100)
- Below-market valuation multiples (P/E 12.4 trailing, 8.7 forward)
- Strong net margin and ROE in the current gold-price environment
- Large, diversified global mine portfolio versus smaller single-asset miners
- Gold-price volatility tied to interest rates, the US dollar, and macro sentiment
- Rising mining costs (energy, labor, equipment)
- Operational and geopolitical risk across a multi-country mine portfolio
What do Newmont's numbers mean?
How much money does Newmont make?
Revenue and profit by quarter, and how much of each sale turns into profit.
Does Newmont pay a dividend?
Yes - Newmont currently pays a dividend of about 1.1% a year (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it.
When does Newmont report earnings, and how did recent quarters go?
Newmont is next scheduled to report on about 2026-10-22 - dates can move, and we don't predict results; this just tells you when to look.
Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.
| Reported | Expected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number. | Actual EPS | vs expected |
|---|---|---|---|
| 2026-07-23 | $1.99 | $2.10 | Beat +6% |
| 2026-04-23 | $2.17 | $2.90 | Beat +33% |
| 2026-02-19 | $2.03 | $2.52 | Beat +24% |
| 2025-10-23 | $1.44 | $1.71 | Beat +19% |
| 2025-07-24 | $1.16 | $1.43 | Beat +23% |
| 2025-04-23 | $0.91 | $1.25 | Beat +37% |
Across the last 6 quarters here, Newmont came in ahead of what analysts expected 6 times. One quarter is noise, not a trend.
See who else reports over the next two weeks →
Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.
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Albemarle CorporationWhat are the scenarios for Newmont?
An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.
What are the pros and cons of Newmont?
How many points the write-up makes each way — a balance check, not a score or verdict.
- Below-market valuation multiples (P/E 12.4 trailing, 8.7 forward)
- Strong net margin and ROE in the current gold-price environment
- Large, diversified global mine portfolio versus smaller single-asset miners
- High quality and growth factor scores (Q84, G89)
- Weak recent momentum score (M35) despite strong fundamentals
- Earnings depend heavily on the gold price rather than company execution alone
- Modest dividend yield relative to some other cash-generative miners
- Gold-price volatility tied to interest rates, the US dollar, and macro sentiment
- Rising mining costs (energy, labor, equipment)
- Operational and geopolitical risk across a multi-country mine portfolio
- Ore grade decline requiring ongoing capital investment
The write-up's own warning lights — if these start happening, the case above changes.
- A sustained decline in gold prices without offsetting cost reductions would undercut the current strong-margin picture
- Persistent operational issues or cost overruns at key mines
- A prolonged period of negative momentum despite stable gold prices, suggesting company-specific issues
Built from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →