Newmont (NEM)
Mines gold globally while producing copper, silver, zinc and lead as co-products.
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Mines and processes gold across Africa, Australia, Papua New Guinea and the Americas, selling mostly refined gold while producing copper, silver, lead and zinc at selected sites. The portfolio combines managed mines with non-operated joint ventures, leaving results chiefly exposed to gold prices and partner execution.
Produces gold from open-pit and underground mines across Africa, Australia, Papua New Guinea and the Americas, with copper, silver, lead and zinc recovered at selected sites. Ore is processed into doré or concentrates, then refined or sold to smelters; gold supplies most sales.
Runs a core portfolio spanning Lihir, Cadia, Tanami, Boddington, Ahafo South, Ahafo North, Peñasquito, Brucejack, Red Chris, Cerro Negro, Merian and Yanacocha, plus non-operated interests in Nevada Gold Mines and Pueblo Viejo. The operating model combines large-scale mining, complex ore processing and development around established districts. Results depend primarily on gold prices, while ongoing production requires permits, land and water access, power, community agreements and host-government relationships. Barrick operates Nevada Gold Mines and Pueblo Viejo.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 9, 2026 | Bernstein | Reiterate | Rating: —Target: — | Target: $144 |
| Aug 24, 2026 | Raymond James | Reiterate | Rating: —Target: $111 | Target: $140 |
| Aug 14, 2026 | CIBC | Target | Target: $168 | Target: $170 |
| Aug 12, 2026 | Scotiabank | Reiterate | Rating: —Target: $147 | Target: $149 |
| Aug 3, 2026 | Argus Research | Target | Target: $63 | Target: $110 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $13.13B · Total debt $5.47B · Total assets $57.64B · Shareholders' equity $35.41B
- Revenue
- $3.45B
- Operating income
- $1.10B
- Net income
- $2.20B
HistoryDividendAnnual yield
| Institutions | 78.64% | 828.60M shares | |
|---|---|---|---|
| 1,887 holders · as of Jun 30, 2026 | |||
| Insiders | 0.11% | 1.17M shares | |
| 26 holders · as of Sep 3, 2026 | |||
| Other | 21.25% | 223.93M shares | |
| remainder | |||
1.05B company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 11.47% | 120.88M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.61% | 69.66M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.97% | 52.40M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 3.66% | 38.58M | as of Jun 30, 2026 |
Van Eck Associates CorpInstitution | 3.05% | 32.11M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 1, 2026 | Natascha Viljoen | director, officer: President & CEO | −3,882 | $123.00 |
| Sep 1, 2026 | Peter Toth | officer: EVP, Chief Sustain & Dev Off | −3,000 | $123.00 |
| Aug 5, 2026 | Natascha Viljoen | director, officer: President & CEO | −7,764 | $104.00 |
| Aug 5, 2026 | Brian Tabolt | officer: Chief Financial Officer | −11,445 | $105.09 |
| Aug 3, 2026 | Peter Toth | officer: EVP, Chief Sustain & Dev Off | −3,000 | $93.45 |
- Barrick Mining
The #2 gold producer globally; JV partner in Nevada and direct copper rival.
- Agnico Eagle Mines
The #3 gold producer; Canadian cost and reserve benchmark against NEM.
- AngloGold Ashanti
The #6 gold producer; direct rival in Latin America, Australia, and Nevada.
- Gold Fields (ADR)
The #8 gold producer; competes in Australia, Americas, and Ghana overlap zones.
- Kinross Gold
#7 gold producer; Americas and Africa rival competing on free cash flow.
- Freeport-McMoRan
World's largest copper miner; competes with NEM for copper capital and talent.
- Harmony Gold Mining Company (ADR)
South Africa's largest gold producer; 50:50 Wafi-Golpu JV partner with NEM.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Newmont | $122.68 | −3.60% | $134.09B | 16.0 | 12.5 | 5.9 | +16.0% |
| Barrick Mining | $42.52 | −3.11% | $73.52B | 11.2 | 10.5 | 3.6 | +39.3% |
| Agnico Eagle Mines | $195.16 | −4.12% | $103.07B | 17.5 | 16.3 | 7.1 | +33.3% |
| AngloGold Ashanti | $98.51 | −5.82% | $52.90B | 14.0 | 11.2 | 4.5 | +27.0% |
| Gold Fields (ADR) | $40.45 | −5.85% | $38.45B | 8.8 | — | 3.4 | +71.8% |
| Kinross Gold | $27.41 | −4.51% | $34.05B | 11.0 | 8.8 | 4.1 | +27.8% |
| Freeport-McMoRan | $72.08 | −3.05% | $106.88B | 36.4 | 20.2 | 4.1 | −7.3% |
| Harmony Gold Mining Company (ADR) | $18.64 | −5.98% | $12.38B | 7.1 | — | 1.9 | +75.9% |
| Median | 11.2 | 11.2 | 4.1 | +33.3% |