Newmont (NEM): analysis in plain words
Is Newmont cheap or expensive? How it makes money, whether it grows and its risks, explained in plain words and with its official accounts.
Newmont (NEM) is listed on the NYSE and we classify it in materials and chemicals. Below are its key dated figures, how it makes money, how it compares with its sector, what works for and against Newmont according to those figures, and the questions people ask most about the stock. No buy or sell tips.
Newmont (NEM) key figures as of November 4, 2026
| Figure | Value | What it measures |
|---|---|---|
| Share price | $118.11 | Last price on November 4, 2026 |
| P/E ratio (TTM) | 13.7x | Price over earnings per share |
| Revenue growth | +15.2% | Latest quarter vs the same quarter a year earlier |
| Net margin (TTM) | 34.7% | Profit for every 100 of sales |
| Net debt / EBITDA | Net cash (more cash than debt) | Years of operating profit to repay debt |
| Dividend yield | 0.97% | Annual dividend over price |
| Market cap | $122.7 billion | What the stock market values it at |
The Newmont figures come from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026. Any NEM figure that is not available shows as N/A: we do not estimate it.
How Newmont makes money
Newmont mines gold, its main source of revenue, along with copper, silver, zinc and lead, at operations in North America, South America, Australia, Ghana and Papua New Guinea. It reports results mine by mine, and its revenue depends largely on the gold price and the ounces it produces.
Over the last 12 months, Newmont brought in revenue of $26.6 billion. For every 100 it sells, Newmont keeps 68.0 after the direct cost of what it sells (gross margin) and 50.0 after all operating costs (operating margin). With 17,500 full-time employees, that is about $2 million of revenue per employee.
Newmont against its sector
To know whether a Newmont figure is high or low you have to put it next to similar companies. This table compares Newmont with the median of the 10 materials and chemicals companies Fintols covers, with data as of November 4, 2026.
| Figure | Newmont | materials and chemicals median |
|---|---|---|
| P/E | 13.7x | 28.5x (10) |
| Revenue growth | +15.2% | +9.2% (11) |
| Net margin | 34.7% | 10.7% (11) |
| Dividend yield | 0.97% | 0.99% (11) |
| Net debt / EBITDA | -0.2x | 2.0x (11) |
In short, against the typical materials and chemicals company, Newmont trades on a lower P/E, grows faster and earns a wider margin. By size, Newmont ranks number 2 of 7 materials and chemicals companies quoted in USD on Fintols.
The bull case for Newmont
What works in favour of Newmont, according to its figures as of November 4, 2026:
- Newmont keeps 34.7 of every 100 it sells as net profit, against 10.7 for the median materials and chemicals company: a margin like that leaves money to invest, buy back shares or pay dividends.
- On a P/E basis Newmont trades cheaper than its sector: 13.7x its annual earnings, against 28.5x for the materials and chemicals median (10 companies with data).
- Newmont generates real cash: $9.2 billion of free cash flow over 12 months, 7.5% of its stock market value.
The main risk for Newmont
The Newmont figures as of November 4, 2026 show no clear red flag (no heavy debt, no losses, no falling sales). Its main risk is the one built into its business: the price of what it sells (metals, chemicals), which depends on the world economy and is out of its control.
Frequently asked questions about Newmont
Is it a good time to buy Newmont stock?
Fintols does not tell you whether to buy or sell Newmont, and nobody knows what the price will do tomorrow. What we can show you is where it stands today. As of November 4, 2026, Newmont stock trades at $118.11, 13% below its 52-week high ($135.29) and 47% above its low ($80.49). Its P/E is 13.7x against a materials and chemicals median of 28.5x, and 11.8x on the earnings analysts expect over the next 12 months. With Newmont, as with any stock, timing matters less than understanding the business, investing for the long run and not betting everything on a single company.
Does Newmont pay a dividend?
Yes. As of November 4, 2026, Newmont pays $1.04 per share a year, which at today's price is a yield of 0.97%. It uses 12% of its profit to pay it, which leaves room to keep paying it if profit dips. The materials and chemicals median on Fintols is 0.99%.
Is Newmont stock expensive?
It depends on what you compare it with. On P/E, Newmont trades at 13.7x its last 12 months of earnings: cheaper than the materials and chemicals median (28.5x). Including its debt, Newmont is valued at 6.2x its EBITDA (EV/EBITDA). A high P/E alone does not make Newmont expensive: it can be justified if earnings grow fast, and a low one can reflect a business in trouble.
Who are Newmont's competitors?
On Fintols we compare Newmont with Freeport-McMoRan, Nucor and Linde, which are also in materials and chemicals. As of November 4, 2026, Freeport-McMoRan is worth $89.9 billion and trades on a P/E of 26.3; Nucor is worth $60.8 billion and trades on a P/E of 17.1; Linde is worth $240.9 billion and trades on a P/E of 34.8. Each has a side-by-side comparison with Newmont below.
Newmont competitors
- Freeport-McMoRan (FCX) analysis · Newmont vs Freeport-McMoRan comparison
- Nucor (NUE) analysis · Newmont vs Nucor comparison
- Linde (LIN) analysis · Newmont vs Linde comparison
To understand Newmont better
- How to Read a Balance Sheet: A Beginner's Guide
- P/E Ratio and EPS Explained: How to Read Them Without Traps
More companies like Newmont: materials and chemicals stocks and S&P 500 companies. Open the full NEM analysis with its valuation and scenarios. Educational content about Newmont, not investment advice.