Newmont (NEM) Stock Analysis

July 23, 2026

This is a peer-relative look at Newmont (NEM): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Materials peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Newmont (NEM)
Profile Item	NEM
Name	Newmont Corporation
Country/Region	United States
GICS Sector	Materials
GICS Industry Group	Materials
GICS Industry	Metals & Mining
GICS Sub-Industry	Gold
Market Capitalization	98.74 billion USD
Currency	USD
Exchange	NYSE
Listing Date	March 17, 1980
Security Type	Common Stock

Price Performance

Cumulative Growth

NEM

GSPC

Newmont (NEM) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Newmont (NEM) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Newmont (NEM) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Newmont (NEM) metric values compared with Materials industry-group medians
Metric	Current stock: NEM	Industry group median
Total Return (1Y)	56.15%	20.99%
Total Return (3Y, Annualized)	31.74%	11.70%
Total Return (5Y, Annualized)	12.12%	7.81%

Risk Profile

Drawdown History

NEM

GSPC

Newmont (NEM) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Newmont (NEM) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Newmont (NEM) metric values compared with Materials industry-group medians
Metric	Current stock: NEM	Industry group median
Volatility (1Y, Annualized)	47.81%	53.58%
Beta (5Y)	0.47	0.97
Max Drawdown (5Y)	-62.40%	-60.26%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. NEM is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Newmont (NEM) metric values compared with Materials industry-group medians
Metric	Current stock: NEM	Industry group median
Sharpe Ratio (1Y)	1.09	0.37
Sortino Ratio (1Y)	1.51	0.55

Profitability

ROE (TTM)

Newmont (NEM) posts ROE of 25.83%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

NEM

Materials industry group

25.83%

Group distribution

Max: 51.93%
NEM: 25.83%
Q3: 18.20%
Median: 5.99%
Q1: -9.69%
Min: -50.42%

Largest peers

SHW: 60.72%
SCCO: 46.34%
NEM: 25.83%
BHP: 24.71%
LIN: 18.23%
RIO: 16.40%
FCX: 15.63%

Where Newmont (NEM) stands on ROE within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Newmont (NEM) keeps 33.87% of revenue as net profit, putting net margin in the upper peer quartile. After operating costs, interest, and taxes, more of each sales dollar reaches shareholders than it does at most industry peers.

NEM

Materials industry group

33.87%

Group distribution

Max: 35.99%
NEM: 33.87%
Q3: 14.91%
Median: 3.99%
Q1: 0.00%
Min: -21.87%

Largest peers

SCCO: 34.13%
NEM: 33.87%
LIN: 20.44%
BHP: 18.97%
RIO: 17.29%
SHW: 10.86%
FCX: 10.34%

Where Newmont (NEM) stands on net margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Newmont (NEM) turns 61.38% of revenue into operating profit, putting operating margin in the upper peer quartile. Before financing and taxes enter the picture, the day-to-day business keeps more of each sales dollar than most industry peers.

NEM

Materials industry group

61.38%

Group distribution

Max: 66.92%
NEM: 61.38%
Q3: 27.44%
Median: 10.11%
Q1: 0.00%
Min: -32.85%

Largest peers

NEM: 61.38%
SCCO: 58.34%
BHP: 40.73%
FCX: 31.07%
LIN: 28.47%
RIO: 25.32%
SHW: 14.16%

Where Newmont (NEM) stands on operating margin within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Newmont (NEM) metric values compared with Materials industry-group medians
Metric	Current stock: NEM	Industry group median
ROE (TTM)	25.83%	5.99%
ROA (TTM)	14.89%	4.28%
Net Margin (TTM)	33.87%	3.99%
Operating Margin (TTM)	61.38%	10.11%
Gross Margin (TTM)	67.36%	26.01%

Growth

Revenue Growth

Newmont (NEM) grew revenue 21.34%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Newmont (NEM): Revenue Growth across different time periods, set against Materials industry-group medians.

EPS Growth

Newmont (NEM) grew earnings per share 118.84%, in the upper peer quartile. Per-share profits are compounding faster than at most industry peers.

Newmont (NEM): EPS Growth across different time periods, set against Materials industry-group medians.

Growth Metrics

Newmont (NEM) metric values compared with Materials industry-group medians
Metric	Current stock: NEM	Industry group median
Revenue Growth (YoY)	21.34%	5.73%
Revenue Growth (3Y CAGR)	23.91%	-0.01%
EPS Growth (YoY)	118.84%	-2.25%
EPS Growth (3Y CAGR)	--	1.84%

Financial Strength

Current Ratio (MRQ)

Newmont (NEM) has current ratio of 2.44, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

NEM

Materials industry group

2.44

Group distribution

Max: 6.31
Q3: 3.49
NEM: 2.44
Median: 2.23
Q1: 1.42
Min: 0.12

Largest peers

SCCO: 4.38
NEM: 2.44
FCX: 2.39
BHP: 1.65
RIO: 1.45
SHW: 0.86
LIN: 0.83

Where Newmont (NEM) stands on current ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Newmont (NEM) has debt-to-equity ratio of 0.16, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

NEM

Materials industry group

0.16

Group distribution

Max: 2.02
Q3: 0.92
Median: 0.44
NEM: 0.16
Q1: 0.13
Min: 0.00

Largest peers

SHW: 3.30
LIN: 0.66
SCCO: 0.62
BHP: 0.53
RIO: 0.35
FCX: 0.33
NEM: 0.16

Where Newmont (NEM) stands on debt-to-equity ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Newmont (NEM) metric values compared with Materials industry-group medians
Metric	Current stock: NEM	Industry group median
Current Ratio (MRQ)	2.44	2.23
Debt / Equity (MRQ)	0.16	0.44
Net Debt / EBITDA	-0.20	1.66

Dividends

Dividend Yield (TTM)

Newmont (NEM) has dividend yield of 1.14%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

NEM

Materials industry group

1.14%

Group distribution

Max: 4.91%
Q3: 1.96%
NEM: 1.14%
Median: 0.46%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 4.51%
SCCO: 1.88%
BHP: 1.65%
LIN: 1.19%
NEM: 1.14%
FCX: 1.02%
SHW: 0.98%

Where Newmont (NEM) stands on dividend yield within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Newmont (NEM) has payout ratio of 13.10%, within the industry’s typical payout band. The dividend shares profits with investors while leaving earnings coverage that looks normal for the peer group.

NEM

Materials industry group

13.10%

Group distribution

Max: 97.44%
Q3: 40.00%
NEM: 13.10%
Median: 9.04%
Q1: 0.00%
Min: 0.00%

Largest peers

RIO: 61.31%
SCCO: 56.33%
BHP: 54.64%
LIN: 40.45%
FCX: 31.75%
SHW: 30.45%
NEM: 13.10%

Where Newmont (NEM) stands on payout ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Newmont (NEM) metric values compared with Materials industry-group medians
Metric	Current stock: NEM	Industry group median
Dividend Yield (TTM)	1.14%	0.46%
Dividend Payout Ratio (TTM)	13.10%	9.04%

Valuation

P/E Ratio (TTM)

Newmont (NEM) trades at P/E ratio of 11.58, in the cheaper earnings-multiple quartile for its industry. Investors are paying less for each dollar of TTM earnings than they usually pay for comparable businesses.

NEM

Materials industry group

11.58

Group distribution

Max: 58.49
Q3: 31.23
Median: 20.26
Q1: 12.90
NEM: 11.58
Min: 4.66

Largest peers

LIN: 33.89
FCX: 31.12
SHW: 31.07
SCCO: 29.65
BHP: 20.01
RIO: 14.89
NEM: 11.58

Where Newmont (NEM) stands on P/E ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Newmont (NEM) trades at 3.95 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

NEM

Materials industry group

3.95

Group distribution

Max: 8.72
Q3: 4.01
NEM: 3.95
Median: 1.86
Q1: 0.73
Min: 0.00

Largest peers

SCCO: 10.78
LIN: 6.74
NEM: 3.95
BHP: 3.93
FCX: 3.40
SHW: 3.28
RIO: 2.55

Where Newmont (NEM) stands on P/S ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Newmont (NEM) trades at 2.84 on P/B ratio, roughly in line with the industry’s normal price-to-book range. Its balance sheet is not being priced at a clear discount or premium versus peers.

NEM

Materials industry group

2.84

Group distribution

Max: 7.76
Q3: 3.99
NEM: 2.84
Median: 2.25
Q1: 1.38
Min: -0.30

Largest peers

SHW: 17.62
SCCO: 13.31
LIN: 6.06
FCX: 4.61
BHP: 4.20
NEM: 2.84
RIO: 2.37

Where Newmont (NEM) stands on P/B ratio within its Materials peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Newmont (NEM) metric values compared with Materials industry-group medians
Metric	Current stock: NEM	Industry group median
P/E Ratio (TTM)	11.58	20.26
P/S Ratio (TTM)	3.95	1.86
P/B Ratio (MRQ)	2.84	2.25
Free Cash Flow Yield (TTM)	9.93%	1.85%