Newmont Corporation

SWX:NEM Stock Report

Market Cap: CHF 87.4b

Newmont Valuation

Is NEM undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of NEM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: NEM (CHF79.75) is trading below our estimate of fair value (CHF139.53)

Significantly Below Fair Value: NEM is trading below fair value by more than 20%.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for NEM?

Key metric: As NEM is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for NEM. This is calculated by dividing NEM's market cap by their current earnings.
What is NEM's PE Ratio?
PE Ratio15.3x
EarningsUS$7.19b
Market CapUS$110.28b

Price to Earnings Ratio vs Peers

How does NEM's PE Ratio compare to its peers?

The above table shows the PE ratio for NEM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average21.9x
HOLN Holcim
13.2x0.88%CHF 41.9b
GIVN Givaudan
26.5x5.10%CHF 29.0b
SIKA Sika
21.8x7.72%CHF 26.1b
AMRZ Amrize
25.8x12.81%CHF 24.1b
NEM Newmont
15.3x6.32%CHF 110.3b

Price-To-Earnings vs Peers: NEM is good value based on its Price-To-Earnings Ratio (15.3x) compared to the peer average (21.9x).

Price to Earnings Ratio vs Industry

How does NEM's PE Ratio compare vs other companies in the European Metals and Mining Industry?

18 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NEM 15.3xIndustry Avg. 17.0xNo. of Companies18PE01020304050+
18 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NEM is good value based on its Price-To-Earnings Ratio (15.3x) compared to the European Metals and Mining industry average (17x).

Price to Earnings Ratio vs Fair Ratio

What is NEM's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

NEM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio15.3x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate NEM's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst NEM forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
CurrentCHF 79.75
CHF 86.46
+8.41%
13.88%CHF 105.02CHF 48.96n/a20
Dec ’26n/a
CHF 84.14
0%
12.71%CHF 100.61CHF 49.90n/a20
Nov ’26n/a
CHF 82.25
0%
12.10%CHF 96.07CHF 49.63n/a20
Oct ’26n/a
CHF 68.39
0%
16.23%CHF 85.28CHF 46.23n/a20
Sep ’26n/a
CHF 58.63
0%
13.94%CHF 83.24CHF 46.42n/a19
Aug ’26n/a
CHF 56.67
0%
9.94%CHF 69.24CHF 46.70n/a20
Jul ’26n/a
CHF 51.52
0%
12.14%CHF 70.20CHF 43.58n/a19
Jun ’26n/a
CHF 51.70
0%
12.62%CHF 72.89CHF 42.78n/a19
May ’26n/a
CHF 52.09
0%
12.75%CHF 73.49CHF 43.14n/a19
Apr ’26n/a
CHF 47.29
0%
10.26%CHF 57.83CHF 39.78n/a16
Mar ’26n/a
CHF 47.25
0%
11.09%CHF 58.84CHF 40.47n/a18
Feb ’26n/a
CHF 48.02
0%
12.22%CHF 64.67CHF 40.84n/a18
Jan ’26n/a
CHF 48.34
0%
11.84%CHF 63.64CHF 40.19CHF 79.7517
Dec ’25n/a
CHF 49.04
0%
13.13%CHF 64.04CHF 39.62n/a18
Nov ’25n/a
CHF 49.78
0%
12.61%CHF 62.81CHF 38.86n/a18
Oct ’25n/a
CHF 48.64
0%
12.14%CHF 57.16CHF 38.08n/a17
Sep ’25n/a
CHF 45.85
0%
10.59%CHF 52.62CHF 33.03n/a19
Aug ’25CHF 40.00
CHF 46.21
+15.54%
10.70%CHF 53.89CHF 33.83n/a20
Jul ’25CHF 40.00
CHF 44.45
+11.12%
9.53%CHF 52.13CHF 34.41n/a20
Jun ’25CHF 40.00
CHF 43.71
+9.28%
9.20%CHF 49.33CHF 34.98n/a20
May ’25CHF 40.00
CHF 42.77
+6.92%
9.33%CHF 49.63CHF 35.19n/a21
Apr ’25CHF 40.00
CHF 40.87
+2.18%
14.68%CHF 54.28CHF 30.14n/a21
Mar ’25CHF 40.00
CHF 40.71
+1.78%
13.29%CHF 52.72CHF 31.63n/a20
Feb ’25CHF 40.00
CHF 42.08
+5.21%
11.42%CHF 51.46CHF 33.45n/a20
Jan ’25CHF 40.00
CHF 42.25
+5.62%
13.68%CHF 52.91CHF 32.78n/a20
CHF 86.27
Fair Value
7.6% undervalued intrinsic discount
20
Number of Analysts

Analyst Forecast: Target price is less than 20% higher than the current share price.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/01/03 10:23
End of Day Share Price 2025/12/30 00:00
Earnings2025/09/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Newmont Corporation is covered by 65 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David ColemanArgus Research Company
Farooq HamedBarclays
Josh KannourakisBarrenjoey Markets Pty Limited