Newmont Corporation

SWX:NEM Stock Report

Market Cap: CHF 91.5b

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 Future Cash Flow Value

  • Significantly Below Future Cash Flow Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Future Cash Flow 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.

Ultimate guide to DCF valuation for stock investing

Learn how to determine fair value like the best investors in the world.

Below Future Cash Flow Value: NEM (CHF86.01) is trading below our estimate of future cash flow value (CHF131.81)

Significantly Below Future Cash Flow Value: NEM is trading below future cash flow 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 Ratio13.9x
EarningsUS$8.46b
Market CapUS$117.23b

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 Average43.2x
HOLN Holcim
108.3x25.52%CHF 42.8b
GIVN Givaudan
24.5x5.42%CHF 26.8b
AEM Agnico Eagle Mines
17.1x-0.45%US$91.6b
SIKA Sika
22.9x9.00%CHF 24.6b
NEM Newmont
13.9x9.99%CHF 117.2b

Price-To-Earnings vs Peers: NEM is good value based on its Price-To-Earnings Ratio (13.9x) compared to the peer average (43.9x).

Historical Price to Earnings Ratio

Historical Price to Earnings Ratio compares a stock's price to its earnings over time. Higher ratios indicate that investors are willing to pay more for the stock.

Fetching historical data

Price to Earnings Ratio vs Industry

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

20 CompaniesPrice / EarningsEstimated GrowthMarket Cap
NEM 13.9xIndustry Avg. 19.4xNo. of Companies20PE01224364860+
20 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: NEM is good value based on its Price-To-Earnings Ratio (13.9x) compared to the European Metals and Mining industry average (19.4x).

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 Ratio13.9x
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 86.01
CHF 111.46
+29.59%
16.44%CHF 136.58CHF 56.19n/a21
May ’27CHF 85.96
CHF 112.53
+30.91%
17.02%CHF 137.53CHF 56.26n/a20
Apr ’27CHF 90.25
CHF 111.12
+23.13%
17.97%CHF 140.67CHF 55.63n/a20
Mar ’27CHF 99.79
CHF 104.77
+4.99%
17.95%CHF 136.07CHF 53.81n/a20
Feb ’27CHF 90.86
CHF 97.10
+6.87%
17.31%CHF 131.80CHF 54.11n/a20
Jan ’27CHF 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 42.78CHF 86.0119
May ’26n/a
CHF 52.09
0%
12.75%CHF 73.49CHF 43.14CHF 85.9619
Apr ’26n/a
CHF 47.29
0%
10.26%CHF 57.83CHF 39.78CHF 90.2516
Mar ’26n/a
CHF 47.25
0%
11.09%CHF 58.84CHF 40.47CHF 99.7918
Feb ’26n/a
CHF 48.19
0%
12.22%CHF 64.90CHF 40.98CHF 90.8618
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 45.30
0%
10.59%CHF 52.00CHF 32.64n/a19
Aug ’25CHF 40.00
CHF 46.24
+15.60%
10.70%CHF 53.92CHF 33.85n/a20
Jul ’25CHF 40.00
CHF 44.42
+11.06%
9.53%CHF 52.10CHF 34.40n/a20
Jun ’25CHF 40.00
CHF 43.17
+7.93%
9.20%CHF 48.72CHF 34.55n/a20
CHF 111.86
Fair Value
23.1% undervalued intrinsic discount
21
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/01 18:49
End of Day Share Price 2026/05/29 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

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 60 analysts. 16 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
Richard GarchitorenaBarclays