Newmont Corporation

SNSE:NEM Stock Report

Market Cap: US$48.9b

Newmont Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales 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 ($54.11) is trading below our estimate of fair value ($58.64)

Significantly Below Fair Value: NEM is trading below fair value, but not by a significant amount.

Key Valuation Metric

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

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

The above table shows the Price to Sales ratio for NEM. This is calculated by dividing NEM's market cap by their current revenue.
What is NEM's PS Ratio?
PS Ratio2.9x
SalesUS$16.99b
Market CapUS$48.94b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for NEM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average8.1x
2899 Zijin Mining Group
1.3x9.7%HK$451.4b
AEM Agnico Eagle Mines
5.3x3.6%US$41.2b
ABX Barrick Gold
2.5x7.7%CA$43.3b
WPM Wheaton Precious Metals
23.3x11.3%CA$39.7b
NEM Newmont
2.9x5.3%US$48.9b

Price-To-Sales vs Peers: NEM is good value based on its Price-To-Sales Ratio (2.9x) compared to the peer average (8.1x).

Price to Sales Ratio vs Industry

How does NEM's PS Ratio compare vs other companies in the South American Metals and Mining Industry?

4 CompaniesPrice / SalesEstimated GrowthMarket Cap
NEM 2.9xIndustry Avg. 0.6xNo. of Companies10PS00.61.21.82.43+
4 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: NEM is expensive based on its Price-To-Sales Ratio (2.9x) compared to the South American Metals and Mining industry average (0.6x).

Price to Sales Ratio vs Fair Ratio

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

NEM PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.9x
Fair PS Ratio2.5x

Price-To-Sales vs Fair Ratio: NEM is expensive based on its Price-To-Sales Ratio (2.9x) compared to the estimated Fair Price-To-Sales Ratio (2.5x).

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
CurrentUS$54.11
US$57.70
+6.6%
12.4%US$72.74US$45.00n/a18
Nov ’25US$54.11
US$57.65
+6.5%
12.6%US$72.74US$45.00n/a18
Oct ’25US$54.11
US$57.47
+6.2%
12.1%US$67.55US$45.00n/a17
Sep ’25US$41.77
US$53.15
+27.2%
10.6%US$61.00US$38.29n/a19
Aug ’25US$41.77
US$52.31
+25.2%
10.7%US$61.00US$38.29n/a20
Jul ’25US$41.77
US$49.45
+18.4%
9.5%US$58.00US$38.29n/a20
Jun ’25US$41.77
US$47.85
+14.6%
9.2%US$54.00US$38.29n/a20
May ’25US$41.77
US$46.53
+11.4%
9.3%US$54.00US$38.29n/a21
Apr ’25US$41.77
US$45.18
+8.2%
14.7%US$60.00US$33.31n/a21
Mar ’25US$41.77
US$46.33
+10.9%
13.3%US$60.00US$36.00n/a20
Feb ’25US$41.77
US$49.07
+17.5%
11.4%US$60.00US$39.00n/a20
Jan ’25US$41.77
US$49.51
+18.5%
13.7%US$62.00US$38.41n/a20
Dec ’24US$82.69
US$49.40
-40.3%
13.1%US$60.00US$38.41n/a19
Nov ’24US$82.69
US$49.82
-39.7%
13.1%US$60.00US$38.00US$54.1118
Oct ’24US$82.69
US$53.31
-35.5%
11.0%US$63.00US$42.00US$54.1118
Sep ’24US$82.69
US$54.03
-34.7%
11.2%US$63.00US$42.00US$41.7719
Aug ’24US$82.69
US$55.03
-33.4%
9.1%US$63.00US$44.00US$41.7719
Jul ’24US$82.69
US$57.26
-30.8%
11.3%US$67.00US$43.81US$41.7720
Jun ’24US$82.69
US$57.50
-30.5%
11.0%US$67.00US$42.62US$41.7720
May ’24US$82.69
US$57.05
-31.0%
10.6%US$67.00US$42.76US$41.7720
Apr ’24US$82.69
US$56.54
-31.6%
9.8%US$70.00US$48.00US$41.7719
Mar ’24US$82.69
US$56.75
-31.4%
8.3%US$70.00US$50.00US$41.7719
Feb ’24US$82.69
US$55.96
-32.3%
7.6%US$64.00US$46.00US$41.7719
Jan ’24US$82.69
US$53.17
-35.7%
11.5%US$64.00US$39.00US$41.7719
Dec ’23US$82.69
US$52.99
-35.9%
11.8%US$64.00US$39.00US$82.6918
Nov ’23US$82.69
US$55.14
-33.3%
16.5%US$79.52US$39.00US$82.6918

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

Discover undervalued companies

Freeport-McMoRan

US$62.6b

Engages in the mining of mineral properties in North America, South America, and Indonesia.

FCXCL

US$46,500.00

7D

0%

1Y

71.0%

Empresas CMPC

CL$3.8t

Engages in the production and sale of pulp and wood products in Chile and internationally.

CMPC

CL$1,519.00

7D

-2.3%

1Y

-12.2%

Oxiquim

CL$201.6b

Produces and sells resins for the wood board industry in Chile.

OXIQUIM

CL$8,100.10

7D

0%

1Y

26.6%