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STOCK COMPARISON

Freeport-McMoran Copper & Gold vs Newmont: Fair Value & Quality

Both stocks run through our valuation models. Here is how Freeport-McMoran Copper & Gold (FCX) and Newmont (NEM) compare, as of Sep 4, 2026.

As of Sep 4, 2026, Fair Value Calculator sees Newmont as the less overvalued of the two: Freeport-McMoran Copper & Gold trades at $72.56 versus a fair value of $22.81 (-69%), while Newmont trades at A$178 versus A$162 (-9%).
Freeport-McMoran Copper & Gold
FCX · USD · Materials
-69%
upside to fair value
overvalued
Price$72.56
Fair Value$22.81
Quality53/100
Newmont
NEM.AU · AUD · Materials
-9%
upside to fair value
fairly valued
PriceA$178
Fair ValueA$162
Quality71/100
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Head-to-head numbers

Green value = the better side for that row (for valuation multiples: lower = cheaper).

Freeport-McMoran Copper & GoldNewmont
Valuation
31.5×P/E (TTM)11.6×
3.29×P/S (TTM)4.01×
4.60×P/B2.95×
9.6×EV/EBITDA6.0×
3.87×PEG2.63×
−68.6%Fair value upside−9.1%
0.8%Dividend yield0.6%
$0.60Dividend per shareA$1.02
Profitability
31%Operating margin61%
1.79×EBIT margin trend (5Y)1.76×
16%Return on equity26%
8%Return on assets15%
Growth
9%Revenue growth (YoY)46%
3.3%Avg. growth/yr (3Y)25.3%
13.2%Avg. growth/yr (5Y)15.3%
+6.6%Value creation/yr+14.3%
Balance & size
17.0×Interest coverage (EBIT/interest)46.9×
0.53×Debt / equity0.15×
$87BMarket cap$100B
mixedGrowth qualityhealthy

Newmont leads: 3 to 13 metric wins.

Dash = not meaningfully computable, for example with negative equity.

Quality in detail

The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.

Freeport-McMoran Copper & Goldof which business quality 53 · market factors 64 Newmontof which business quality 70 · market factors 73
ProfitabilityMargins and returns on capital today
35
63
Quality GrowthAre margins and returns improving?
31
98
CashflowEarnings quality: real cash, not paper profit
52
81
Fin. StrengthBalance sheet, leverage, solvency risk
65
85
InvestmentDisciplined investing over empire-building
53
22
Low VolatilityCalm price path (market factor)
26
63
MomentumPrice trend over the last 3–12 months (market factor)
69
69
52W MomentumDistance to the 52-week high (market factor)
99
92
Net IssuanceBuybacks instead of dilution
83
50

What the models say

How far the median fair value (base case) per model family sits from the current price, in percent. The amount in the currency of the trading venue is shown underneath.

above the price, more than 15% above close to the price, 85% to 115% of the price below the price, more than 15% below

Model familyFreeport-McMoran Copper & GoldPrice $72.56NewmontPrice A$178
DCF Models-69%below the price$22.39+10%close to the priceA$197
Earnings-Based-72%below the price$20.68-13%close to the priceA$155
Dividend Discount-85%below the price$10.59n/a
Multiples-64%below the price$26.06-41%below the priceA$106
Asset-Based-88%below the price$8.81-88%below the priceA$21.27
Growth DCF-77%below the price$16.95-16%below the priceA$150
Economic Profit-66%below the price$24.45-51%below the priceA$86.58
Growth Earnings-69%below the price$22.81+6%close to the priceA$189
Minimum-88%below the price$8.81-88%below the priceA$21.27
Maximum-64%below the price$26.06+10%close to the priceA$197
Median-70%below the price$21.53-16%below the priceA$150
Geometric mean-75%below the price$17.92-40%below the priceA$108

Minimum, maximum, median and geometric mean refer to the family values in this table. Geometric because deviations are ratios: half the price and twice the price average to 100%, not 125%.

Freeport-McMoran Copper & Gold: 25 of 25 models see the stock below the current price.

Newmont: 15 of 24 models see the stock below the current price.

Scenario ranges

From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.

Freeport-McMoran Copper & Gold
Bear $11.69Fair Value $22.81Bull $32.58
$72.56 = current price (white tick)
Newmont
Bear A$122Fair Value A$162Bull A$340
A$178 = current price (white tick)

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Ranked within their sector

Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.

Freeport-McMoran Copper & Gold · Materials

Quality score53 · above median
Fair value upside-69% · bottom 25%

Newmont · Materials

Quality score71 · Top 25%
Fair value upside-9% · above median

Bottom line

As of Sep 4, 2026, Fair Value Calculator sees Newmont as the less overvalued of the two: Freeport-McMoran Copper & Gold trades at $72.56 versus a fair value of $22.81 (-69%), while Newmont trades at A$178 versus A$162 (-9%).

Newmont has the higher quality score (71/100).

See the full analysis →
Freeport-McMoran Copper & Gold · Newmont

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A model-based valuation snapshot from 26 models. Values change with price and fundamentals; the date shown above applies.