Newmont Corporation (NMM) Fair Value & Analysis
Basic Materials · DE · Market cap €87.8B · ISIN US6516391066
What is Newmont Corporation really worth?
A solid business, but trading 14% above our fair value of €97.09.
As of Sep 6, 2026, the fair value of Newmont Corporation is €97.09 per share against a price of €110.50, so the fair value sits 12% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
For context
Fair value as of: Sep 6, 2026
From 26 valuation models · updated today
Fair value updated Sep 6, 2026, revised from €112.83 to €97.09 (−14.0%) since Aug 13, 2026. Share price +21.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits in the upper half of our model range, so the margin of safety is thin.
- The data supports the verdict: every model runs on fully documented inputs.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 6, 2026.
How to read this chart
60‑month range €26.34 – €114.48 · fair‑value band €72.82 – €121.36 · the €110.50 price screens above the €97.09 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 6, 2026.
Analysis
Newmont Corporation (NMM) currently trades at €110.50, while our model-based Fair Value estimate is €97.09, implying the stock looks roughly 13.8% overvalued today. The Quality Score stands at 70/100 (solid quality), in the Basic Materials sector. Bull case: the DCF Models group reads highest at a median of €141.29 per share, and 11 of the 26 models we run sit above the €110.50 price. Bear case: the Dividend Discount group reads lowest at €16.68, and 15 of the 26 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Newmont Corporation generated revenue of €25.0B at a net margin of 33.9%. Revenue grew 45.8% year over year. It earns a return on equity of 25.8%. The balance sheet holds a net cash position of €2.1B. Fundamentals as of Sep 6, 2026
Our scenario range runs from €72.82 (bear case) to €121.36 (bull case); at €110.50, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 4% below its 52-week high and 144% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at −21% fair-value upside, at −12%, NMM screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly €3.92 per share, which is 6.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 26 models by family
Widest divergence: DCF Models (€141.29) versus Dividend Discount (€16.68). Highest evidence: FCF DCF (78).
Notify me when NMM reaches fair value
Put NMM on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Free, no payment details. Unsubscribe anytime in one click.
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 6, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 69 · Market factors (momentum, volatility) 78
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Newmont Corporation operates as a gold producer. It also explores for copper, silver, lead, zinc, and other metals. It has operations and/or assets in the United States, Papua New Guinea, Australia, Ghana, Suriname, Argentina, Dominican Republic, Chile, Peru, Ecuador, Mexico, and Canada.
Full company description
Newmont Corporation operates as a gold producer. It also explores for copper, silver, lead, zinc, and other metals. It has operations and/or assets in the United States, Papua New Guinea, Australia, Ghana, Suriname, Argentina, Dominican Republic, Chile, Peru, Ecuador, Mexico, and Canada. The company was founded in 1916 and is headquartered in Denver, Colorado.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Newmont Corporation reported revenue of $22.7B in FY2025 versus $12.2B in FY2021, a compound +16.7%/yr. Reported net income was $7.1B in FY2025, compounding +57.0%/yr from FY2021.
of which total revenue +12.4 % · buybacks/dilution −7.7 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
NMM screens 14% overvalued. Compare with Zijin Mining Group →
Strength profile in five axes (Snowflake)
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 66/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Gold stocks, each showing price versus our Fair Value estimate (as of Sep 6, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Zijin Mining Group 601899 | ¥32.21 | ¥39.42 | +22% |
| Agnico Eagle Mines Limited AEM | C$268.76 | C$213.40 | −21% |
| Barrick Mining Corporation B | $41.23 | $50.66 | +23% |
| Franco-Nevada Corporation FNV | $266.18 | $96.63 | −64% |
| Wheaton Precious Metals Corp WPM | C$201.40 | C$56.05 | −72% |
| AngloGold Ashanti plc AU | $97.92 | $88.63 | −9% |
| Kinross Gold Corporation KGC | $30.87 | $34.62 | +12% |
| Royal Gold, Inc RGLD | $262.85 | $93.56 | −64% |
| Northern Star Resources Limited NST | A$23.19 | A$15.98 | −31% |
| Lundin Gold Inc LUG | kr 708.00 | kr 504.76 | −29% |
Compare Newmont Corporation with another stock
Price, fair value, quality and upside side by side.
Explore undervalued stocks
More undervalued Basic Materials stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is Newmont Corporation (NMM) overvalued or undervalued?
What is the fair value of NMM?
What is the quality score of NMM?
What is the price target for Newmont Corporation (NMM)?
What is the Newmont Corporation stock forecast for 2026?
What is the revenue of Newmont Corporation (NMM)?
What is the net profit margin of NMM?
Does Newmont Corporation pay a dividend?
Watch Newmont Corporation in the live analysis
One click puts Newmont Corporation on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.