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Newmont Corporation Registered Shs CHESS (AU:NEM)
ASX:NEM
Australian Market
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Newmont Corporation CHESS (NEM) AI Stock Analysis

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AU:NEM

Newmont Corporation CHESS

(Sydney:NEM)

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Outperform 79 (OpenAI - 4o)
Rating:79Outperform
Price Target:
AU$152.00
▲(12.87% Upside)
Newmont Corporation's strong financial performance and positive earnings call are the most significant factors contributing to its high score. The stock's technical indicators suggest a strong trend but caution due to overbought signals. Valuation is reasonable, though not a standout feature. Overall, Newmont is well-positioned in the gold industry with a solid financial foundation and strategic operational management.

Newmont Corporation CHESS (NEM) vs. iShares MSCI Australia ETF (EWA)

Newmont Corporation CHESS Business Overview & Revenue Model

Company DescriptionNewmont Corporation is a leading gold mining company based in the United States, recognized as one of the largest producers of gold in the world. The company operates in various sectors of the mining industry, with a strong focus on gold, copper, and other precious metals. Newmont engages in the exploration, mining, and production of gold and provides related services, leveraging advanced technology and sustainable practices to ensure efficient operations across its global portfolio of mines.
How the Company Makes MoneyNewmont Corporation generates revenue primarily through the extraction and sale of gold, which constitutes a significant portion of its income. The company operates several mines across North America, South America, Australia, and Africa, producing gold and copper, among other minerals. Key revenue streams include gold sales, which are influenced by market prices and demand for the metal, as well as copper and other by-product sales. Additionally, Newmont engages in hedging strategies to manage price fluctuations and ensure financial stability. The company also benefits from strategic partnerships and joint ventures that expand its operational reach and resource base, contributing positively to its earnings. Factors such as production efficiency, operational cost management, and global economic conditions also play a crucial role in shaping its financial performance.

Newmont Corporation CHESS Earnings Call Summary

Earnings Call Date:Oct 23, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Feb 19, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong financial performance, effective cost management, and strategic asset divestments that strengthened the balance sheet. However, challenges in specific operations and potential cost pressures were noted. Overall, the positive highlights, particularly the record cash flow and successful asset management, outweigh the lowlights.
Q3-2025 Updates
Positive Updates
Record Cash Flow and Financial Performance
Generated record third-quarter cash flow of $1.6 billion and achieved an all-time annual record of $4.5 billion with one quarter remaining. Adjusted EBITDA and adjusted net income increased by 20% from the second quarter and more than doubled last year's results.
Successful Asset Divestment Program
Received $640 million in net cash proceeds from equity and asset sales, marking successful completion of the asset divestment program.
Cost Discipline and Productivity Improvements
Improved 2025 guidance for several cost metrics while maintaining production and unit cost outlook. Reduced absolute cost guidance for G&A, Exploration, and Advanced Projects by approximately 15%.
Strengthened Balance Sheet
Ended the quarter in a near 0 debt position, retired $2 billion of debt, and received a credit rating upgrade from Moody's to A3 with a stable outlook.
Ahafo North Commercial Production
Declared commercial production at the new Ahafo North mine, expanding the footprint in Ghana and adding profitable gold production over an initial 13-year mine life.
Negative Updates
Operational Challenges at Specific Mines
Faced lower gold production at Peñasquito and Cadia due to planned mine sequences and transitions, impacting overall production expectations for 2026.
Potential Cost Pressure from External Factors
Ongoing risk of increased costs from profit sharing, royalties, and production taxes in a high gold price environment, potentially offsetting cost saving initiatives.
Company Guidance
During Newmont's Third Quarter 2025 Earnings Call, the company provided several key metrics and updates on its financial and operational performance. Newmont reported a record $1.6 billion in cash flow for the quarter, contributing to an all-time annual record of $4.5 billion, with one quarter remaining. The company also successfully retired $2 billion in debt, leading to a near-zero net debt position, and received a credit rating upgrade to A3 with a stable outlook from Moody’s. Additionally, Newmont generated $3.3 billion in adjusted EBITDA and $1.71 per share in adjusted net income, reflecting a 20% increase from the previous quarter. On the operational front, the company achieved commercial production at its Ahafo North mine in Ghana and made significant progress on other projects such as the expansion at Tanami and underground development at Cadia. Newmont's capital allocation strategy remains focused on maintaining a strong balance sheet, reinvesting in the business, and returning capital to shareholders, with $823 million returned through dividends and share repurchases since the last earnings call. Looking ahead, the company expects to maintain its production guidance while managing costs effectively, even as it navigates a high gold price environment.

Newmont Corporation CHESS Financial Statement Overview

Summary
Newmont Corporation demonstrates strong financial health with robust profitability, efficient cash flow management, and a solid balance sheet. The company shows consistent growth and operational efficiency, though historical volatility in revenue and net income growth suggests potential risks.
Income Statement
85
Very Positive
Newmont Corporation shows strong financial performance with a consistent revenue growth rate of 4.65% in TTM, and impressive margins: Gross Profit Margin at 41.23%, Net Profit Margin at 54.95%, EBIT Margin at 58.62%, and EBITDA Margin at 75.79%. These metrics highlight robust profitability and operational efficiency. However, past fluctuations in net income and revenue growth indicate potential volatility.
Balance Sheet
78
Positive
The company's balance sheet is stable with a low Debt-to-Equity Ratio of 0.0147 in TTM, indicating low leverage. Return on Equity is strong at 27.36%, reflecting effective use of equity to generate profits. The Equity Ratio is healthy, suggesting a solid capital structure. Historical data shows improvement in equity and asset management.
Cash Flow
80
Positive
Cash flow analysis reveals a positive trajectory with a Free Cash Flow Growth Rate of 25.52% in TTM. The Operating Cash Flow to Net Income Ratio is 1.84, indicating strong cash generation relative to net income. The Free Cash Flow to Net Income Ratio of 0.80 suggests efficient conversion of profits into cash. Historical fluctuations in free cash flow growth highlight potential risks.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue20.58B18.68B11.81B11.91B12.22B11.50B
Gross Profit9.24B7.14B3.00B3.26B4.46B4.18B
EBITDA11.56B7.53B320.00M3.88B4.33B5.75B
Net Income6.28B3.35B-2.49B-429.00M1.17B2.83B
Balance Sheet
Total Assets55.16B56.35B55.51B38.48B40.56B41.37B
Cash, Cash Equivalents and Short-Term Investments6.65B3.64B3.02B3.76B5.07B5.83B
Total Debt7.61B8.97B9.44B6.13B6.30B6.70B
Total Liabilities22.88B26.24B26.30B18.95B18.70B17.49B
Stockholders Equity32.11B29.93B29.03B19.35B22.02B23.01B
Cash Flow
Free Cash Flow5.32B2.96B97.00M1.09B2.63B3.58B
Operating Cash Flow8.57B6.36B2.76B3.22B4.28B4.88B
Investing Cash Flow154.00M-2.70B-1.00B-2.98B-1.87B91.00M
Financing Cash Flow-5.40B-2.95B-1.60B-2.36B-2.96B-1.68B

Newmont Corporation CHESS Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price134.67
Price Trends
50DMA
130.03
Negative
100DMA
116.27
Positive
200DMA
97.63
Positive
Market Momentum
MACD
1.10
Positive
RSI
44.99
Neutral
STOCH
28.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NEM, the sentiment is Neutral. The current price of 134.67 is above the 20-day moving average (MA) of 128.81, above the 50-day MA of 130.03, and above the 200-day MA of 97.63, indicating a neutral trend. The MACD of 1.10 indicates Positive momentum. The RSI at 44.99 is Neutral, neither overbought nor oversold. The STOCH value of 28.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:NEM.

Newmont Corporation CHESS Risk Analysis

Newmont Corporation CHESS disclosed 52 risk factors in its most recent earnings report. Newmont Corporation CHESS reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Newmont Corporation CHESS Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
AU$133.14B12.3020.82%1.21%29.25%
78
Outperform
C$6.35B11.2621.17%1.39%23.35%15.96%
77
Outperform
$22.42B23.7419.86%1.84%35.31%115.08%
76
Outperform
$36.59B22.7211.04%2.16%30.35%102.55%
76
Outperform
$6.52B8.2428.58%2.27%36.34%110.55%
76
Outperform
AU$7.05B31.5319.70%109.79%158.18%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:NEM
Newmont Corporation CHESS
126.43
62.95
99.17%
AU:PRU
Perseus Mining
5.19
2.61
101.40%
AU:NST
Northern Star Resources Ltd
25.50
8.40
49.13%
AU:EVN
Evolution Mining
10.89
6.00
122.61%
AU:RMS
Ramelius Resources Limited
3.39
1.38
68.41%
AU:GMD
Genesis Minerals Limited
6.17
3.69
148.79%

Newmont Corporation CHESS Corporate Events

Newmont Corporation Adjusts Securities Issuance in October 2025
Nov 5, 2025

Newmont Corporation announced a decrease in the number of CHESS Depositary Interests (CDIs) issued over quoted securities from 100,503,422 in the previous month to 95,197,104 in October 2025, reflecting a net transfer of securities between CDIs and common stock. Additionally, the total number of common stock securities increased due to transfers from CDIs and stock compensation plans. This adjustment in securities issuance could impact the company’s market positioning and shareholder value, as it reflects strategic financial maneuvers.

The most recent analyst rating on (AU:NEM) stock is a Buy with a A$160.00 price target. To see the full list of analyst forecasts on Newmont Corporation CHESS stock, see the AU:NEM Stock Forecast page.

Newmont Begins Commercial Production at Ahafo North Project
Oct 26, 2025

Newmont Corporation has announced the commencement of commercial production at its Ahafo North Project in Ghana. This development is expected to enhance Newmont’s operational capabilities and strengthen its market position in the gold mining industry, potentially benefiting stakeholders through increased production and revenue growth.

The most recent analyst rating on (AU:NEM) stock is a Buy with a A$152.00 price target. To see the full list of analyst forecasts on Newmont Corporation CHESS stock, see the AU:NEM Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Newmont Corporation Reports Strong Q3 2025 Results and Updates Guidance
Positive
Oct 23, 2025

Newmont Corporation announced strong third-quarter results for 2025, reporting a net income of $1.8 billion and an adjusted net income of $1.9 billion. The company produced approximately 1.4 million gold ounces and generated a record $1.6 billion in free cash flow for the quarter. Newmont has improved its 2025 cost and capital guidance, maintaining its production outlook despite a rising gold price environment. CEO Tom Palmer expressed confidence in the company’s future under the incoming leadership of Natascha Viljoen.

The most recent analyst rating on (AU:NEM) stock is a Buy with a A$166.00 price target. To see the full list of analyst forecasts on Newmont Corporation CHESS stock, see the AU:NEM Stock Forecast page.

Newmont Corporation Reports Decrease in CDIs
Oct 21, 2025

Newmont Corporation announced a net decrease in the number of CHESS Depositary Interests (CDIs) issued over quoted securities, with a reduction of 4,244,815 CDIs from the previous month. This change is attributed to the net transfers of securities between CDIs and common stock, as well as stock compensation plan distributions. The announcement reflects the company’s ongoing management of its securities and may impact its market positioning and stakeholder interests.

The most recent analyst rating on (AU:NEM) stock is a Hold with a A$153.00 price target. To see the full list of analyst forecasts on Newmont Corporation CHESS stock, see the AU:NEM Stock Forecast page.

Newmont Corporation to Announce Q3 2025 Financial Results
Oct 2, 2025

Newmont Corporation has announced that it will release its third quarter 2025 financial results on October 23, 2025, followed by a conference call to discuss the results. This announcement is significant as it provides stakeholders with an opportunity to gain insights into the company’s financial performance and strategic direction, potentially impacting investor confidence and market positioning.

The most recent analyst rating on (AU:NEM) stock is a Hold with a A$130.00 price target. To see the full list of analyst forecasts on Newmont Corporation CHESS stock, see the AU:NEM Stock Forecast page.

Newmont Corporation Announces Proposed Sale of Securities by Director
Oct 2, 2025

Newmont Corporation has announced a proposed sale of securities under Rule 144, with Bruce R. Brook, a director, planning to sell 2,080 shares of common stock through Fidelity Brokerage Services LLC. This transaction, scheduled for October 1, 2025, is part of a series of sales by Brook over the past three months, reflecting ongoing strategic financial management by the company and its stakeholders.

The most recent analyst rating on (AU:NEM) stock is a Hold with a A$130.00 price target. To see the full list of analyst forecasts on Newmont Corporation CHESS stock, see the AU:NEM Stock Forecast page.

Newmont Corporation Updates Dividend Distribution Details
Sep 24, 2025

Newmont Corporation has announced an update regarding its dividend distribution, specifically addressing the currency exchange rate for its CDI holders. The update also includes information on non-resident withholding tax requirements, emphasizing the need for CDI holders to certify their tax residency status to potentially benefit from lower withholding tax rates under applicable tax treaties. Additionally, the announcement outlines payment instructions for holders with registered addresses in Australia, New Zealand, and the United States, as well as procedures for those residing outside these countries.

The most recent analyst rating on (AU:NEM) stock is a Buy with a A$140.00 price target. To see the full list of analyst forecasts on Newmont Corporation CHESS stock, see the AU:NEM Stock Forecast page.

Newmont Achieves First Gold Pour at Ahafo North Project
Sep 23, 2025

Newmont Corporation has announced the first gold pour at its Ahafo North Project in Ghana, marking a significant milestone in its operations. This development is expected to enhance Newmont’s industry positioning by expanding its production capabilities in Africa, potentially benefiting stakeholders through increased output and reinforcing its commitment to sustainable and responsible mining practices.

The most recent analyst rating on (AU:NEM) stock is a Buy with a A$140.00 price target. To see the full list of analyst forecasts on Newmont Corporation CHESS stock, see the AU:NEM Stock Forecast page.

Newmont Corporation Sells Stake in Orla Mining Ltd
Sep 22, 2025

Newmont Corporation announced the sale of its shareholding in Orla Mining Ltd, a strategic move that could impact its financial positioning and stakeholder interests. This decision reflects Newmont’s ongoing efforts to optimize its asset portfolio and focus on its core operations, potentially enhancing its market position and operational efficiency.

The most recent analyst rating on (AU:NEM) stock is a Buy with a A$140.00 price target. To see the full list of analyst forecasts on Newmont Corporation CHESS stock, see the AU:NEM Stock Forecast page.

Newmont Corporation to Voluntarily Delist from Toronto Stock Exchange
Sep 10, 2025

Newmont Corporation announced its voluntary delisting from the Toronto Stock Exchange while maintaining its listings on the NYSE, ASX, and PNGX exchanges. This strategic move may impact the company’s market presence in Canada but aligns with its focus on maintaining strong positions in other key global exchanges, potentially streamlining operations and focusing investor relations efforts.

The most recent analyst rating on (AU:NEM) stock is a Buy with a A$124.00 price target. To see the full list of analyst forecasts on Newmont Corporation CHESS stock, see the AU:NEM Stock Forecast page.

Newmont Corporation Reports Changes in Securities Issuance for August 2025
Sep 4, 2025

Newmont Corporation announced a net decrease in its CHESS Depositary Interests (CDIs) issued over quoted securities for August 2025, with a reduction of 162,860 CDIs. This change is attributed to net transfers between CDIs and common stock, reflecting adjustments in the company’s securities distribution. Additionally, the total number of common stock securities decreased by 3,119,182, influenced by transfers to CDIs and stock compensation plan distributions. These movements in securities indicate ongoing adjustments in Newmont’s capital structure, potentially impacting stakeholders and market perceptions.

The most recent analyst rating on (AU:NEM) stock is a Buy with a A$124.00 price target. To see the full list of analyst forecasts on Newmont Corporation CHESS stock, see the AU:NEM Stock Forecast page.

Newmont Corporation Achieves A3 Rating Upgrade by Moody’s
Aug 28, 2025

Newmont Corporation has been upgraded to an A3 rating by Moody’s, reflecting positively on its financial stability and operational strength. This upgrade is likely to enhance Newmont’s industry positioning and could have favorable implications for its stakeholders, reinforcing its reputation as a leader in sustainable and responsible mining.

The most recent analyst rating on (AU:NEM) stock is a Buy with a A$121.00 price target. To see the full list of analyst forecasts on Newmont Corporation CHESS stock, see the AU:NEM Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 14, 2025