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Newmont Corp.
NEMMaterialsGenerated Aug 19, 2026, 11:15 PM UTC
NEM (Newmont Corp.) analytical snapshot. Revenue grew +21.3% YoY to $22.67B. 5-year revenue CAGR +13.2%; 10y CAGR +14.5%. Net margin at 31.25% (expanding ▲). Market cap $131.80B at $125.08 per share. Trailing P/E 19.57, P/S 5.81, P/B 3.74. EV/Operating income ≈ 18.05 (EV $127.87B). Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score 29 (data confidence 83%). Descriptive analytics from public filings — not investment advice.
Market cap
$131.80B
1.05B shares
Price
$125.08
NYQ
P/E (ttm)
19.57
Revenue (FY)
$22.67B
YoY +21.3%
Net margin
31.25%
▲ 34.85pp
Free cash flow
$7.30B
32.20% margin
Risk level
Moderate
Free SEC analysis
— computed from SEC filings, free to readFree previewRegulatory Analyst
Filings & Ownership
Regulatory Analyst
score -10Stable
80% conf
Latest annual report (10-K) filed Feb 19, 2026. Latest quarterly report (10-Q) filed Jul 23, 2026. 9 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Feb 19, 2026.
- Latest quarterly report (10-Q) filed Jul 23, 2026.
- 9 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 3 sell transactions — net selling $2.3M.
- ~10,000+ recent 13F-HR filings reference Newmont Corp.; broad institutional reporting.
- Recent filers include Axiom Investment Management LLC, U S GLOBAL INVESTORS INC (GROW), Axiom Investment Management LLC.
- 16 recent 13G passive institutional ownership notices.
Latest 10-K
Feb 19, 2026
Annual report
Latest 10-Q
Jul 23, 2026
8-K (recent)
9
Insider net
-$2.3M
0B/3S
13F filers
10k+
Activist 13D
0
Recent 13F institutional filers (SEC EDGAR full-text)
| Filer | Form | Filed |
|---|---|---|
| Axiom Investment Management LLC | 13F-HR | Aug 15, 2022 |
| U S GLOBAL INVESTORS INC (GROW) | 13F-HR | Aug 14, 2020 |
| Axiom Investment Management LLC | 13F-HR | Feb 14, 2023 |
| U S GLOBAL INVESTORS INC (GROW) | 13F-HR | Nov 13, 2020 |
| VIMA LLC | 13F-HR | May 17, 2024 |
Recent insider Form 4 activity
| Insider | Date | Net | Buys/Sells |
|---|---|---|---|
| Tabolt Brian | Aug 7, 2026 | -$1.2M | 0/1 |
| Viljoen Natascha | Aug 7, 2026 | -$807.5K | 0/1 |
| Toth Peter | Aug 5, 2026 | -$280.4K | 0/1 |
Recent 8-K material events
| Date | Form | Description |
|---|---|---|
| Aug 13, 2026 | 8-K | FORM 8-K |
| Jul 23, 2026 | 8-K | 8-K |
| Jun 15, 2026 | 8-K | FORM 8-K |
| May 13, 2026 | 8-K | FORM 8-K |
| Apr 28, 2026 | 8-K | FORM 8-K |
| Apr 23, 2026 | 8-K | 8-K |
| Feb 19, 2026 | 8-K | 8-K |
| Oct 23, 2025 | 8-K | 8-K |
Insider Form 4 sentiment (transactions)
Buys: 0
Sells: 3
Buys
Sells
Free previewSEC Filing Analyst
SEC Filing Deep-Analysis
SEC Filing Analyst
score -42Deteriorating
70% conf
3 risk signal(s), 1 positive signal(s) detected from XBRL filing diff analysis. 3 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- NEW: Going concern doubt in latest filing: The term "going concern" "substantial doubt" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
- NEW: Substantial doubt about ability to continue in latest filing: The term "substantial doubt" "ability to continue" appears in recent 10-K/10-Q filings but was NOT present in the prior 24-month period. This is a new risk disclosure that warrants attention. Found in 1 filing(s).
- Restatement of financial statements: The term "restatement of" "previously issued" appears in 2 recent filing(s) (vs 1 in the prior period). This risk language is ongoing.
- Operating cash flow exceeds net income: OCF is 1.46x net income, indicating high earnings quality — cash conversion is strong and accruals are not inflating reported profits.
- Endogenous analysis: 3 risk signal(s) detected versus 1 positive signal(s). The balance of evidence suggests elevated filing-specific risk that warrants monitoring in subsequent filings.
- 20 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 2 new risk-language term(s) detected in filing text: Going concern doubt, Substantial doubt about ability to continue.
- Ongoing high-severity risk language: Restatement of financial statements.
Revenue
$22.67B
+21.3% YoY
Gross profit
$780.0M
+9.7% YoY
Operating income
$7.08B
+116.0% YoY
Net income
$7.08B
+111.6% YoY
Operating cash flow
$10.33B
+62.4% YoY
Capex
$3.04B
-10.8% YoY
Total assets
$57.12B
+1.4% YoY
Total liabilities
$23.08B
-12.0% YoY
Filing quality score
80/100
20 new disclosures
SEC XBRL metric changes (latest annual vs prior)
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $18.68B | $22.67B | $3.99B | +21.3% |
| Gross profit | $711.0M | $780.0M | $69.0M | +9.7% |
| Operating income | $3.28B | $7.08B | $3.81B | +116.0% |
| Net income | $3.35B | $7.08B | $3.74B | +111.6% |
| Operating cash flow | $6.36B | $10.33B | $3.97B | +62.4% |
| Capex | $3.40B | $3.04B | $-367.0M | -10.8% |
| Total assets | $56.35B | $57.12B | $772.0M | +1.4% |
| Total liabilities | $26.24B | $23.08B | $-3.16B | -12.0% |
| Long-term debt | $8.48B | $5.12B | $-3.36B | -39.7% |
| Cash & equivalents | $3.62B | $7.65B | $4.03B | +111.3% |
| Stockholders equity | $29.93B | $33.87B | $3.94B | +13.2% |
| Inventory | $717.0M | $700.0M | $-17.0M | -2.4% |
| Accounts receivable | $1.06B | $1.07B | $11.0M | +1.0% |
| R&D expense | $197.0M | $166.0M | $-31.0M | -15.7% |
| Interest expense | $244.0M | $249.0M | $5.0M | +2.0% |
XBRL disclosure changes (new vs dropped concepts)
| Type | Concepts |
|---|---|
| Added | AccountsReceivableFairValueDisclosure, AssetRetirementObligationLegallyRestrictedAssetsFairValue, AssetRetirementObligationLiabilitiesSettled, AssetsFairValueDisclosure, CashAndCashEquivalentsFairValueDisclosure, DebtInstrumentFairValue, DerivativeFairValueOfDerivativeAsset, DerivativeFairValueOfDerivativeLiability, EquityMethodInvestments, EquityMethodInvestmentsFairValueDisclosure |
| Removed | AccretionExpenseIncludingAssetRetirementObligations, AccrualForEnvironmentalLossContingenciesChargesToExpenseForNewLosses, AccruedPayrollTaxesCurrent, AllocatedShareBasedCompensationExpense, AociLossCashFlowHedgeCumulativeGainLossAfterTax, AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent, BusinessCombinationContingentConsiderationAsset, BusinessCombinationContingentConsiderationLiability, CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations, CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations |
Risk language in filing text (EDGAR full-text search)
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Going concern doubt | high | 1 | 0 | NEW |
| Substantial doubt about ability to continue | high | 1 | 0 | NEW |
| Restatement of financial statements | high | 2 | 1 | Ongoing |
| Impairment charge | medium | 5 | 8 | Ongoing |
| Restructuring | medium | 5 | 9 | Ongoing |
| Off-balance sheet arrangements | medium | 5 | 2 | Ongoing |
| Related party transactions | low | 5 | 1 | Ongoing |
Filing signal breakdown
Red flags: 3
Positive: 1
Watch: 0
Red flags
Positive
Watch
Free previewFundamentals Analyst
Fundamentals
Fundamentals Analyst
score 95Improving
80% conf
Revenue grew +21.3% YoY to $22.67B. 5-year revenue CAGR +13.2%; 10y CAGR +14.5%. Net margin at 31.25% (expanding ▲).
- Revenue grew +21.3% YoY to $22.67B.
- 5-year revenue CAGR +13.2%; 10y CAGR +14.5%.
- Net margin at 31.25% (expanding ▲).
- Return on equity 20.92%, ROA 12.40%, ROIC 18.18%.
- Gross margin 0.00%, operating margin 31.25%.
- Free cash flow margin 32.20% ($7.30B).
- Net income up ▲ +111.6% YoY.
- Debt/equity 0.14, current ratio 2.55, net debt -$3.93B.
- Asset turnover 0.39 — capital efficiency.
Revenue (FY)
$22.67B
YoY +21.3%
Net margin
31.25%
▲ 34.85pp
ROE
20.92%
ROA 12.40%
ROIC
18.18%
EPS (diluted)
$6.39
FY2025
Free cash flow
$7.30B
32.20% margin
Debt / equity
0.14
Cash $9.01B
Current ratio
2.55
Equity $35.24B
Annual fundamentals — up to 10 years (SEC 10-K, US-GAAP)
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $18.68B | +58.2% | 0.00 | 17.56 | 17.92 | $2.96B | 11.19 |
| 2025 | $22.67B | +21.3% | 0.00 | 31.25 | 31.25 | $7.30B | 20.92 |
Sources:SEC EDGAR — Company Facts (XBRL)
+8 more years of history, charts & full breakdown Pro
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Valuation Analyst
score 20Improving
95% conf
Market cap $131.80B at $125.08 per share. Trailing P/E 19.57, P/S 5.81, P/B 3.74. EV/Operating income ≈ 18.05 (EV $127.87B).
- Market cap $131.80B at $125.08 per share.
Market cap
$131.80B
1.05B shares
P/E (ttm)
19.57
P/S
5.81
P/B
3.74
EV
$127.87B
Intrinsic (DCF)
$133.89
+7.0% vs price
ProFull breakdown & reasoning locked
Price & Technicals
Technical Analyst
score 50Improving
85% conf
Price $125.08 — uptrend (above 200-DMA); 1-month momentum positive. RSI(14) 79.60 (overbought).
- Price $125.08 — uptrend (above 200-DMA); 1-month momentum positive.
Price
$125.08
NYQ
RSI(14)
79.60
50-DMA
$100.18
200-DMA
$105.87
Volatility (ann.)
49.69%
52w range
$67.69–$134.88
-7.3% from high
ProFull breakdown & reasoning locked
Macro & Rates
Macro Analyst
score 30Improving
80% conf
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.71%.
- Market regime: Risk-on · Supportive.
GDP growth
1.50%
CPI (YoY)
+3.3%
Fed funds
3.63%
10Y yield
4.71%
10Y−2Y
0.46pp
Unemployment
4.10%
ProFull breakdown & reasoning locked
Risk Scorecard
Risk Analyst
score 0Stable
90% conf
Composite risk Moderate. Leverage debt/equity 0.14 (low). Liquidity current ratio 2.55 (adequate).
- Composite risk: Moderate.
Risk level
Moderate
Debt / equity
0.14
Current ratio
2.55
Margin stdev
16.16pp
Cash / assets
15.63%
Liab / assets
38.56%
ProFull breakdown & reasoning locked
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Macro exposure
Cyclical / growth · High sensitivityMacro regime: Risk-on · Supportive. Newmont Corp. is a cyclical / growth name (high macro sensitivity) — risk appetite favors cyclical/growth names.
Macro regime
Risk-on · Supportive
Yield curve
Normal
VIX
15.84
Fed funds
3.63%
CPI YoY
+3.3%
Analytical read
deterministic previewRevenue grew **+21.3%** YoY to $22.67B..
Risk
Moderate
Macro regime
Risk-on · Supportive
Macro exposure
Supportive
Descriptive analytics from public filings and macro data — not investment advice.
Peer comparison
Cyclical / growth groupHow NEM stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| CF Industries CF | 33 | Supportive |
| MercadoLibre Inc. MELI | 32 | Supportive |
| Booking Holdings BKNG | 32 | Supportive |
| Uber Technologies UBER | 32 | Supportive |
| Shopify Inc. SHOP | 30 | Supportive |
| Newmont Corp. NEM● you | 29 | Supportive |
| Alphabet Inc. GOOGL | 29 | Supportive |
| Intuit Inc. INTU | 28 | Supportive |
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