NEWMONT Corp /DE/(NEM)Stock Analysis
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Rank #5 of 2,879 stocksTOP 1%
Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
NEM Stock Analysis & AI Quality Score
AI stock analysis and institutional research for NEWMONT Corp /DE/ (NEM), a Materials sector company. 13F Pro's AI-powered ranking engine scores NEM at 88.3/100 on a 32-signal composite quality model, placing it at rank #5 of 2,879 stocks — the top 1% of the AI-ranked universe. NEM scores in the top quartile across earnings quality (96.7), profitability (94.1), balance sheet strength (93.8). Areas of concern include institutional flow (28.1), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q1 2026), NEWMONT Corp /DE/ reports quarterly revenue of $7.3B, net income of $3.3B, an operating margin of 62.7%. Top institutional holders of NEM by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. NEM trades on the NYSE exchange and files with the SEC under CIK 1164727. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NEM daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for NEWMONT Corp /DE/ directly from SEC EDGAR. NEWMONT Corp /DE/'s 13F Pro composite quality score has ranged between 8 and 89 since 2021, currently 88.3 — an improving long-term trajectory across 56 quarterly and live scoring snapshots.
What's Driving NEM's Business? Latest 10-Q Breakdown
AI-extracted from NEWMONT Corp /DE/'s 10-Q filed 2026-04-23 — Q1 2026 (quarter ended March 31, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net income surged to $3.3B on 72% higher gold sales revenue driven by $4,900/oz average realized price, up 67% YoY, while divestitures reduced operating costs.
Biggest Revenue Drivers
Total revenue: $7.3B+46% YoY
1.2B ounces sold at average realized price of $4,900/oz, up 67% YoY reflecting higher market prices.
67M pounds sold at average realized price of $5.68/lb, up 22% YoY, partially offset by 12% lower volumes.
Lead 62M pounds at $0.84/lb; Zinc 127M pounds at $1.44/lb; mixed volume and price impacts.
Largest Expense Items
Decline driven by impact of divested sites ($279M reduction); excluding divestitures, costs rose due to higher royalties and worker participation from elevated gold prices.
Higher depreciation at NGM from increased ore mined at Carlin and commencement of depreciation at Ahafo North.
31% effective tax rate driven by higher pre-tax income, foreign rate differential including Ghana corporate tax increase from 32.5% to 35% effective January 1, 2026, and mining taxes.
Lower consulting charges and labor costs in Q1 2026.
Margins: Operating leverage evident as gross margin expanded despite modest cost inflation; Income before taxes of $4.6B represents 63% pre-tax margin on higher sales. Favorable mix from divestitures of lower-margin assets and higher realized commodity prices offset cost pressures from increased royalties and Ghana's higher tax rate.
Watch Items from the Filing
- Ghana tax and royalty regime: Revised Investment Agreement expired December 31, 2025; corporate tax rate increased to 35%, custom duties 5-20%, and royalty framework shifted from sliding-scale to fixed 5% (then March 2026 legislation implemented 5-12% sliding-scale). Growth and Sustainability Levy reduced to 1% April 1, 2026. Dividend withholding tax now 8%.
- Nevada Gold Mines mismanagement notice: On January 26, 2026, Newmont notified Barrick of evidence of mismanagement including diversion of NGM resources to Barrick's wholly-owned Fourmile property; February 3, 2026 notice of default issued; ongoing negotiations.
- Cadia earthquake: April 14, 2026 (post-quarter), magnitude 4.5 earthquake suspended underground mining at Cadia; surface operations continue; mining expected to resume Q2 2026.
- Multiple securities class actions and derivative suits pending relating to October 23, 2024 production and guidance announcement; Karas lead plaintiff motion to dismiss pending; consolidated derivative actions stayed pending resolution of Karas motions.
- Strong liquidity position: $8.8B cash, $4.0B available revolving credit facility, and $3.1B net cash position provide financial flexibility; declared $0.26/share Q1 dividend and authorized new $6.0B share repurchase program in April 2026.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q1 2026
$7.3B
Net Income
Q1 2026
$3.3B
Free Cash Flow
Q1 2026
$3.1B
Operating Margin
Q1 2026
62.7%
D/E Ratio
Q1 2026
0.15
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+132.7% YoYNet Income
+152.6% YoYEPS (Diluted)
+67.7% YoYTotal Assets
+42.9% YoYTotal Debt
-17.0% YoYOp. Cash Flow
+260.6% YoY| Metric | FY 2025 | FY 2019 | FY 2018 | FY 2015 | FY 2014 | FY 2010 |
|---|---|---|---|---|---|---|
| Revenue | $22.67B +132.7% | $9.74B +34.3% | $7.25B +19.2% | $6.08B -10.8% | $6.82B | — |
| Net Income | $7.08B +152.6% | $2.81B +722.6% | $341.0M +55.0% | $220.0M -56.7% | $508.0M -77.7% | $2.28B |
| EPS (Diluted) | $6.39 +67.7% | $3.81 +495.3% | $0.64 +48.8% | $0.43 -57.8% | $1.02 -77.6% | $4.55 |
| Total Assets | $57.12B +42.9% | $39.97B +93.0% | $20.71B -17.9% | $25.22B +1.5% | $24.86B -3.1% | $25.66B |
| Total Debt | $5.12B -17.0% | $6.17B +52.5% | $4.04B -31.0% | $5.86B -11.8% | $6.65B +49.7% | $4.44B |
| Operating Cash Flow | $10.33B +260.6% | $2.87B +56.9% | $1.83B -14.8% | $2.15B +49.2% | $1.44B -54.6% | $3.17B |
AI Insight: NEM Financial Trends
NEM swung to $3.3B net income in Q1 2026 on 66% revenue surge since Q2 2024, while debt fell 42% to $5.1B.
• Revenue climbed from $4.4B in Q2 2024 to $7.3B in Q1 2026 (+66%), reflecting production ramp and commodity strength.
• Total debt dropped from $8.7B to $5.1B over 8 quarters, improving leverage and financial flexibility substantially.
• Operating cash flow averaged $2.5B per quarter in 2025–Q1 2026 vs. $1.5B in 2024, signaling stronger conversion.
⚠ Net income spiked to $3.3B in Q1 2026 after dipping to $1.3B in Q4 2025—volatility warrants scrutiny on sustainability.
⚠ Equity rose 19% to $34.9B since Q2 2024 while debt halved; monitor capital allocation and dividend policy.
AI Insight: NEM Ratio Trends
Newmont delivered exceptional profitability in Q1 2026, with operating margin hitting 62.7% and ROIC surging to 45.8%, while leverage remained stable at 0.15 D/E.
• Operating margin expanded from 23.5% in Q2 2024 to 62.7% in Q1 2026, driven by higher gold prices and operational efficiency.
• ROIC improved from 10.9% in Q2 2024 to 45.8% in Q1 2026, reflecting exceptional capital productivity and cash generation.
• Debt-to-equity ratio declined from 0.30 in Q2 2024 to 0.15 in Q1 2026, strengthening the balance sheet substantially.
⚠ NPM fell to 19.1% in Q4 2025 before recovering to 44.6% in Q1 2026—watch for consistency and one-off impacts.
⚠ Q1 2026 metrics are exceptionally strong; sustainability depends on gold prices and operational execution going forward.
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Available Research
13F Pro tracks comprehensive data for NEWMONT Corp /DE/ including:
Top Institutional Holders of NEM
BlackRock, Inc.
$13.6B126,082,616 shVANGUARD CAPITAL MANAGEMENT LLC
$7.7B70,726,792 shSTATE STREET CORP
$5.5B50,830,986 shVANGUARD PORTFOLIO MANAGEMENT LLC
$4.1B37,806,740 shGEODE CAPITAL MANAGEMENT, LLC
$3.1B28,265,025 shFMR LLC
$2.1B19,496,867 shInvesco Ltd.
$1.6B14,569,590 shNORTHERN TRUST CORP
$1.4B12,913,822 shBank of New York Mellon Corp
$1.3B12,237,940 shFirst Eagle Investment Management, LLC
$1.3B12,022,368 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $13.6B | 126,082,616 |
| VANGUARD CAPITAL MANAGEMENT LLC | $7.7B | 70,726,792 |
| STATE STREET CORP | $5.5B | 50,830,986 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $4.1B | 37,806,740 |
| GEODE CAPITAL MANAGEMENT, LLC | $3.1B | 28,265,025 |
| FMR LLC | $2.1B | 19,496,867 |
| Invesco Ltd. | $1.6B | 14,569,590 |
| NORTHERN TRUST CORP | $1.4B | 12,913,822 |
| Bank of New York Mellon Corp | $1.3B | 12,237,940 |
| First Eagle Investment Management, LLC | $1.3B | 12,022,368 |
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Popular Research
Is NEM a good stock to buy?
13F Pro's AI-powered analysis of NEWMONT Corp /DE/ (NEM) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Materials sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NEM are available on the NEM stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own NEM?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NEM. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of NEWMONT Corp /DE/'s investment landscape.