Newmont (NEM)
NYSEMaterialsGoldSnapshot 2026-10-30
$106.61-4.64%
Close 2026-10-30 · 1-day change
NYSEMaterialsGoldSnapshot 2026-10-30
Research Workspace
Put NEM beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Materials: fringe margins under pressure (0q confirmed)
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
Primary pillar under pressure — No major profit impact from Ghana mining rules: Qualitative: Ghana directive to shift ops to local firms by Dec 2026.
View ThesisRevenue is growing steadily — about 24% over the past year.
View GrowthRanks among the strongest in its industry on quality — around the top 6%.
View QualityExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 32% in its worst 12-month stretch.
View RiskNEM’s case rests on strong cash-backed profits, steady finances, and supportive sector trends. Three recent quarters beat estimates, including Q3 2026; revenue growth data is unavailable. NEM trades at 11× P/E versus peers’ 16× median and its own 12.7× history. The price reflects less growth than our forecast, despite that valuation gap. Ghana’s local-operator directive by December 2026 pressures a primary thesis pillar. Our model puts next-quarter miss probability at 28%. Peer multiples imply a price about 4% above where it trades. The thesis is on watch, and this read is provisional.
Trailing returns as of 2026-10-30. NEM is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 24 analysts currently covering NEM (as of Oct 2026).
Based on 8 Wall Street analysts offering 12-month price targets for NEM in the last 4 months.
Continue this research
Compare NEM with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
Compare now without an account. Saving and monitoring require an account.
| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| NEM Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 13 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Gold — fair value, gap to price, and forward P/E.
Compare the value case
Put NEM next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Threatens: Development capital for selected growth projects
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $106.61
The last 12 months of price, then the range of analyst 12-month targets from today’s $106.61.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Top 10% on quality vs scored peers
A second lens on the 12-month fair value: for companies that score high on measured quality (profitability, balance-sheet safety, earnings stability), this read trusts more of today's profit margins instead of averaging them toward their multi-year history the way the headline number does. Shown alongside the fair value above, not in place of it. A diagnostic, not a price target or a buy/sell signal.
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Red Chris commercial production is distant, while higher AISC pressures costs and investment returns.
Advances: Enhanced Capital Allocation Framework
Reported earnings beat and record cash flow support capital allocation capacity, but are not themselves major structural changes.
Advances: Enhanced Capital Allocation Framework
Positive outlook supports enhanced capital allocation efforts.
Rising costs could impact profitability and capital allocation.
New buyback authorization supports capital allocation strategy.
Ghana's directive could impact operations and profitability.