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Newmont NEM

Newmont scores excellent on business quality (8.6 of 10). Here is why, in plain words, and what our sealed record shows.

Last price$117.84Oct 10, 2026
Business qualityExcellent
Next earningsOct 22, 2026, before the open
Insiders, 90 daysSelling

Why it matters

  1. What Newmont does

    Newmont extracts and sells gold and copper to industrial buyers and investors worldwide, generating $25.8 billion in revenue. The company is leaning into expanding its primary mining operations to beat earnings estimates.

  2. What it does best

    Newmont delivers industry-leading operating margins of 54.8%, vastly outperforming peers like AU at 49.6%. This unmatched efficiency stems from massive scale across tier-one mining jurisdictions that smaller rivals cannot easily replicate.

  3. The main risk

    Geographic and operational concentration in massive mining complexes exposes cash flows to sudden regulatory or labor disruptions, leaving little margin for output errors as highlighted by recent earnings watch headlines.

Quality, check by check

Scored against its own industry, from company filings.

ProfitabilityStrong

Operating margins sit at 54.8% alongside a 38.0% free cash flow margin, expanding rapidly due to high realization prices and scale benefits that amplify profitability.

MoatFair

Operating in the top decile for gross margins at 68.9%, Newmont leverages vast mineral reserves and global scale that lock out new entrants who lack multi-billion dollar capital budgets.

GrowthFast

Revenue growth surges at 21.3% annually, accelerating sharply compared to flat historical periods as production scale and commodity pricing lift the top line.

Financial healthStrong

With a net cash position of $2.7 billion and interest coverage at 88.8x, debt costs are negligible while free cash flow reaches $9.7 billion, making the balance sheet exceptionally strong.

Insiders

Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.

1 sold $1.2M outside pre-planned sales.

Our sealed record on NEM

Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.

The first sealed verdicts appear here on Oct 11, 2026.

Questions

Is NEM a good business?

Newmont scores excellent on the Cluenex quality check (8.6 of 10), measured against its own industry. Profitability is strong, moat fair, growth fast and financial health strong.

Are insiders buying NEM?

In the last 90 days of SEC Form 4 filings: 1 sold $1.2M outside pre-planned sales.

When does NEM report earnings?

Oct 22, 2026, before the open.

For members

See NEM today

  • Today's verdict on NEM, and why
  • Fair value with cautious, base and optimistic cases
  • The exact price that would change the verdict
  • Which stocks each signal names, the night it fires
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Cite this page: Cluenex, “Newmont (NEM)”, https://cluenex.com/stocks/nem/, data as of Oct 10, 2026.