Newmont (NEM)
NYSEMaterialsGoldSnapshot 2026-11-05
$119.71+1.35%
Close 2026-11-05 · 1-day change
NYSEMaterialsGoldSnapshot 2026-11-05
QuarterlyIQ Insights · NEM
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How this business ranks within materials on a research-validated quality screen. As of 2026-11-05.
The screen ranks NEM against its sector on four durable signals: share dilution, return on capital, free-cash-flow yield, and FCF margin. Historically the highest-quality names tended toward better typical outcomes and fewer bad years over multi-year holds (strongest at three years, modest at one), and that pattern showed up even before the price moved. It characterizes business quality, not price direction.
Each leg is a sector-relative percentile (higher is better); 3 of 4 legs were available for this name. The composite is built from these four; the raw value follows each percentile for context.
A forward quality tilt, not a price prediction, and context for your own research rather than a recommendation. Not investment advice.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 2 of the last 3 quarter-over-quarter moves. Historically, Materials names rated neutral grew net income 46% of the time over the next year (vs 56% for the rest of the cohort, n=2600).
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Ongoing Sustaining Capital Investment in World-Class Portfolio Newmont expects to spend $1.95 billion in 2026 in sustaining capital through targeted investments in critical infrastructure, including…
Stated in 4 of 8 supplied quarters. Management reported: “Ongoing Sustaining Capital Investment in World-Class Portfolio Newmont expects to spend $1.95 billion in 2026 in sustaining capital through targeted investments in critical infrastructure, including tailings solutions, as detailed in the '2026 Guidance Expectations' section below.” “In the first half of 2026, Newmont has invested $819 million of sustaining capital, with full-year 2026 guidance remaining unchanged.”
“Ongoing Sustaining Capital Investment in World-Class Portfolio Newmont expects to spend $1.95 billion in 2026 in sustaining capital through targeted investments in critical infrastructure, including…”
“Ongoing Sustaining Capital Investment in World-Class Portfolio Newmont expects to spend $1.95 billion in 2026 in sustaining capital through targeted investments in critical infrastructure, including…”
“Reflective of this approach, Newmont expects to spend $1.95 billion in 2026, as detailed in the '2026 Guidance Expectations' section below.”
“Reflective of this approach, Newmont expects to spend $1.95 billion in 2026, as detailed in the '2026 Guidance Expectations' section below.”
2 Sustainable Through the Cycle Cash Dividend Newmont is committed to returning capital to shareholders through a sustainable cash dividend of $1.1 billion per year.
Stated in 4 of 8 supplied quarters. Management reported: “2 Sustainable Through the Cycle Cash Dividend Newmont is committed to returning capital to shareholders through a sustainable cash dividend of $1.1 billion per year.” “This equates to an indicated total annualized dividend of $1.04 per share, with continued per share dividend increases expected as share repurchases continue.”
Disciplined Approach to Development Capital Reinvestment Newmont expects to invest $1.4 billion of development capital in 2026 as it advances the highest-return free cash flow generative projects, wh…
Stated in 4 of 8 supplied quarters. Management reported: “Disciplined Approach to Development Capital Reinvestment Newmont expects to invest $1.4 billion of development capital in 2026 as it advances the highest-return free cash flow generative projects, while continuing to study, evaluate and define the future growth profile of its portfolio.” “In the first half of 2026, Newmont invested $524 million in its current development projects, with full-year 2026 guidance remaining unchanged.”
2 Maintaining an Optimized Capital Structure Through the Cycle Newmont is focused on maintaining a resilient balance sheet, anchored by a $1 billion net cash target 3 , with flexibility of plus or mi…
Stated in 4 of 8 supplied quarters. Management reported: “2 Maintaining an Optimized Capital Structure Through the Cycle Newmont is focused on maintaining a resilient balance sheet, anchored by a $1 billion net cash target 3 , with flexibility of plus or minus $2 billion depending on market conditions.” “Newmont ended the second quarter of 2026 with a cash balance of $9 billion and a net cash balance of $3.4 billion 3 .”
Newmont intends to request additional approval from its Board of Directors as the current authorization approaches completion, consistent with the Company's disciplined and repeatable approach to ret…
Stated in 4 of 8 supplied quarters. Management reported: “Newmont intends to request additional approval from its Board of Directors as the current authorization approaches completion, consistent with the Company's disciplined and repeatable approach to returning excess cash to shareholders.” “Ratable Share Repurchase Program Since the last earnings call, Newmont executed $1.7 billion of share repurchases under the current repurchase authorization of $6.0 billion.”
Over the trailing year it converted 3.33x of net income into operating cash flow. Historically, Materials names rated robust grew net income 56% of the time over the next year (vs 48% for the rest of the cohort, n=1429).
Most sensitive to the US dollar and the broad stock market.
Not enough signal to read sensitivity to real (inflation-adjusted) rates, long-term interest rates, Fed net liquidity (low R² over the window).
9 material management or governance events in the past 24 months, led by executive changes. Historically, Materials names rated neutral grew net income 50% of the time over the next year (vs 55% for the rest of the cohort, n=2453).
Not investment advice. As of 2026-11-05.
“2 Sustainable Through the Cycle Cash Dividend Newmont is committed to returning capital to shareholders through a sustainable cash dividend of $1.1 billion per year.”
“2 Sustainable Through the Cycle Cash Dividend Newmont is committed to returning capital to shareholders through a sustainable cash dividend of $1.1 billion per year.”
“2 Sustainable Through the Cycle Cash Dividend Newmont is committed to returning capital to shareholders through a sustainable cash dividend of $1.1 billion per year.”
“Sustainable Through the Cycle Cash Dividend Newmont is committed to returning capital to shareholders through a sustainable cash dividend of $1.1 billion per year.”
“Disciplined Approach to Development Capital Reinvestment Newmont expects to invest $1.4 billion of development capital in 2026 as it advances the highest-return free cash flow generative projects, wh…”
“Disciplined Approach to Development Capital Reinvestment Newmont expects to invest $1.4 billion of development capital in 2026 as it advances the highest-return free cash flow generative projects, wh…”
“Disciplined Approach to Development Capital Reinvestment Newmont expects to spend $1.4 billion in development capital in 2026 as it advances the highest-return free cash flow generative near-term pro…”
“Disciplined Approach to Development Capital Reinvestment Newmont expects to spend $1.4 billion in development capital in 2026 as it advances the highest-return free cash flow generative near-term pro…”
“2 Maintaining an Optimized Capital Structure Through the Cycle Newmont is focused on maintaining a resilient balance sheet, anchored by a $1 billion net cash target 3 , with flexibility of plus or mi…”
“2 Maintaining an Optimized Capital Structure Through the Cycle Newmont is focused on maintaining a resilient balance sheet, anchored by a $1 billion net cash target 3 , with flexibility of plus or mi…”
“Maintaining an Optimized Capital Structure Through the Cycle Newmont is focused on maintaining a resilient balance sheet, anchored by a $1 billion net cash target 3 , with flexibility of plus or minu…”
“Maintaining an Optimized Capital Structure Through the Cycle Newmont is focused on maintaining a resilient balance sheet, anchored by a $1 billion net cash target 2 , with flexibility of plus or minu…”
“Newmont intends to request additional approval from its Board of Directors as the current authorization approaches completion, consistent with the Company's disciplined and repeatable approach to ret…”
“Ratable Share Repurchase Program Since the last earnings call, Newmont executed $1.7 billion of share repurchases under the current repurchase authorization of $6.0 billion.”
“Since the last earnings call, Newmont executed an additional $2.4 billion of share repurchases, fully exhausting the previous repurchase authorization of $6.0 billion.”
“Ratable Share Repurchase Program Once the above priorities are complete, Newmont intends to deploy excess cash 3 on a ratable basis to share repurchases, driving sustained per share growth in the div…”