Newmont (NEM)
NYSEMaterialsGoldSnapshot 2026-07-07
$95.05-3.21%
Close 2026-07-07 · 1-day change
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Track NEM free→Newmont makes about $3.1 billion in free cash flow yearly. It plans to spend $1.95 billion on keeping mines running in 2026. The company pays $1.1 billion in dividends yearly. It has a strong buyback plan of $6 billion. These show good money use and steady cash flow.
Newmont faces risks from Ghana's new mining rules. These could hurt profits. The recent stock drop shows investors worry about growth and risks.
The stock trades about 32% below our fair value near $140. Analysts expect about 14% revenue growth. The price reflects these views fairly.
Breaks if: dividends fall significantly below $1.1 billion in FY26
Newmont is committed to returning capital to shareholders through a sustainable cash dividend of $1.1 billion per year.
Stated in 3 of last 3 quarters. Dividend of $0.26 per share declared for Q1 2026, aligning with the $1.1 billion annual target. The commitment to a sustainable dividend is consistently reiterated, with delivery on declared dividends.
Breaks if: free cash flow falls below $3.1 billion in FY26
Newmont is focused on maximizing total return of capital to shareholders through a sustainable capital allocation framework.
Stated in 4 of last 4 quarters. Free Cash Flow increased 12% from the prior quarter to $3.1 billion, indicating progress in capital allocation. The framework is consistently emphasized, with substantive delivery in cash flow growth.
Breaks if: Ghana mining rules cause major profit or operation loss
Breaks if: sustaining capital spend falls well below $1.95 billion in FY26
Newmont plans to spend $1.95 billion in sustaining capital in 2026 to enhance portfolio longevity.
Stated in 3 of last 3 quarters. Sustaining capital spend of $381 million in Q1 2026, with full-year guidance of $1.95 billion. The commitment to sustaining capital investment is consistently reiterated, with initial spend aligning with guidance.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Newmont is committed to returning capital to shareholders through a sustainable cash dividend...”
“Newmont is committed to returning capital to shareholders through a sustainable cash dividend...”
“Newmont is committed to returning capital to shareholders through a sustainable cash dividend...”
“Newmont announced an enhanced capital allocation framework, designed to be sustainable...”
“Building on this momentum, we announced an enhanced capital allocation framework...”
“We are making significant progress on the cost savings initiatives announced...”
“Newmont announced an enhanced capital allocation framework...”
“Newmont expects to spend $1.95 billion in sustaining capital in 2026.”
“Sustaining capital spend of approximately $1.95 billion to advance critical tailings facility work...”
“Reflective of this approach, Newmont expects to spend $1.95 billion in 2026.”