Newmont (NEM)
NYSEMaterialsGoldSnapshot 2026-09-04
$128.09-1.79%
Close 2026-09-04 · 1-day change
NYSEMaterialsGoldSnapshot 2026-09-04
QuarterlyIQ Insights · NEM
Price, fair value, and the multiples that frame it on the same time axis. Scroll over the price chart to zoom.
Daily closes. Earnings/event dots inline.
A consensus fair price across 13 valuation methods, at three horizons. As of 2026-09-04. 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.
We take the 12-month fair value above and grade our own number — how the market prices this name versus what we'd justify, and where the two diverge.
At $128 NEM trades at 14× p/e, below its 18× p/e peer median, but our blended $126 fair value is roughly in line with the price. It's a high-confidence read. Analysts target $110–$175. Not investment advice.
One valuation read at a 12-month horizon, plus how price compares to peers and the company's own history.
Score 100 = cheapest in the cohort, 0 = richest. Bars are filled left-to-right based on the peer-relative score (or PEG/self-history where shown).
Each method's implied share price per horizon. Provisional rows use a projected (historical-CAGR) growth input rather than analyst or management guidance.
| Method | Horizon | Est. price | Multiple | Per-share input | EPS source | Confidence |
|---|---|---|---|---|---|---|
| analyst target | 12M | $140.00 | — | — | Analyst | high |
| dcf fcfe | 12M | $113.36 | — | — | Analyst | high |
| dcf fcff | 12M | $156.50 | — | — | Analyst | high |
| ddm gordon | 12M | $13.00 | — | — | TTM | high |
| graham number | 12M |
A “consensus-then vs. actual-now” overlay is on the way — what our valuation estimate said on a past date versus where the price actually landed.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
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.
$110.00 – $175.00 (median $140.00) · 13 analysts · as of 2026-08-24
No fragility gates fired. Regime (Mania) does not concentrate fragility.
For similar setups historically (n=20,154): about 33% saw a 20%+ drawdown, and roughly 76% of those did not recover within the year. These are historical base rates for the cohort, not a forecast of this stock.
At today's price you pay about 206% over what the business is worth with no growth; closing that gap needs roughly 37.0 years of the forecast growth to come through. These describe the expectations embedded in the price, not a forecast of the move. Reverse-DCF base: $3.20/sh owner earnings.
Looks cheaper than most peers in the same business.
Around its own typical valuation.
Trailing four: 2025-Q2, 2025-Q3, 2026-Q1, 2026-Q2
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
| $83.02 |
| — |
| — |
| TTM |
| high |
| Peer EV/EBITDA | 12M | $41.10 | 12.2 | 3.09 | TTM | high |
| Peer P/FCF | 12M | $202.22 | 26.0 | 7.79 | TTM | high |
| Peer P/E | 12M | $154.43 | 15.0 | 10.29 | ntm analyst | high |
| Peer P/S | 12M | $36.02 | 1.5 | 24.15 | TTM | high |
| PEG | 12M | $184.79 | 20.0 | 9.23 | TTM | high |
| residual income | 12M | $54.01 | — | — | TTM | high |
| Own P/E history | 12M | $117.51 | 12.7 | 9.23 | TTM | high |
| triangulated | 12M | $176.04 | 17.9 | 9.83 | Triangulated | high |
| Peer P/E | 3Y | $187.23 | 15.0 | 12.47 | Analyst | medium |
| Peer P/S | 3Y | $47.37 | 1.5 | 31.76 | Analyst | medium |
| PEG | 3Y | $249.71 | 20.0 | 12.47 | Analyst | medium |
| Own P/E history | 3Y | $158.79 | 12.7 | 12.47 | Analyst | medium |
| Peer P/E | 5Y | $223.76 | 15.0 | 14.91 | Analyst | high |
| Peer P/S | 5Y | $56.62 | 1.5 | 37.96 | Analyst | high |
| PEG | 5Y | $298.43 | 20.0 | 14.91 | Analyst | high |
| Own P/E history | 5Y | $189.78 | 12.7 | 14.91 | Analyst | high |