NEM
Newmont CorporationBasic Materials · $123.5B market cap
Verdict
Share price
$115.56
close of Oct 3, 2026
Fair value
$131.42
Sticker Price
Payback Price
$52.57
buy price
NEM is Undervalued: at $115.56 it trades 12% below its fair value of $131.42. Its buy price (Payback Price) is $52.57, 55% below today's price. Business quality is limited: none of the 5 key numbers clears the 10% bar.
How we valued it
Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.
Business quality
0 of 5 clear the 10% bar. What are the Big Five?
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4 of the investors we track hold NEM. In Q1 2026, 2 trimmed. Who we track
First Eagle Investment Management
First Eagle Investment Management · as of Q2 2026
$1.1B
11,570,326 shares
Christopher Bloomstran
Semper Augustus · as of Q2 2026
$41.8M
447,228 shares
Muhlenkamp
Muhlenkamp · as of Q2 2026
$21.6M
231,090 shares
Mairs & Power Funds
Mairs & Power Funds · as of Q2 2026
$467K
5,000 shares
Moves in Q1 2026
Trimmed: First Eagle Investment Management, Christopher Bloomstran
Insider activity
Since Jul 1, 2026: no open-market purchases, 6 sales worth $3.4M and 8 other filings (stock awards, tax withholding and similar). Why purchases matter
Sales
Viljoen Natascha
President & CEO · 2026-09-01
Sold
$477K
Toth Peter
EVP, Chief Sustain & Dev Off · 2026-09-01
Sold
$369K
Viljoen Natascha
President & CEO · 2026-08-05
Sold
$807K
Tabolt Brian
Chief Financial Officer · 2026-08-05
Sold
$1.2M
Toth Peter
EVP, Chief Sustain & Dev Off · 2026-08-03
Sold
$280K
Show all 6 salesShow fewer
Toth Peter
EVP, Chief Sustain & Dev Off · 2026-07-01
Sold
$277K
Other filings
Beaven Peter David
director · 2026-09-02
Award
1,092 shares
BOYCE GREGORY H
director · 2026-08-24
G-Gift
46,871 shares
Wexler Peter
Chief Legal Officer · 2026-07-28
Tax withholding
$214K
Wexler Peter
Chief Legal Officer · 2026-07-27
Award
5,349 shares
Thornton David John
Chief Technical Officer · 2026-07-27
Award
2,674 shares
About Newmont Corporation
Newmont Corporation is primarily involved in the mining and exploration of gold resources. Additionally, the company undertakes prospecting for other base and precious metals, including copper, silver, zinc, and lead. Its operations and assets are geographically widespread, located across various countries such as the United States, Canada, Mexico, the Dominican Republic, Peru, Suriname, Argentina, Chile, Australia…
Gold
Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works