NEM
NEWMONT Corp /DE/Evidence as of 2026-09-03Overview · NEWMONT Corp /DE/
Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of December 31, 2022, it had proven and probable gold reserves of 96.1 million ounces and land position of 61,500 square kilometers. The c…
Management team
- Mr. Alwyn Pretorius · Managing Director of Papua New GuineaFind on LinkedIn
- Ms. Jennifer Cmil · Executive VP & Chief People OfficerFind on LinkedIn
- Mr. Francois Hardy · Executive VP & CTOFind on LinkedIn
- Mr. Peter Ivan Toth BBus (IB), MIB · Executive VP, Chief Sustainability & Development OfficerFind on LinkedIn
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Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it — not a rating or a recommendation.
+0.3 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled — the rest of the page is the evidence behind it.
The evidence balance is Mixed (+ 0.3 of a possible + 2; confidence high). Revenue fell from $7,307,000,000 in Q1 2026 (fiscal quarter ended 2026-04-16) to $6,118,000,000 in Q2 2026 (fiscal quarter ended 2026-07-16), a sequential decline of $1,189,000,000. Net income compressed from $3,262,000,000 to $2,202,000,000 over the same pair of quarters and diluted EPS fell from $3.00 to $2.06, showing clear EPS compression between those reporting periods.
Share count declined from 1,087,874,212 as of FY 2025 (fiscal quarter ended 2026-02-12) to 1,053,692,271 as of 2026-07-16, supported by $1,895,000,000 of repurchases in Q1 2026 (fiscal quarter ended 2026-04-16). Cash rose from $7,647,000,000 as of FY 2025 to $9,009,000,000 as of 2026-06-30 while long‑term debt fell to $5,083,000,000, leaving a simple cash-minus-debt net cash position at the Q2 2026 balance date. Market signals are mixed: price sits above both the 50‑day and 200‑day SMAs, twelve‑month momentum is strong (+ 57.8%, 84th percentile), volatility is elevated (30‑day annualized vol 49.5%), three‑year max drawdown is − 36.6% and beta vs SPY is 1.60. Valuation metrics show trailing twelve‑month FCF $4,312,000,000 and FCF per share $4.0412, a price‑to‑FCF of 30.97 (implied FCF yield ≈ 3.23%) and a trailing P/E of 14.59.
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else — no outside knowledge, no browsing — so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC — revenue, margins, income, debt and share count, quarter by quarter — and reports which way the trend is running.
Revenue was $7,307,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) and $6,118,000,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo), a sequential decline of $1,189,000,000 between those quarters.
XBRL companyfacts · 0001164727-26-000019Net income was $3,262,000,000 in fiscal Q1 2026 (2026-01-01 to 2026-03-31, 3mo) and $2,202,000,000 in fiscal Q2 2026 (2026-04-01 to 2026-06-30, 3mo), a sequential decrease of $1,060,000,000.
XBRL companyfacts · 0001164727-26-000019Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full — its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet — its risk analysis fills in once that lands.
The Board appointed Peter David Beaven to serve as an independent director, effective September 1, 2026.
8-K filed 2026-08-20Mr. Beaven will be appointed to serve on the Audit Committee of the Board, effective September 1, 2026.
8-K filed 2026-08-20Reads the signal panel above — momentum, volatility, drawdown, relative strength and beta — and ranks each against the whole research universe rather than judging it in isolation.
Twelve-month momentum (12_1) is +57.8% and ranks in the 84th percentile of the 547-stock research universe, indicating a historically strong 12-month return versus peers on 2026-09-02.
Moneyta signal set · 2026-09-02weakened in debatePrice is above both the 50-day and 200-day simple moving averages (price vs SMA50 +18.3%, price vs SMA200 +16.1%), while the 'golden cross' flag is false on 2026-09-02.
Moneyta signal set · 2026-09-02Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
As of 2026-09-02, NEM has a 0.15% weight in the ETF with symbol IVV.
ETF constituents · market dataA Form 4 insider filing for NEM was filed on 2026-08-26 (the 4 filed 26 August 2026); the parsed record shows parse_status set to "skipped" and no primary document URL was provided in the evidence.
Form 4 × 1 (90d window not enforced here)weakened in debateReads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Multiple outlets headline that Newmont's share price rose sharply in August, with two articles noting a 34.5% jump during the month.
News · finance.yahoo.com · 2026-09-02Coverage highlights a reworked Nevada joint venture agreement with Barrick that the reporting describes as reshaping the miner's largest producing district and settling Nevada disputes.
News · kalkinemedia.com · 2026-09-02Reads parsed Forms 3/4/5 — who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
On 24 August 2026, Gregory H. Boyce (Director) reported a code G transfer of "46871" shares with a reported value of "$0" on the Form 4 filing.
Form 4 · BOYCE GREGORY H (Director) · $0 code G · 2026-08-24The filing includes a second entry on 24 August 2026 for Gregory H. Boyce (Director) reporting a code G transfer of "46871" shares with a reported value of "$0" on the Form 4 filing.
Form 4 · BOYCE GREGORY H (Director) · $0 code G · 2026-08-24Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
The model reports the implied free-cash-flow (FCF) growth rate today's price would justify as 0.1998 (about 19.98%).
Valuation inputs · SEC XBRL + stored EOD closeweakened in debateTrailing twelve‑month FCF is $4,312,000,000 and FCF per share is $4.0412 (TTM).
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score — the argument is shown, not hidden, so you can judge the reasoning yourself.
Several company-specific items jointly support a favorable read despite the reported quarter-to-quarter compression in top-line and earnings metrics. The firm materially reduced shares outstanding and executed substantial repurchases (fundamentals-3, fundamentals-4), which can amplify per-share economics and reflect capital-allocation intent. Concurrent balance-sheet improvement is evident: long-term debt fell meaningfully from mid-2025 levels and cash increased through mid-2026, producing a simple net-cash position (fundamentals-5, fundamentals-6, valuation-4). Market signals show strong 12-month momentum and price sitting above both 50- and 200-day averages, and recent media coverage highlights a reworked Nevada JV plus August share-price strength and confirmed dividend coverage, which together point to renewed market interest (market-0, market-1, news-0, news-1, news-2). These items together rebut the view that sequential quarterly declines alone define the firm’s financial posture, by showing active buybacks, balance-sheet repair, and positive market/press dynamics.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.35
35 surviving claims rest on 16 distinct sources; the heaviest analyst carries 20% of them, and 90% of what the desk raised survived the debate.
The evidence set is moderately robust: many claims survive and the research desk retained most points after debate, which supports internal consistency. However, a sizable share of surviving claims trace to a limited number of sources and one analyst carries a fifth of the claims, so this read is somewhat sensitive to source-concentration and single-analyst influence — treat it as informative but not fully independent corroboration.
Peer context · computed, not argued
90-day volatility ranks 1st of 2 in Gold (as of 2026-09-02).
dividend yield ranks 2nd of 2 in Gold (as of 2026-09-02).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment — when the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here — no outside knowledge, no browsing — and each card shows who read it and what it contributed to the score.
11 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data — not retyped or estimated.
Read by Mercer+0.1 to the score
3 documents· 2 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+0.9 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash−0.1 to the score
2 holdings records
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.7 to the score
6 headlines· 2 cited
News coverage
Recent headlines about this company, rating chatter excluded and nothing published after the report date.
Read by Yatesnothing survived
1 filing
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state — stated and inferred flags kept apart.
Read by Talbot+0.0 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal — the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
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The full terminal on NEM Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations.