NEWMONT Corp /DE/ (NEM)

Gold and Silver Ores

Latest Price

$123.07

TTM P/E

15.54

Normalized P/E

56.92

Div Yield

0.63%

Book Value

32.78

P/B Ratio

3.75

Valuation metrics

EPS: $6.39

Book value / share: $31.10

Formula: √(22.5 × EPS × BVPS)

Graham Number

$66.87

46% downside

Norm. op. income: $3.1B (median of 7yr)

Tax rate: 27%

Discount rate: 10%

Growth assumption: zero (EPV is a no-growth value)

Earnings Power Value

$24.08

80% downside

Base FCF: $2.6B (median of recent 5yr)

Growth: 5%/yr (median YOY, capped at 25%)

Discount rate: 10%

Terminal growth: 3%

Projection horizon: 10 years

DCF Fair Value

$43.99

64% downside

EPS: $6.39

Target P/E: 57×

Formula: EPS × P/E

P/E Fair Value

$364.23

+196% upside

77.6% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	120.88M	$11.29B	11.24%	-5.21M	2026-06-30
VANGUARD CAPITAL MANAGEMENT LLC	69.66M	$6.51B	6.48%	-1.06M	2026-06-30
STATE STREET CORP	52.40M	$4.89B	4.87%	+1.57M	2026-06-30
VANGUARD PORTFOLIO MANAGEMENT LLC	38.58M	$3.60B	3.59%	+774.0K	2026-06-30
VAN ECK ASSOCIATES CORP	32.11M	$3.00B	2.99%	-3.88M	2026-06-30
GEODE CAPITAL MANAGEMENT, LLC	27.98M	$2.69B	2.60%	-288.8K	2026-06-30
FMR LLC	19.96M	$1.86B	1.86%	+467.4K	2026-06-30
Invesco Ltd.	17.44M	$1.63B	1.62%	+2.87M	2026-06-30
NORGES BANK	14.35M	$1.34B	1.33%	-104.0K	2026-06-30
Bank of New York Mellon Corp	13.06M	$1.22B	1.21%	+818.9K	2026-06-30