NEWMONT Corp /DE/ (NEM)

Gold and Silver Ores

Latest Price

$93.71

TTM P/E

11.83

Normalized P/E

43.34

Div Yield

0.82%

Book Value

32.78

P/B Ratio

2.86

Valuation metrics

EPS: $6.39

Book value / share: $31.10

Formula: √(22.5 × EPS × BVPS)

Graham Number

$66.87

29% 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

74% 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

53% downside

EPS: $6.39

Target P/E: 43×

Formula: EPS × P/E

P/E Fair Value

$274.77

+193% upside

75.2% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
BlackRock, Inc.	126.08M	$13.65B	11.84%	-3.89M	2026-03-31
VANGUARD CAPITAL MANAGEMENT LLC	70.73M	$7.66B	6.64%	--	2026-03-31
STATE STREET CORP	50.83M	$5.50B	4.77%	+871.1K	2026-03-31
VANGUARD PORTFOLIO MANAGEMENT LLC	37.81M	$4.09B	3.55%	--	2026-03-31
VAN ECK ASSOCIATES CORP	36.00M	$3.90B	3.38%	+6.22M	2026-03-31
GEODE CAPITAL MANAGEMENT, LLC	28.27M	$3.12B	2.65%	+1.25M	2026-03-31
FMR LLC	19.50M	$2.11B	1.83%	+1.02M	2026-03-31
Invesco Ltd.	14.57M	$1.58B	1.37%	+704.6K	2026-03-31
NORTHERN TRUST CORP	12.91M	$1.40B	1.21%	-166.5K	2026-03-31
Bank of New York Mellon Corp	12.24M	$1.32B	1.15%	+615.5K	2026-03-31