NEM · NYSE · STOCK
Newmont (NEM) Stock Analysis
$117.87
52W $76.05 – $135.29
66/100
$124.17B
14.8
0.53
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is NEM Bullish or Bearish?
Bullish.
Innellis AI committee rates Newmont Corporation (NEM) Buy with a composite score of 66/100
, based on 6 analysts with 83% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +8.57 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -11.43 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Risk Analyst sees a compelling case — low leverage (debt-to-equity 0.17) -- balance sheet can absorb a shock. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- P/E of 14.5 is inexpensive for the broad market — Value
- ROE of 25.1% shows genuine earnings power backing the valuation — Value
- Dividend yield of 4.3% pays you to wait — Value
- Revenue growing 25.2% YoY -- genuine top-line momentum — Growth
- EPS growing 42.2% YoY — Growth
- 5 consecutive earnings beats -- consistent execution — Growth
Bear Case
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
66/100
Agreement
83%
Analysts
6
Conviction
High
Sector Rank
Top 2%
of 99 Basic Materials peers
Value Analyst
bullish
70
/ 100 · High confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 14.5 is inexpensive for the broad market
Growth Analyst
bullish
71
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 25.2% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
bullish
80
/ 100 · Low confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
+ Low leverage (debt-to-equity 0.17) -- balance sheet can absorb a shock
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 40 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 66.4 to 66.4.
- Bullish support removed: 2 signal(s) disappeared.
- New bullish signals: 2 appeared.
Analyst-level changes:
- News Analyst: +1 bullish signal(s).
- Value Analyst: +1 bullish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
50.5
Neutral
MACD Histogram
-0.613
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$94.35
Resistance
$121.26
Bollinger %B
0.40
Inside Bands
Price vs Moving Averages
EMA 9
$116.72
Above
EMA 21
$118.77
Below
EMA 50
$117.45
Above
EMA 200
$107.19
Above
Fundamental Analysis
Valuation
90
Growth
70
Profitability
99
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
14.8×
P/B Ratio
3.54×
PEG Ratio
0.35
Dividend Yield
0.87%
52W High
$135.29
52W Low
$76.05
Quality & Growth
ROE
2092.0%
ROA
1240.3%
Gross Margin
5762.5%
Operating Margin
5433.1%
Revenue Growth YoY
—
Debt / Equity
0.15
AI Fundamental Assessment
P/E ratio of 14.8 (inexpensive relative to a 15-40x range); Price-to-book of 3.5x; PEG ratio of 0.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 20.9%; Return on assets of 12.4%; Net margin of 33.9%; Gross margin of 57.6%; Current ratio of 2.55 (healthy short-term liquidity); Debt-to-equity of 0.15; Free cash flow per share is positive (9.14); Most recent quarter beat estimates by 4.5%; 5 consecutive earnings beats; EPS growth decelerating (+15.1% -> -27.6% QoQ); Average YoY EPS growth of 46.9%; Analyst estimates flat over recent quarters
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