What is NEWMONT Corp worth?
With the base-case assumptions below, a discounted cash flow model on NEWMONT Corp's reported free cash flow gives $213.22 per share. The share price was $121.43 on September 25, 2026, 43% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 9.5% | 10.0% | $133.10 | +10% |
| Base | 14.5% | 9.0% | $213.22 | +76% |
| Bull | 19.5% | 8.0% | $372.77 | +207% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $275.17 | $294.45 | $318.01 | $347.46 | $385.33 |
| 8.0% | $228.66 | $241.16 | $255.94 | $273.67 | $295.34 |
| 9.0% | $194.81 | $203.36 | $213.22 | $224.73 | $238.33 |
| 10.0% | $169.13 | $175.21 | $182.10 | $189.97 | $199.06 |
| 11.0% | $149.03 | $153.49 | $158.47 | $164.07 | $170.42 |
Where the presets come from
Base: years 1 to 5 grow at NEWMONT Corp's revenue growth rate over the last 5 fiscal years (14.5% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions