BHP vs Newmont
This page compares BHP and Newmont, examining their business models, financial performance, and market context to explain core differences. It presents neutral, accessible information about each company's strategy and position within the global resources sector, without endorsements or recommendations. Educational content, not financial advice.
This page compares BHP and Newmont, examining their business models, financial performance, and market context to explain core differences. It presents neutral, accessible information about each compa...
Why It's Moving
BHP Stock Faces Analyst Pressure as Valuation Concerns and Commodity Headwinds Offset Strategic Capital Moves
- Valuation concerns dominate sentiment: analysts maintain a 'Hold' consensus rating with multiple reports indicating the stock trades above intrinsic value and analyst price targets, suggesting potential downside vulnerability to market corrections.
- Commodity volatility pressures near-term outlook: iron ore prices remain unstable due to significant Chinese port inventories and anticipated production cuts by steelmakers, while geopolitical tensions add to broader macroeconomic headwinds affecting the sector.
- Capital unlock strategy shows mixed reception: BHP's $4.3 billion silver streaming agreement and broader value-unlock initiatives demonstrate active portfolio management, yet these positive moves have been overshadowed by macroeconomic risks, with the Jansen potash project also facing capital expenditure increases to $8.4 billion and production delays.
Newmont Stock Slides as Gold Miner Grapples with Output Decline and Rising Costs
- Newmont projects nearly 10% lower gold production for 2026, marking a 'trough' year that threatens near-term revenue generation and profit margins.
- All-in sustaining costs are expected to surge to $1,680 per ounce in 2026, driven by increased royalties and taxes that will compress profitability despite record gold prices.
- A notice of default at Newmont's Nevada Gold Mines joint venture introduces uncertainty around a meaningful portion of the company's output, while recent insider share sales signal waning internal confidence in near-term prospects.
BHP Stock Faces Analyst Pressure as Valuation Concerns and Commodity Headwinds Offset Strategic Capital Moves
- Valuation concerns dominate sentiment: analysts maintain a 'Hold' consensus rating with multiple reports indicating the stock trades above intrinsic value and analyst price targets, suggesting potential downside vulnerability to market corrections.
- Commodity volatility pressures near-term outlook: iron ore prices remain unstable due to significant Chinese port inventories and anticipated production cuts by steelmakers, while geopolitical tensions add to broader macroeconomic headwinds affecting the sector.
- Capital unlock strategy shows mixed reception: BHP's $4.3 billion silver streaming agreement and broader value-unlock initiatives demonstrate active portfolio management, yet these positive moves have been overshadowed by macroeconomic risks, with the Jansen potash project also facing capital expenditure increases to $8.4 billion and production delays.
Newmont Stock Slides as Gold Miner Grapples with Output Decline and Rising Costs
- Newmont projects nearly 10% lower gold production for 2026, marking a 'trough' year that threatens near-term revenue generation and profit margins.
- All-in sustaining costs are expected to surge to $1,680 per ounce in 2026, driven by increased royalties and taxes that will compress profitability despite record gold prices.
- A notice of default at Newmont's Nevada Gold Mines joint venture introduces uncertainty around a meaningful portion of the company's output, while recent insider share sales signal waning internal confidence in near-term prospects.
Investment Analysis
BHP
BHP
Pros
- BHP reported strong financial performance in 2025 with resilient returns supported by safe operations and rigorous cost control.
- The company is a global diversified miner with major assets including Pilbara iron ore and Escondida copper, enhancing its resource base.
- BHP offers a solid dividend yield near 5.4%, reflecting attractive shareholder returns and capital discipline.
Considerations
- Revenue declined by almost 8% in 2025 compared to the previous year, indicating recent top-line pressure.
- BHP's nickel business is currently on care and maintenance due to low nickel prices, reducing commodity diversification.
- The stock trades below its historical 52-week range highs, and has a medium uncertainty economic moat rating, reflecting competitive challenges.
Newmont
NEM
Pros
- Newmont is the world's largest gold miner with a goal to increase production to 6 million ounces annually by 2028, supporting growth potential.
- The company has robust financial health and a track record of returning value through dividends and share buybacks.
- Newmont operates globally with diversified assets in multiple countries, reducing geographical and operational risk.
Considerations
- Newmont currently faces challenges in rebuilding investor confidence amid market skepticism about gold price sustainability.
- Its valuation metrics indicate a relatively higher price-to-earnings and price-to-sales ratio compared to sector averages, suggesting limited valuation upside.
- There is considerable tactical risk due to reliance on volatile gold prices and operational exposure in politically sensitive regions.
Related Market Insights
Hard Assets for Hard Times: Why Tangible Investments Matter Now
Protect your purchasing power with Nemo's Hard Assets basket. Invest in companies owning tangible assets like precious metals & infrastructure to hedge against inflation.
Aimee Silverwood | Financial Analyst
July 25, 2025
Related Market Insights
Hard Assets for Hard Times: Why Tangible Investments Matter Now
Protect your purchasing power with Nemo's Hard Assets basket. Invest in companies owning tangible assets like precious metals & infrastructure to hedge against inflation.
Aimee Silverwood | Financial Analyst
July 25, 2025
BHP (BHP) Next Earnings Date
BHP Group's next earnings date is August 18, 2026, when the company will release its full-year results for the fiscal year ended June 30, 2026. This announcement will be made at 8:30 AM Melbourne time. The company also has an interim operational review scheduled for April 22, 2026, covering the nine-month period ended March 31, 2026. Investors should monitor these dates for comprehensive financial performance updates and forward guidance.
Newmont (NEM) Next Earnings Date
Newmont (NEM) is expected to announce its Q1 2026 earnings on April 22, 2026, based on consistent analyst estimates across multiple financial platforms. The company typically releases earnings reports in mid-to-late April, following its historical reporting schedule. This upcoming earnings announcement will cover the first quarter of 2026 and is anticipated to include updated financial metrics and forward guidance for the year.
BHP (BHP) Next Earnings Date
BHP Group's next earnings date is August 18, 2026, when the company will release its full-year results for the fiscal year ended June 30, 2026. This announcement will be made at 8:30 AM Melbourne time. The company also has an interim operational review scheduled for April 22, 2026, covering the nine-month period ended March 31, 2026. Investors should monitor these dates for comprehensive financial performance updates and forward guidance.
Newmont (NEM) Next Earnings Date
Newmont (NEM) is expected to announce its Q1 2026 earnings on April 22, 2026, based on consistent analyst estimates across multiple financial platforms. The company typically releases earnings reports in mid-to-late April, following its historical reporting schedule. This upcoming earnings announcement will cover the first quarter of 2026 and is anticipated to include updated financial metrics and forward guidance for the year.
Which Baskets Do They Appear In?
Inflation Hedge Basket
Looking to protect your money from rising prices? This collection features companies that own real, physical assets from gold mines to global infrastructure. Professional analysts have selected these stocks specifically for their ability to maintain and potentially increase in value during inflationary periods.
Published: June 17, 2025
Explore BasketWhich Baskets Do They Appear In?
Inflation Hedge Basket
Looking to protect your money from rising prices? This collection features companies that own real, physical assets from gold mines to global infrastructure. Professional analysts have selected these stocks specifically for their ability to maintain and potentially increase in value during inflationary periods.
Published: June 17, 2025
Explore BasketBuy BHP or NEM in Nemo
Zero Commission
Trade stocks, ETFs, and more with zero commission. Keep more of your returns.
Trusted & Regulated
Part of Exinity Group 2015, serving over a million customers globally.
6% Interest on Cash
Earn 6% AER on uninvested cash with daily interest payments.
Discover More Comparisons
BHP vs Sherwin-Williams
A neutral comparison of BHP and Sherwin-Williams, examining business models, financial performance, and market context to help readers decide which to research further.
BHP vs Agnico Eagle
A neutral BHP vs Agnico Eagle comparison of business models, financial performance, and market context to help readers research the two mining companies.
BHP vs Ecolab
A neutral comparison of BHP and Ecolab, outlining business models, earnings trends, dividends, and market dynamics to help research decisions.