Zacks Research Brokers Reduce Earnings Estimates for Newmont

Newmont Corporation (NYSE:NEM) – Stock analysts at Zacks Research cut their Q3 2026 earnings per share (EPS) estimates for shares of Newmont in a research report issued to clients and investors on Thursday, August 6th. Zacks Research analyst Team now forecasts that the basic materials company will earn $1.92 per share for the quarter, down from their previous forecast of $2.19. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $9.00 per share. Zacks Research also issued estimates for Newmont’s Q4 2026 earnings at $2.01 EPS, FY2026 earnings at $8.92 EPS, Q1 2027 earnings at $2.19 EPS, Q2 2027 earnings at $2.28 EPS, Q3 2027 earnings at $2.27 EPS, Q4 2027 earnings at $2.52 EPS and FY2027 earnings at $9.26 EPS.

Several other research analysts also recently commented on NEM. Canaccord Genuity Group decreased their target price on shares of Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. Scotiabank dropped their price target on shares of Newmont from $151.00 to $147.00 and set a “sector outperform” rating for the company in a research report on Tuesday, July 14th. Canadian Imperial Bank of Commerce reissued an “outperform” rating and issued a $168.00 price target on shares of Newmont in a report on Tuesday, July 28th. TD Cowen reissued a “buy” rating on shares of Newmont in a report on Monday, April 27th. Finally, TD Securities upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $132.11.

Newmont Stock Performance

NYSE:NEM opened at $117.15 on Monday. The firm has a market cap of $123.44 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.26 and a beta of 0.47. Newmont has a fifty-two week low of $67.11 and a fifty-two week high of $134.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.26 and a current ratio of 2.55. The business has a 50 day moving average price of $98.10 and a 200-day moving average price of $109.03.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.05 by $0.05. Newmont had a return on equity of 29.10% and a net margin of 33.36%.The business had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.35 billion. During the same period last year, the company earned $1.43 EPS.

Institutional Investors Weigh In On Newmont

Several hedge funds have recently bought and sold shares of the business. Pinnacle Bancorp Inc. purchased a new position in shares of Newmont during the first quarter valued at approximately $25,000. Cedar Mountain Advisors LLC bought a new position in Newmont during the 1st quarter valued at approximately $25,000. Clearstead Trust LLC bought a new position in Newmont during the 2nd quarter valued at approximately $25,000. Swiss RE Ltd. purchased a new position in Newmont during the fourth quarter valued at $26,000. Finally, Cornerstone Planning Group LLC raised its stake in Newmont by 312.1% during the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock valued at $27,000 after buying an additional 206 shares during the last quarter. Institutional investors own 68.85% of the company’s stock.

Insider Buying and Selling

In other Newmont news, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Monday, August 3rd. The stock was sold at an average price of $93.45, for a total value of $280,350.00. Following the completion of the transaction, the executive vice president owned 40,315 shares in the company, valued at approximately $3,767,436.75. This represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 7,764 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total value of $807,456.00. Following the transaction, the chief executive officer directly owned 135,235 shares of the company’s stock, valued at $14,064,440. This represents a 5.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 32,091 shares of company stock valued at $3,292,513 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Newmont Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Thursday, September 3rd will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont’s dividend payout ratio is presently 13.13%.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont and Barrick settle Nevada dispute: The companies agreed to an amended joint-venture arrangement valued at approximately $1.95 billion. The agreement addresses excluded properties and resolves all outstanding disputes, improving certainty around the Nevada Gold Mines asset and its future development. Barrick and Newmont Reach Agreement Regarding Nevada Gold Mines Joint Venture
• Positive Sentiment: Consent to Barrick’s IPO removes a potential obstacle: Newmont has approved Barrick’s proposed North American gold-asset IPO. The agreement is intended to allow both companies to maximize the value of the Nevada joint venture while reducing the risk of a prolonged legal or operational dispute. Barrick, Newmont settle dispute with $1.95B deal
• Neutral Sentiment: Analyst sentiment remains generally constructive: Newmont received a consensus “Moderate Buy” rating, although one Zacks update issued a bearish estimate for the company’s third-quarter earnings. This creates a mixed near-term outlook despite the favorable settlement news. Newmont Receives Consensus Rating of Moderate Buy
• Negative Sentiment: Insider selling may temper enthusiasm: Newmont CEO Natascha Viljoen sold 7,764 shares under a pre-arranged trading plan. Because the sale was scheduled in advance, it is not necessarily a signal of deteriorating business conditions, but it can still attract short-term investor attention. Newmont CEO Sells Shares Under Pre-Arranged Trading Plan

About Newmont

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.