FY2026 Earnings Estimate for Newmont Issued By Scotiabank

Newmont Corporation (NYSE:NEM) – Research analysts at Scotiabank lifted their FY2026 earnings estimates for shares of Newmont in a note issued to investors on Monday, November 2nd. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings of $9.23 per share for the year, up from their prior estimate of $8.96. Scotiabank has a “Sector Outperform” rating and a $148.00 price objective on the stock. The consensus estimate for Newmont’s current full-year earnings is $9.11 per share. Scotiabank also issued estimates for Newmont’s FY2027 earnings at $9.03 EPS.

Other equities research analysts also recently issued research reports about the company. BNP Paribas Exane upped their price objective on Newmont from $102.00 to $112.00 and gave the company a “neutral” rating in a report on Monday, August 17th. TD Cowen reduced their target price on Newmont from $133.00 to $131.00 in a report on Tuesday, October 20th. Jefferies Financial Group boosted their target price on Newmont from $146.00 to $155.00 in a research report on Friday, October 9th. Royal Bank Of Canada upped their price target on Newmont from $135.00 to $155.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Finally, Argus set a $110.00 price target on shares of Newmont and gave the company a “buy” rating in a research report on Monday, August 3rd. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $137.20.

Newmont Stock Up 10.0%

NYSE:NEM opened at $118.22 on Thursday. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15. Newmont has a 12-month low of $80.49 and a 12-month high of $135.29. The stock’s fifty day simple moving average is $119.34 and its 200-day simple moving average is $112.44. The firm has a market capitalization of $122.85 billion, a P/E ratio of 13.75, a P/E/G ratio of 1.96 and a beta of 0.56.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the prior year, the business posted $1.71 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis.

Institutional Investors Weigh In On Newmont

Several large investors have recently modified their holdings of the business. Lido Advisors LLC bought a new stake in Newmont during the 3rd quarter worth approximately $5,045,000. Keybank National Association OH bought a new position in Newmont in the third quarter valued at approximately $77,369,000. Elevated Capital Advisors LLC bought a new position in Newmont in the third quarter valued at approximately $440,000. Cornerstone Wealth Management LLC bought a new position in Newmont in the third quarter valued at approximately $346,000. Finally, Searle & CO. acquired a new position in shares of Newmont in the third quarter valued at approximately $678,000. 68.85% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Newmont news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $324,120.00. Following the transaction, the executive vice president directly owned 31,315 shares in the company, valued at approximately $3,383,272.60. The trade was a 8.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $108.04, for a total value of $419,411.28. Following the transaction, the chief executive officer owned 101,691 shares in the company, valued at approximately $10,986,695.64. This represents a 3.68% decrease in their ownership of the stock. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 20,646 shares of company stock valued at $2,380,140. 0.06% of the stock is owned by corporate insiders.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be issued a $0.26 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $1.04 annualized dividend and a dividend yield of 0.9%. Newmont’s payout ratio is 12.09%.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s strong free-cash-flow momentum is supporting investment in growth projects and additional shareholder returns, a potential fundamental tailwind. Article: Can Newmont’s Strong Free Cash Flow Momentum Carry Into Q4?
• Positive Sentiment: Recent quarterly results also provide support: Newmont beat analyst expectations for earnings and revenue, with revenue up year over year. Newmont company information
• Negative Sentiment: Insider-sale reports may weigh modestly on sentiment. EVP Peter Toth sold 3,000 shares, while the reported executive transactions were made under pre-arranged plans; the CEO’s sale was described as covering tax withholding on vested awards, which reduces their significance as a signal about the company’s outlook. Article: Insider Selling: Newmont EVP Sells 3,000 Shares

About Newmont

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.