Newmont Stock Earnings Estimates Reduced by Zacks Research

Newmont Corporation (NYSE:NEM) – Stock analysts at Zacks Research dropped their FY2026 earnings per share estimates for Newmont in a research note issued on Thursday, November 5th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings per share of $8.91 for the year, down from their previous estimate of $8.92. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $9.14 per share. Zacks Research also issued estimates for Newmont’s Q1 2027 earnings at $2.22 EPS, Q2 2027 earnings at $2.14 EPS, Q3 2027 earnings at $2.20 EPS, Q4 2027 earnings at $2.33 EPS, FY2027 earnings at $8.89 EPS, Q1 2028 earnings at $2.75 EPS, Q2 2028 earnings at $2.92 EPS, Q3 2028 earnings at $2.76 EPS and FY2028 earnings at $11.38 EPS.

Other research analysts have also issued reports about the company. Argus set a $110.00 price target on Newmont and gave the stock a “buy” rating in a report on Monday, August 3rd. RBC Dominion Securities set a $155.00 price objective on shares of Newmont and gave the stock an “outperform” rating in a research note on Thursday, October 22nd. TD Securities raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Raymond James Financial reiterated an “outperform” rating and set a $140.00 target price (up from $131.00) on shares of Newmont in a research note on Monday, August 24th. Finally, TD increased their price target on shares of Newmont from $127.00 to $133.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $137.20.

Newmont Stock Performance

NEM opened at $119.74 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average price is $119.10 and its two-hundred day moving average price is $112.47. The firm has a market capitalization of $124.43 billion, a P/E ratio of 13.92, a price-to-earnings-growth ratio of 2.15 and a beta of 0.56. Newmont has a 12-month low of $81.34 and a 12-month high of $135.29.

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

Institutional Investors Weigh In On Newmont

A number of institutional investors have recently bought and sold shares of NEM. Eurizon Capital SGR S.p.A. acquired a new position in Newmont during the third quarter valued at approximately $143,153,000. Werba Rubin Papier Wealth Management bought a new stake in shares of Newmont during the 3rd quarter worth approximately $213,000. CENTRAL TRUST Co acquired a new stake in shares of Newmont in the 3rd quarter valued at approximately $860,000. Forest Hill Capital LLC acquired a new stake in shares of Newmont in the 3rd quarter valued at approximately $22,462,000. Finally, Paradigm Asset Management Co. LLC bought a new position in shares of Newmont in the third quarter valued at $2,445,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insider Activity at Newmont

In other news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total transaction of $477,486.00. Following the sale, the chief executive officer owned 131,353 shares of the company’s stock, valued at approximately $16,156,419. This trade represents a 2.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $324,120.00. Following the sale, the executive vice president owned 31,315 shares in the company, valued at approximately $3,383,272.60. This represents a 8.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 20,646 shares of company stock valued at $2,380,140. 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, December 21st. Shareholders 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 yield of 0.9%. Newmont’s dividend payout ratio is 12.09%.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s strong third-quarter performance—higher sales and net income, lower reported costs, and upgraded full-year production guidance—supports the bullish view. The report also points to a recent sharp rise in the shares. Article: Is Newmont Still Undervalued?
• Positive Sentiment: Scotiabank raised its 2026 EPS estimate to $9.23 from $8.96 and maintained a Sector Outperform rating with a $148 price target, signaling confidence in near-term earnings. Article: Scotiabank raises Newmont 2026 EPS estimate
• Positive Sentiment: Newmont’s free cash flow is helping fund growth projects and additional shareholder returns, potentially supporting longer-term value. Article: Can Newmont’s Free Cash Flow Momentum Carry Into Q4?
• Neutral Sentiment: Scotiabank lowered its 2027 EPS estimate to $9.03 from $9.14, though it retained its Sector Outperform rating and $148 target. The adjustment tempers, but does not overturn, its positive stance. Article: Scotiabank adjusts Newmont EPS estimates
• Neutral Sentiment: A Zacks article highlighted Newmont as a potential long-term growth stock, but provided no company-specific new catalyst in the supplied summary. Article: Newmont as a Long-Term Growth Stock
• Negative Sentiment: EVP Peter Toth sold 3,000 shares, a modest potential sentiment overhang; the sale was made under a prearranged trading plan. Article: Newmont EVP Sells Shares

Newmont Company Profile

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.