Newmont Corporation (NYSE:NEM – Free Report) – Equities research analysts at Scotiabank lifted their FY2026 earnings per share (EPS) estimates for shares of Newmont in a report issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings per share of $8.80 for the year, up from their prior forecast of $8.73. Scotiabank currently has a “Sector Outperform” rating and a $147.00 target price on the stock. The consensus estimate for Newmont’s current full-year earnings is $9.32 per share.
Newmont (NYSE:NEM – Get Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share for the quarter, topping the consensus estimate of $2.07 by $0.83. The company had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $6.83 billion. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The firm’s revenue for the quarter was up 45.8% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 earnings per share.
Read Our Latest Report on Newmont
Newmont Stock Performance
Shares of Newmont stock opened at $90.83 on Friday. Newmont has a 12 month low of $56.73 and a 12 month high of $134.88. The firm has a market capitalization of $96.96 billion, a P/E ratio of 11.78, a P/E/G ratio of 1.08 and a beta of 0.46. The company has a current ratio of 2.44, a quick ratio of 2.17 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $102.85 and a two-hundred day simple moving average of $110.35.
Newmont Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Wednesday, May 27th. Newmont’s dividend payout ratio is currently 13.49%.
Insider Activity
In other news, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $92.38, for a total transaction of $277,140.00. Following the sale, the executive vice president owned 43,315 shares in the company, valued at $4,001,439.70. This represents a 6.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Wexler sold 13,378 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $110.11, for a total transaction of $1,473,051.58. Following the sale, the executive vice president directly owned 67,865 shares of the company’s stock, valued at $7,472,615.15. This trade represents a 16.47% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 28,556 shares of company stock worth $3,058,146. Corporate insiders own 0.06% of the company’s stock.
Institutional Trading of Newmont
A number of institutional investors and hedge funds have recently modified their holdings of NEM. Accel Wealth Management raised its stake in shares of Newmont by 0.8% in the second quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company’s stock worth $1,377,000 after purchasing an additional 115 shares during the last quarter. Tema ETFs LLC boosted its position in shares of Newmont by 10.1% during the second quarter. Tema ETFs LLC now owns 19,015 shares of the basic materials company’s stock valued at $1,776,000 after buying an additional 1,740 shares during the last quarter. E. Ohman J or Asset Management AB increased its holdings in Newmont by 4.5% in the 2nd quarter. E. Ohman J or Asset Management AB now owns 37,498 shares of the basic materials company’s stock worth $3,502,000 after buying an additional 1,600 shares in the last quarter. Fulcrum Equity Management raised its position in Newmont by 30.1% in the 2nd quarter. Fulcrum Equity Management now owns 2,599 shares of the basic materials company’s stock worth $243,000 after buying an additional 601 shares during the last quarter. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new position in Newmont in the 2nd quarter worth about $381,000. Institutional investors own 68.85% of the company’s stock.
Key Newmont News
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Newmont resumed operations at its Cadia mine after a seismic event, with safety checks showing no injuries or damage. The update also highlighted continued progress on growth projects such as Ahafo North and Tanami Expansion 2, which supports the company’s operational outlook. Newmont (NEM) Resumes Cadia Operations As It Pushes Ahead With Key Growth Projects
- Positive Sentiment: Analyst commentary remained generally constructive, with reports saying Newmont has received multiple upgrades and that its buybacks and improving free cash flow could strengthen investor confidence over time. Did Analyst Upgrades and Buybacks Just Shift Newmont’s (NEM) Operational Efficiency Investment Narrative?
- Positive Sentiment: Some market commentary argued Newmont remains undervalued and could benefit from upcoming permit-driven growth at Red Chris, with a possible production rebound that may prompt estimate upgrades. Newmont: The Permits That Set The Stage For A Re-Rating
- Neutral Sentiment: Several preview pieces ahead of next week’s earnings report said Newmont is expected to grow earnings, but that the setup does not strongly favor a clean beat, keeping expectations balanced. Newmont Corporation (NEM) Earnings Expected to Grow: What to Know Ahead of Next Week’s Release
- Neutral Sentiment: Other articles were mostly descriptive, discussing Newmont’s global mining scale and position among major miners without introducing a clear new catalyst. Predictive invests in Awalé alongside Newmont, Fortuna
- Negative Sentiment: Newmont was also reported to have been downgraded by Zacks Research from “strong-buy” to “hold,” which may have added to selling pressure. Newmont downgraded by Zacks Research from strong-buy to hold
- Negative Sentiment: One recent note said the stock has been under pressure over the past few months as weaker gold prices weighed on sentiment, even though long-term fundamentals such as cash flow and buybacks remain supportive. Newmont Stock Slides 16% in 3 Months: Here’s How to Play the Stock
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.
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