Scotiabank Has Bullish Estimate for Newmont FY2027 Earnings

Newmont Corporation (NYSE:NEM) – Stock analysts at Scotiabank increased their FY2027 earnings per share (EPS) estimates for shares of Newmont in a research note issued to investors on Wednesday, July 29th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will post earnings per share of $9.21 for the year, up from their previous estimate of $9.07. 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 $8.99 per share.

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

A number of other equities research analysts also recently weighed in on the stock. Weiss Ratings downgraded shares of Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 17th. Wall Street Zen lowered shares of Newmont from a “buy” rating to a “hold” rating in a research report on Saturday, July 25th. BNP Paribas Exane dropped their target price on shares of Newmont from $111.00 to $102.00 and set a “neutral” rating on the stock in a report on Tuesday, July 21st. Bank of America cut their target price on shares of Newmont from $157.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Jefferies Financial Group decreased their price target on shares of Newmont from $158.00 to $146.00 and set a “buy” rating on the stock in a research report on Monday, July 6th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $132.83.

Newmont Trading Up 4.9%

Shares of NEM stock opened at $95.81 on Friday. The stock has a 50-day simple moving average of $98.77 and a 200 day simple moving average of $109.56. The stock has a market capitalization of $100.95 billion, a P/E ratio of 12.10, a P/E/G ratio of 1.02 and a beta of 0.46. Newmont has a fifty-two week low of $61.76 and a fifty-two week high of $134.88. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd will be given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont’s dividend payout ratio (DPR) is 13.13%.

Insider Buying and Selling at Newmont

In other news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction on Monday, June 1st. The stock was sold at an average price of $105.32, for a total transaction of $408,852.24. Following the transaction, the chief executive officer owned 142,999 shares in the company, valued at approximately $15,060,654.68. The trade was a 2.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 company’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $92.38, for a total value of $277,140.00. Following the transaction, the executive vice president directly owned 43,315 shares in the company, valued at $4,001,439.70. The trade was a 6.48% 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. In the last ninety days, insiders sold 9,882 shares of company stock valued at $1,001,952. 0.06% of the stock is currently owned by insiders.

Institutional Trading of Newmont

A number of hedge funds have recently made changes to their positions in NEM. Vanguard Group Inc. increased its stake in Newmont by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 134,107,293 shares of the basic materials company’s stock valued at $13,390,613,000 after buying an additional 637,996 shares during the period. State Street Corp boosted its stake in shares of Newmont by 1.0% during the 4th quarter. State Street Corp now owns 49,959,850 shares of the basic materials company’s stock valued at $4,988,491,000 after buying an additional 480,223 shares during the period. Van ECK Associates Corp boosted its stake in shares of Newmont by 23.4% during the 4th quarter. Van ECK Associates Corp now owns 29,780,063 shares of the basic materials company’s stock valued at $2,973,539,000 after buying an additional 5,643,496 shares during the period. Geode Capital Management LLC grew its holdings in shares of Newmont by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 27,011,084 shares of the basic materials company’s stock valued at $2,738,756,000 after acquiring an additional 946,824 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Newmont during the 4th quarter valued at $1,443,128,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Scotiabank raises earnings estimate and maintains bullish rating: Scotiabank lifted its FY2026 earnings-per-share forecast for Newmont to $8.83 from $8.80, kept a “Sector Outperform” rating, and retained a $147 price target. The target implies meaningful upside from recent trading levels and reinforces the view that Newmont’s production portfolio and gold exposure can support earnings growth. Scotiabank raises Newmont earnings estimate
• Positive Sentiment: Heavy call-option buying signals bullish positioning: Investors purchased 37,951 Newmont call options on Wednesday, approximately 71% above typical daily volume. While options activity does not guarantee future performance, the unusually high call volume suggests increased speculative or hedging demand for an upside move. Investors buy high volume of Newmont call options
• Neutral Sentiment: Newmont versus Equinox comparison highlights competing investment factors: Both Newmont (NEM) and Equinox Gold (EQX) are described as having growth pipelines, strong balance sheets, and shareholder-return potential. Differences in valuation, expected production growth, and expansion plans mean the comparison is relevant to investors, but it does not provide a direct new catalyst for NEM. NEM versus EQX comparison
• Neutral Sentiment: Executive stock awards and ownership disclosures: Several Newmont executives, including the chief technical officer and chief operating officer, reported stock awards or changes in holdings. These routine filings may align management with shareholders, but they do not represent open-market purchases or materially change the company’s fundamentals. Newmont executive stock filings

Newmont Company Profile

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.