Zacks Research Analysts Boost Earnings Estimates for Newmont

Newmont Corporation (NYSE:NEM) – Equities researchers at Zacks Research upped their Q1 2028 earnings per share estimates for shares of Newmont in a research report issued to clients and investors on Thursday, August 6th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings per share of $2.83 for the quarter, up from their previous estimate of $2.60. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $9.06 per share. Zacks Research also issued estimates for Newmont’s Q2 2028 earnings at $2.70 EPS and FY2028 earnings at $10.81 EPS.

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

Other analysts have also recently issued reports about the company. The Goldman Sachs Group dropped their price objective on Newmont from $122.50 to $111.40 and set a “buy” rating for the company in a report on Wednesday, July 1st. Scotiabank reduced their target price on shares of Newmont from $151.00 to $147.00 and set a “sector outperform” rating on the stock in a research note on Tuesday, July 14th. Royal Bank Of Canada lowered their price target on shares of Newmont from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. Canaccord Genuity Group dropped their price target on shares of Newmont from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, July 23rd. Finally, Barclays cut their price objective on shares of Newmont from $125.00 to $124.00 and set an “overweight” rating on the stock in a report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $132.11.

Newmont Price Performance

Newmont stock opened at $105.48 on Friday. The business’s 50-day simple moving average is $97.86 and its 200 day simple moving average is $109.05. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15. The stock has a market cap of $111.14 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 1.15 and a beta of 0.47. Newmont has a 12-month low of $67.11 and a 12-month high of $134.88.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd will be paid a $0.26 dividend. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.0%. Newmont’s dividend payout ratio is 13.13%.

Insider Buying and Selling

In related news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $93.45, for a total transaction 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. The trade was a 6.93% decrease in their ownership of the stock. The sale 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 3,882 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $105.32, for a total transaction of $408,852.24. Following the completion of the sale, the chief executive officer directly owned 142,999 shares of the company’s stock, valued at $15,060,654.68. The trade was a 2.64% 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 sold a total of 12,882 shares of company stock worth $1,282,302 over the last quarter. 0.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Newmont

Several institutional investors and hedge funds have recently made changes to their positions in NEM. Pinnacle Bancorp Inc. bought a new stake in shares of Newmont in the 1st quarter valued at $25,000. Cedar Mountain Advisors LLC bought a new position in Newmont during the first quarter worth about $25,000. Clearstead Trust LLC acquired a new position in Newmont in the second quarter valued at about $25,000. Swiss RE Ltd. acquired a new position in Newmont in the fourth quarter valued at about $26,000. Finally, Cornerstone Planning Group LLC increased its holdings in shares of Newmont by 312.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 206 shares in the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

More Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s recent quarterly update highlighted approximately 1.3 million attributable gold ounces of production, record quarterly free cash flow of about $2.2 billion, continued progress toward 2026 guidance, a $0.26 quarterly dividend and substantial share repurchases. These factors strengthen the investment case while gold prices remain elevated. Newmont gains as investors appear to respond to strong quarterly cash flow and a supportive gold backdrop
• Positive Sentiment: Coverage emphasizing record gold prices and Newmont’s exposure to the precious-metals sector likely supported buying interest. The company’s latest reported earnings also exceeded consensus, with EPS of $2.10 versus estimates of $2.05, despite revenue falling short of expectations. Newmont gains as record gold prices lift the sector
• Positive Sentiment: Analyst sentiment remains broadly favorable. Newmont carries a “Moderate Buy” consensus, while recently cited price targets generally remain above the current trading level, although several firms have reduced their targets. Brokers suggest investing in Newmont
• Neutral Sentiment: Awalé completed a $20.7 million strategic financing that included Newmont’s equity investment. Newmont retains approximately 8.2% ownership, preserving exposure to a potential exploration success but with limited immediate impact on NEM’s results. Awalé completes strategic financing
• Neutral Sentiment: An Australian-market filing reported changes in Newmont’s CHESS Depositary Interests and common-share counts from cross-market transfers. This appears administrative rather than a change in operating fundamentals. Newmont trims CDI and common stock count
• Negative Sentiment: EVP Peter Toth sold 3,000 shares worth $280,350 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 6.93%, but the planned nature and relatively small size make it a limited negative signal. Newmont EVP sells 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.