Analysts Offer Predictions for Newmont FY2026 Earnings

Key Points

• Analysts at National Bank Financial raised their FY2026 EPS estimate for Newmont to $7.64 per share from $7.28, maintaining a "Strong-Buy" rating on the stock.
• Newmont reported a quarterly EPS of $1.43, significantly exceeding analyst expectations of $0.95, with revenues totaling $5.32 billion.
• The firm announced a quarterly dividend of $0.25 per share, reflecting a 1.2% yield and a payout ratio of 17.95%.

Newmont Corporation (NYSE:NEM - Free Report) - Research analysts at National Bank Financial upped their FY2026 EPS estimates for shares of Newmont in a note issued to investors on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings of $7.64 per share for the year, up from their previous forecast of $7.28. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for Newmont's current full-year earnings is $3.45 per share.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.48. Newmont had a return on equity of 17.86% and a net margin of 30.50%.The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $4.70 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The firm's quarterly revenue was up 20.8% compared to the same quarter last year.

Several other analysts also recently weighed in on the company. UBS Group raised their target price on Newmont from $70.00 to $92.00 and gave the company a "buy" rating in a research note on Friday, September 19th. Scotiabank raised their price target on Newmont from $69.00 to $72.00 and gave the stock a "sector perform" rating in a report on Monday, July 28th. National Bankshares reissued an "outperform" rating on shares of Newmont in a research note on Monday. BNP Paribas downgraded Newmont from a "strong-buy" rating to a "hold" rating in a research report on Thursday, September 4th. Finally, Royal Bank Of Canada upgraded Newmont from a "sector perform" rating to an "outperform" rating and raised their target price for the company from $66.00 to $95.00 in a research report on Wednesday, September 10th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Newmont currently has a consensus rating of "Moderate Buy" and an average price target of $73.38.

Newmont Trading Down 1.4%

Shares of NEM opened at $83.45 on Thursday. The stock has a market cap of $91.66 billion, a PE ratio of 14.98, a P/E/G ratio of 0.98 and a beta of 0.34. The stock's 50-day moving average is $70.97 and its two-hundred day moving average is $59.15. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.23 and a quick ratio of 1.91. Newmont has a 12 month low of $36.86 and a 12 month high of $86.62.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its position in Newmont by 8.9% during the 1st quarter. Bank of New York Mellon Corp now owns 16,014,066 shares of the basic materials company's stock worth $773,159,000 after purchasing an additional 1,306,783 shares in the last quarter. Norges Bank purchased a new stake in Newmont in the 2nd quarter worth about $919,170,000. Invesco Ltd. grew its stake in Newmont by 45.0% during the 2nd quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company's stock valued at $908,152,000 after acquiring an additional 4,839,447 shares in the last quarter. Northern Trust Corp lifted its position in shares of Newmont by 1.5% in the first quarter. Northern Trust Corp now owns 12,934,095 shares of the basic materials company's stock worth $624,458,000 after purchasing an additional 191,940 shares in the last quarter. Finally, Amundi boosted its holdings in shares of Newmont by 2.8% during the first quarter. Amundi now owns 12,646,114 shares of the basic materials company's stock worth $611,187,000 after purchasing an additional 343,535 shares during the period. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Brian Tabolt sold 7,015 shares of the company's stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $68.02, for a total transaction of $477,160.30. Following the completion of the sale, the chief accounting officer directly owned 32,615 shares of the company's stock, valued at $2,218,472.30. This represents a 17.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $63.66, for a total value of $190,980.00. Following the completion of the transaction, the executive vice president directly owned 58,736 shares in the company, valued at $3,739,133.76. This represents a 4.86% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,246 shares of company stock worth $1,253,559. 0.05% of the stock is owned by insiders.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Thursday, September 4th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, September 4th. Newmont's dividend payout ratio (DPR) is presently 17.95%.

Newmont Company Profile

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.

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