Brokers Issue Forecasts for Newmont's Q3 Earnings (NYSE:NEM)

Key Points

• Zacks Research lowered Newmont’s Q3 2026 EPS forecast to $1.92 from $2.19 and maintained a “Hold” rating. Its full-year 2026 estimate is now $8.92 per share, versus the broader consensus of $9.00.
• Newmont’s latest quarterly results exceeded expectations, with EPS of $2.10 versus the $2.05 consensus, although revenue of $6.12 billion fell short of the $6.35 billion estimate. Earnings improved from $1.43 per share in the prior-year period.
• Analyst sentiment remains broadly positive but mixed: Newmont has a “Moderate Buy” consensus rating and a $132.11 target price, while recent brokerages have adjusted targets in both directions. The company also declared a quarterly dividend of $0.26 per share, yielding approximately 0.9%.

Newmont Corporation (NYSE:NEM - Free Report) - Research analysts at Zacks Research dropped their Q3 2026 earnings per share (EPS) estimates for Newmont in a report issued on Thursday, August 6th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings of $1.92 per share for the quarter, down from their prior forecast of $2.19. Zacks Research has a "Hold" rating on the stock. The consensus estimate for Newmont's current full-year earnings is $9.00 per share. Zacks Research also issued estimates for Newmont's Q4 2026 earnings at $2.01 EPS, FY2026 earnings at $8.92 EPS, Q1 2027 earnings at $2.19 EPS, Q2 2027 earnings at $2.28 EPS, Q3 2027 earnings at $2.27 EPS, Q4 2027 earnings at $2.52 EPS and FY2027 earnings at $9.26 EPS.

Newmont (NYSE:NEM - Get Free Report) last announced its quarterly 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. The business had revenue of $6.12 billion for the quarter, compared to analysts' expectations of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%.During the same period in the prior year, the firm earned $1.43 EPS.

NEM has been the topic of several other reports. Argus set a $110.00 target price on Newmont in a research report on Monday, August 3rd. Canaccord Genuity Group reduced their price target on shares of Newmont from $160.00 to $130.00 and set a "buy" rating for the company in a report on Thursday, July 23rd. BNP Paribas Exane lowered their price target on shares of Newmont from $111.00 to $102.00 and set a "neutral" rating for the company in a research report on Tuesday, July 21st. Macquarie Infrastructure cut their price objective on shares of Newmont from $133.00 to $123.00 and set an "outperform" rating on the stock in a research report on Monday, June 15th. Finally, TD Securities raised shares of Newmont from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Two 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 company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $132.11.

Newmont Trading Up 0.0%

NYSE:NEM opened at $113.03 on Monday. The firm has a market capitalization of $119.09 billion, a P/E ratio of 14.27, a P/E/G ratio of 1.26 and a beta of 0.47. The business has a 50 day simple moving average of $97.92 and a 200 day simple moving average of $109.04. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. Newmont has a 12-month low of $67.11 and a 12-month high of $134.88.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date is Thursday, September 3rd. Newmont's payout ratio is 13.13%.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $93.45, for a total transaction of $280,350.00. Following the sale, the executive vice president directly owned 40,315 shares in the company, valued at $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 is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the completion of the sale, the chief financial officer directly owned 29,324 shares of the company's stock, valued at $3,081,659.16. The trade was a 28.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 32,091 shares of company stock valued at $3,292,513. 0.06% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Newmont

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in shares of Newmont by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 134,107,293 shares of the basic materials company's stock valued at $13,390,613,000 after acquiring an additional 637,996 shares during the period. BlackRock Inc. bought a new position in Newmont during the 2nd quarter valued at $11,289,753,000. State Street Corp boosted its stake in 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 purchasing an additional 480,223 shares in the last quarter. Van ECK Associates Corp increased its position 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 purchasing an additional 5,643,496 shares during the period. Finally, Geode Capital Management LLC increased its position 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 purchasing an additional 946,824 shares during the period. Institutional investors and hedge funds own 68.85% of the company's stock.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Gold rally supports revenue and cash-flow expectations. Gold’s seven-week winning streak is enhancing investor confidence in miners such as Newmont, although the metal remains below its January record. Gold's Winning Streak: Navigating Your ETF Options
• Positive Sentiment: Zacks raised Newmont’s longer-term earnings forecasts. Estimates increased to $2.83 EPS for Q1 2028, $2.70 for Q2 2028 and $10.81 for FY2028, up from $2.60, $2.61 and $10.63, respectively. The revisions suggest improving expectations for operating performance and gold prices, though Zacks still rates the shares “Hold.”
• Positive Sentiment: Valuation remains supportive. Coverage notes that NEM’s strong 182.7% three-year return has not eliminated its potential value, with discounted-cash-flow and earnings-multiple analyses indicating the stock may still trade below intrinsic value. Newmont Stock Stays Reasonable Following Its 183% Three Year Run
• Neutral Sentiment: Analyst signals are mixed. Newmont has a broadly bullish average brokerage recommendation, but Zacks’ quantitative ranking is “Sell” because of weaker revisions in some measures. This divergence may limit the impact of the positive consensus view. What Does Newmont’s Conflicting NEM Ratings Reveal About Its Underlying Earnings Story?
• Neutral Sentiment: Newmont retained an approximately 8.2% stake in Awalé after participating in the mining company’s $20.7 million strategic financing, maintaining exposure to a potential exploration asset.
• Negative Sentiment: Several executives sold shares. CEO Natascha Viljoen sold $807,456 of stock, CFO Brian Tabolt sold $1.20 million, and EVP Peter Toth sold $280,350. The CEO and EVP transactions were executed under pre-arranged Rule 10b5-1 plans, which reduces their signaling value, but the cluster of sales may still weigh modestly on sentiment.

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.

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