Scotiabank Has Optimistic Opinion of Newmont FY2026 Earnings

Key Points

• Scotiabank raised its FY2026 EPS estimate for Newmont to $9.23 from $8.96, above the $9.11 consensus, and forecast FY2027 EPS of $9.03. It maintains a “Sector Outperform” rating and a $148 price target.
• Newmont’s latest quarter beat expectations, reporting EPS of $2.20 versus $1.94 and revenue of $6.36 billion versus $6.27 billion; revenue increased 15.2% year over year.
• Analyst sentiment is broadly positive: MarketBeat reports a “Moderate Buy” consensus rating and an average price target of $137.20. Newmont also declared a quarterly dividend of $0.26 per share, equivalent to a 0.9% yield.

Newmont Corporation (NYSE:NEM - Free Report) - Analysts at Scotiabank boosted their FY2026 EPS estimates for shares of Newmont in a research note issued to investors on Monday, November 2nd. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings of $9.23 per share for the year, up from their prior forecast of $8.96. Scotiabank has a "Sector Outperform" rating and a $148.00 price objective on the stock. The consensus estimate for Newmont's current full-year earnings is $9.11 per share. Scotiabank also issued estimates for Newmont's FY2027 earnings at $9.03 EPS.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.26. The company had revenue of $6.36 billion for the quarter, compared to the consensus estimate of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The firm's revenue was up 15.2% compared to the same quarter last year. During the same period last year, the business posted $1.71 earnings per share.

NEM has been the topic of a number of other research reports. Sanford C. Bernstein raised their target price on Newmont from $144.00 to $150.00 in a report on Friday, October 16th. Weiss Ratings raised Newmont from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, October 16th. TD Securities upgraded Newmont from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 14th. TD Cowen reduced their price objective on Newmont from $133.00 to $131.00 in a research report on Tuesday, October 20th. Finally, Zacks Research cut Newmont from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $137.20.

Newmont Price Performance

NYSE NEM opened at $118.22 on Thursday. Newmont has a twelve month low of $80.49 and a twelve month high of $135.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.16 and a current ratio of 2.45. The stock has a market capitalization of $122.85 billion, a PE ratio of 13.75, a P/E/G ratio of 1.96 and a beta of 0.56. The stock has a 50-day simple moving average of $119.34 and a 200 day simple moving average of $112.44.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Cedar Mountain Advisors LLC bought a new stake in shares of Newmont during the first quarter worth $25,000. Clearstead Trust LLC acquired a new position in shares of Newmont during the second quarter valued at $25,000. Kilter Group LLC bought a new position in Newmont in the second quarter valued at about $26,000. GoalVest Advisory LLC bought a new position in Newmont in the third quarter valued at about $28,000. Finally, Financial Management Professionals Inc. bought a new position in Newmont in the third quarter valued at about $30,000. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of the company's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total value of $477,486.00. Following the completion of the transaction, the chief executive officer owned 131,353 shares of the company's stock, valued at $16,156,419. This represents a 2.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total value of $324,120.00. Following the completion of the sale, the executive vice president owned 31,315 shares of the company's stock, valued at $3,383,272.60. This represents a 8.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,646 shares of company stock worth $2,380,140 over the last 90 days. Corporate insiders own 0.06% of the company's stock.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 0.9%. The ex-dividend date is Wednesday, November 25th. Newmont's payout ratio is currently 12.09%.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s strong free-cash-flow momentum is supporting investment in growth projects and additional shareholder returns, a potential fundamental tailwind. Article: Can Newmont's Strong Free Cash Flow Momentum Carry Into Q4?
• Positive Sentiment: Recent quarterly results also provide support: Newmont beat analyst expectations for earnings and revenue, with revenue up year over year. Newmont company information
• Negative Sentiment: Insider-sale reports may weigh modestly on sentiment. EVP Peter Toth sold 3,000 shares, while the reported executive transactions were made under pre-arranged plans; the CEO’s sale was described as covering tax withholding on vested awards, which reduces their significance as a signal about the company’s outlook. Article: Insider Selling: Newmont EVP Sells 3,000 Shares

About Newmont

Newmont Corporation NYSE: NEM is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world's largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.

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