FY2026 Earnings Estimate for Newmont Issued By Stifel Canada

Key Points

• Stifel Canada has increased its FY2026 earnings estimate for Newmont Corporation, raising the forecast from $4.43 to $7.10 per share, while also projecting FY2027 earnings at $8.37 per share.
• Despite the upgrade from Stifel, other firms like BNP Paribas have downgraded their ratings, showing mixed opinions on the stock, which currently has a consensus target price of $90.39.
• Newmont's recent quarterly earnings exceeded expectations, reporting $1.43 EPS against a consensus of $0.95, and the company has seen significant insider selling in shares.

Newmont Corporation (NYSE:NEM - Free Report) - Stock analysts at Stifel Canada lifted their FY2026 earnings per share estimates for shares of Newmont in a research note issued on Monday, October 20th. Stifel Canada analyst R. Profiti now forecasts that the basic materials company will earn $7.10 per share for the year, up from their prior estimate of $4.43. Stifel Canada has a "Strong-Buy" rating on the stock. The consensus estimate for Newmont's current full-year earnings is $3.45 per share. Stifel Canada also issued estimates for Newmont's FY2027 earnings at $8.37 EPS.

A number of other research firms have also recently weighed in on NEM. BNP Paribas cut Newmont from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 4th. National Bankshares restated an "outperform" rating on shares of Newmont in a research note on Monday, September 22nd. National Bank Financial upgraded Newmont from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 25th. Zacks Research upgraded Newmont from a "hold" rating to a "strong-buy" rating in a research note on Monday. Finally, Citigroup increased their price objective on Newmont from $74.00 to $104.00 and gave the stock a "buy" rating in a research report on Wednesday, October 15th. Five investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $90.39.

Newmont Stock Up 0.7%

NEM opened at $86.92 on Thursday. Newmont has a 1-year low of $36.86 and a 1-year high of $98.58. The stock's fifty day simple moving average is $80.48 and its 200 day simple moving average is $64.85. The company has a current ratio of 2.23, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23. The stock has a market cap of $95.48 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 0.59 and a beta of 0.34.

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 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 business had revenue of $5.32 billion for the quarter, compared to analysts' expectations of $4.70 billion. During the same quarter in the prior year, the business earned $0.72 EPS. The firm's revenue for the quarter was up 20.8% on a year-over-year basis.

Insider Activity

In other news, 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 transaction of $190,980.00. Following the sale, the executive vice president directly owned 58,736 shares of the company's stock, valued at approximately $3,739,133.76. This trade represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $84.99, for a total value of $176,779.20. Following the sale, the director directly owned 36,869 shares in the company, valued at $3,133,496.31. The trade was a 5.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 16,249 shares of company stock valued at $1,132,065. 0.05% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Newmont

Hedge funds have recently made changes to their positions in the stock. Harbor Capital Advisors Inc. raised its position in shares of Newmont by 53.5% during the third quarter. Harbor Capital Advisors Inc. now owns 399 shares of the basic materials company's stock worth $34,000 after acquiring an additional 139 shares during the last quarter. Concord Wealth Partners raised its position in shares of Newmont by 534.7% during the second quarter. Concord Wealth Partners now owns 457 shares of the basic materials company's stock worth $27,000 after acquiring an additional 385 shares during the last quarter. Evermay Wealth Management LLC raised its position in shares of Newmont by 408.2% during the second quarter. Evermay Wealth Management LLC now owns 498 shares of the basic materials company's stock worth $29,000 after acquiring an additional 400 shares during the last quarter. Salomon & Ludwin LLC bought a new position in shares of Newmont during the third quarter worth about $44,000. Finally, Capital A Wealth Management LLC raised its position in shares of Newmont by 1,648.3% during the second quarter. Capital A Wealth Management LLC now owns 507 shares of the basic materials company's stock worth $30,000 after acquiring an additional 478 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors.

About Newmont

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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