Newmont FY2026 EPS Estimate Cut by National Bank Financial

Newmont Co. (NYSE:NEM - Free Report) - Investment analysts at National Bank Financial reduced their FY2026 earnings per share (EPS) estimates for Newmont in a note issued to investors on Thursday, April 24th. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will earn $5.35 per share for the year, down from their previous forecast of $5.47. National Bank Financial currently has a "Hold" rating on the stock. The consensus estimate for Newmont's current full-year earnings is $3.45 per share. National Bank Financial also issued estimates for Newmont's FY2027 earnings at $5.43 EPS.

Newmont (NYSE:NEM - Get Free Report) last released its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $0.71 by $0.54. The company had revenue of $5.01 billion for the quarter, compared to analysts' expectations of $4.82 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%. During the same period in the previous year, the business posted $0.55 EPS.

Several other research firms also recently commented on NEM. Cfra Research raised shares of Newmont to a "strong-buy" rating in a report on Friday, April 25th. BMO Capital Markets reiterated an "outperform" rating on shares of Newmont in a research report on Thursday, April 24th. Royal Bank of Canada increased their price objective on Newmont from $51.00 to $52.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. Scotiabank reaffirmed a "sector perform" rating on shares of Newmont in a report on Monday, April 14th. Finally, TD Securities lowered their price target on shares of Newmont from $46.00 to $45.00 and set a "hold" rating on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Newmont has an average rating of "Moderate Buy" and a consensus target price of $55.63.

Newmont Stock Performance

Newmont stock traded down $1.77 during midday trading on Monday, reaching $50.91. The stock had a trading volume of 2,874,043 shares, compared to its average volume of 11,823,984. The firm has a market capitalization of $57.39 billion, a PE ratio of 17.38, a P/E/G ratio of 0.41 and a beta of 0.54. Newmont has a 12 month low of $36.86 and a 12 month high of $58.72. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The firm's 50-day moving average price is $48.27 and its 200 day moving average price is $45.17.

Hedge Funds Weigh In On Newmont

Several large investors have recently modified their holdings of the stock. SOA Wealth Advisors LLC. raised its position in Newmont by 64.0% during the 1st quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 201 shares in the last quarter. Cloud Capital Management LLC purchased a new stake in Newmont in the first quarter valued at about $26,000. Private Trust Co. NA raised its stake in Newmont by 122.6% in the 1st quarter. Private Trust Co. NA now owns 630 shares of the basic materials company's stock worth $30,000 after acquiring an additional 347 shares during the last quarter. Nexus Investment Management ULC purchased a new stake in shares of Newmont in the 1st quarter valued at $31,000. Finally, Alpine Bank Wealth Management purchased a new position in shares of Newmont during the 1st quarter valued at about $32,000. Institutional investors own 68.85% of the company's stock.

Insiders Place Their Bets

In related news, COO Natascha Viljoen sold 9,000 shares of Newmont stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total transaction of $386,010.00. Following the transaction, the chief operating officer now directly owns 136,967 shares in the company, valued at approximately $5,874,514.63. The trade was a 6.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $89,082.53. Following the sale, the director now directly owns 49,993 shares in the company, valued at approximately $2,144,199.77. This represents a 3.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,154 shares of company stock worth $825,678 over the last three months. Company insiders own 0.05% of the company's stock.

Newmont Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Shareholders of record on Tuesday, May 27th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.00 annualized dividend and a yield of 1.96%. Newmont's dividend payout ratio (DPR) is presently 22.42%.

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.