Scotiabank Comments on Newmont's FY2026 Earnings (NYSE:NEM)

Key Points

• Scotiabank raised Newmont’s FY2026 EPS estimate to $8.96 from $8.83 and maintained an “Outperform” rating with a $149 price target, close to the $8.99 consensus forecast.
• Newmont’s latest quarterly results beat expectations on earnings, reporting $2.10 EPS versus the $2.05 consensus, although revenue of $6.12 billion fell short of the $6.35 billion estimate.
• The stock opened at $127.86, while analysts maintain a consensus “Moderate Buy” rating and a $132.59 target; Newmont also declared a quarterly dividend of $0.26 per share.

Newmont Corporation (NYSE:NEM - Free Report) - Equities researchers at Scotiabank raised their FY2026 earnings estimates for Newmont in a report issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will earn $8.96 per share for the year, up from their previous estimate of $8.83. Scotiabank currently has a "Outperform" rating and a $149.00 target price on the stock. The consensus estimate for Newmont's current full-year earnings is $8.99 per share.

A number of other equities research analysts have also weighed in on the stock. Canaccord Genuity Group reduced their target price on shares of Newmont from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Thursday, July 23rd. TD lifted their price target on shares of Newmont from $127.00 to $133.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Royal Bank Of Canada reduced their price objective on shares of Newmont from $140.00 to $135.00 and set an "outperform" rating on the stock in a research note on Thursday, July 9th. Jefferies Financial Group cut their target price on Newmont from $158.00 to $146.00 and set a "buy" rating on the stock in a report on Monday, July 6th. Finally, Bank of America decreased their price target on Newmont from $157.00 to $132.00 and set a "buy" rating for the company in a research note on Thursday, July 9th. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $132.59.

Newmont Stock Performance

Newmont stock opened at $127.86 on Friday. The business has a 50 day moving average of $100.96 and a 200-day moving average of $108.80. The company has a market capitalization of $134.72 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.29 and a beta of 0.47. Newmont has a 1 year low of $68.90 and a 1 year high of $134.88. 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 (NYSE:NEM - Get Free Report) last released its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, beating the consensus estimate of $2.05 by $0.05. The company had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $6.35 billion. Newmont had a return on equity of 29.10% and a net margin of 33.36%.During the same quarter last year, the business posted $1.43 EPS.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Leonteq Securities AG purchased a new stake in Newmont during the fourth quarter valued at about $9,018,000. ARS Investment Partners LLC increased its holdings in shares of Newmont by 3.6% in the fourth quarter. ARS Investment Partners LLC now owns 697,063 shares of the basic materials company's stock worth $69,602,000 after buying an additional 23,900 shares during the period. Private Advisory Group LLC bought a new stake in shares of Newmont in the 2nd quarter valued at about $10,430,000. Thrivent Financial for Lutherans lifted its stake in shares of Newmont by 37.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 214,282 shares of the basic materials company's stock valued at $21,440,000 after acquiring an additional 58,690 shares during the last quarter. Finally, iA Global Asset Management Inc. boosted its holdings in Newmont by 156.9% during the 4th quarter. iA Global Asset Management Inc. now owns 221,790 shares of the basic materials company's stock valued at $22,146,000 after acquiring an additional 135,446 shares during the period. 68.85% of the stock is owned by institutional investors.

Insider Activity

In related news, CFO Brian Tabolt sold 11,445 shares of the company's stock in a transaction that occurred on 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 transaction, the chief financial officer directly owned 29,324 shares of the company's stock, valued at approximately $3,081,659.16. This represents a 28.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $93.45, for a total value of $280,350.00. Following the completion of the transaction, the executive vice president owned 40,315 shares in the company, valued at approximately $3,767,436.75. The trade was a 6.93% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 32,091 shares of company stock worth $3,292,513 in the last three months. Company insiders own 0.06% of the company's stock.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd will be paid a $0.26 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. Newmont's dividend payout ratio (DPR) is currently 13.13%.

About Newmont

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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