What is Scotiabank's Forecast for Newmont FY2026 Earnings?

Key Points

• Scotiabank has lowered its FY2026 earnings per share estimate for Newmont Corporation from $4.98 to $4.95, maintaining a "Sector Perform" rating with a price target of $72.00.
• The current consensus estimate for Newmont's full-year earnings is $3.45 per share, significantly below the revised forecast by Scotiabank.
• Newmont recently declared a $0.25 quarterly dividend, reflecting an annualized yield of 1.2% and a payout ratio of 17.95%.

Newmont Corporation (NYSE:NEM - Free Report) - Scotiabank lowered their FY2026 earnings per share estimates for Newmont in a research report issued on Wednesday, September 24th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings per share of $4.95 for the year, down from their prior estimate of $4.98. Scotiabank has a "Sector Perform" rating and a $72.00 price objective on the stock. The consensus estimate for Newmont's current full-year earnings is $3.45 per share.

A number of other research analysts have also commented on the company. Zacks Research lowered Newmont from a "strong-buy" rating to a "hold" rating in a report on Thursday, September 4th. CIBC raised their price target on Newmont from $74.00 to $78.00 and gave the company a "neutral" rating in a report on Friday, September 12th. The Goldman Sachs Group raised their price target on Newmont from $63.10 to $77.30 and gave the company a "neutral" rating in a report on Thursday, September 11th. Macquarie lowered Newmont from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 2nd. Finally, Stifel Nicolaus began coverage on Newmont in a report on Wednesday, July 9th. They set a "buy" rating and a $73.00 price target on the stock. Four investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $73.38.

Newmont Stock Performance

NEM stock opened at $85.17 on Monday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 2.23. The stock has a market capitalization of $93.55 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 0.99 and a beta of 0.33. Newmont has a 1 year low of $36.86 and a 1 year high of $86.62. The stock's fifty day moving average is $72.02 and its two-hundred day moving average is $59.93.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Thursday, July 24th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.48. The company had revenue of $5.32 billion for the quarter, compared to analysts' expectations of $4.70 billion. Newmont had a return on equity of 17.86% and a net margin of 30.50%.The firm's quarterly revenue was up 20.8% compared to the same quarter last year. During the same period last year, the business posted $0.72 earnings per share.

Hedge Funds Weigh In On Newmont

Institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC boosted its position in Newmont by 15.7% during the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock worth $506,000 after acquiring an additional 1,847 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Newmont by 30.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 185,833 shares of the basic materials company's stock worth $6,917,000 after acquiring an additional 43,250 shares during the period. Wellington Management Group LLP boosted its position in Newmont by 1.6% during the 4th quarter. Wellington Management Group LLP now owns 181,110 shares of the basic materials company's stock worth $6,741,000 after acquiring an additional 2,877 shares during the period. Central Pacific Bank Trust Division boosted its position in Newmont by 51.5% during the 1st quarter. Central Pacific Bank Trust Division now owns 7,573 shares of the basic materials company's stock worth $366,000 after acquiring an additional 2,573 shares during the period. Finally, Versant Capital Management Inc boosted its position in Newmont by 132.4% during the 1st quarter. Versant Capital Management Inc now owns 2,384 shares of the basic materials company's stock worth $115,000 after acquiring an additional 1,358 shares during the period. Hedge funds and other institutional investors own 68.85% of the company's stock.

Insider Buying and Selling

In related news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $74.59, for a total value of $154,923.43. Following the transaction, the director owned 38,949 shares of the company's stock, valued at approximately $2,905,205.91. This trade represents a 5.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brian Tabolt sold 7,015 shares of Newmont stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $68.02, for a total value of $477,160.30. Following the completion of the transaction, the chief accounting officer directly owned 32,615 shares in the company, valued at $2,218,472.30. This represents a 17.70% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,246 shares of company stock valued at $1,253,559. 0.05% of the stock is owned by corporate insiders.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Thursday, September 4th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.00 dividend on an annualized basis and a yield of 1.2%. Newmont's dividend payout ratio (DPR) is currently 17.95%.

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.

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