FY2026 EPS Estimates for Newmont Lowered by Analyst

Newmont Co. (NYSE:NEM - Free Report) - Equities researchers at National Bank Financial dropped their FY2026 earnings estimates for Newmont in a note issued to investors on Thursday, April 24th. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings per share of $5.35 for the year, down from their prior estimate of $5.47. National Bank Financial 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.

NEM has been the topic of a number of other reports. The Goldman Sachs Group started coverage on shares of Newmont in a report on Monday, January 13th. They issued a "buy" rating and a $47.20 target price on the stock. BMO Capital Markets reaffirmed an "outperform" rating on shares of Newmont in a report on Thursday. Argus set a $63.00 price objective on shares of Newmont in a research report on Friday. UBS Group upgraded shares of Newmont from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $50.00 to $60.00 in a research report on Friday, April 11th. Finally, Scotiabank reiterated a "sector perform" rating on shares of Newmont in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Newmont currently has an average rating of "Moderate Buy" and an average target price of $55.40.

Newmont Stock Performance

Shares of Newmont stock traded up $0.11 during trading on Monday, reaching $54.05. The company's stock had a trading volume of 9,365,554 shares, compared to its average volume of 9,858,393. The company has a 50-day moving average price of $47.89 and a two-hundred day moving average price of $45.07. The firm has a market cap of $60.93 billion, a PE ratio of 18.45, a P/E/G ratio of 0.41 and a beta of 0.54. Newmont has a fifty-two week low of $36.86 and a fifty-two week high of $58.72. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30.

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

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. SOA Wealth Advisors LLC. raised its stake in Newmont by 64.0% in 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 during the last quarter. 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 valued at $30,000 after purchasing an additional 347 shares during the last quarter. Nexus Investment Management ULC acquired a new position in Newmont in the 1st quarter valued at about $31,000. Alpine Bank Wealth Management acquired a new position in shares of Newmont during the 1st quarter valued at about $32,000. Finally, PSI Advisors LLC lifted its holdings in shares of Newmont by 195.5% during the 1st quarter. PSI Advisors LLC now owns 795 shares of the basic materials company's stock worth $38,000 after acquiring an additional 526 shares during the period. Institutional investors and hedge funds own 68.85% of the company's stock.

Insider Buying and Selling

In related news, EVP Peter Toth sold 3,000 shares of the business'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 $128,670.00. Following the sale, the executive vice president now directly owns 79,596 shares in the company, valued at $3,413,872.44. The trade was a 3.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Natascha Viljoen sold 9,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total transaction of $386,010.00. Following the completion of the transaction, the chief operating officer now directly owns 136,967 shares of the company's stock, valued at $5,874,514.63. The trade was a 6.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,154 shares of company stock worth $825,678 in the last three months. Corporate insiders own 0.05% of the company's stock.

Newmont Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be given a $0.25 dividend. The ex-dividend date is Tuesday, May 27th. This represents a $1.00 annualized dividend and a dividend yield of 1.85%. Newmont's dividend payout ratio is presently 22.42%.

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.