What is Scotiabank's Estimate for Newmont FY2026 Earnings?

Newmont Co. (NYSE:NEM - Free Report) - Investment analysts at Scotiabank issued their FY2026 earnings estimates for Newmont in a report released on Wednesday, January 8th. Scotiabank analyst T. Jakusconek expects that the basic materials company will post earnings per share of $3.19 for the year. Scotiabank currently has a "Sector Perform" rating and a $55.00 price objective on the stock. The consensus estimate for Newmont's current full-year earnings is $3.08 per share.

A number of other equities research analysts have also commented on the company. CIBC lowered Newmont from a "sector outperform" rating to a "neutral" rating in a research report on Monday, October 28th. JPMorgan Chase & Co. upgraded shares of Newmont from a "neutral" rating to an "overweight" rating in a report on Tuesday, November 19th. Royal Bank of Canada dropped their price objective on shares of Newmont from $54.00 to $53.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 24th. CLSA initiated coverage on shares of Newmont in a research note on Friday, November 29th. They set an "underperform" rating for the company. Finally, UBS Group downgraded shares of Newmont from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $67.00 to $54.00 in a research note on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.31.

Newmont Stock Performance

Shares of NEM stock opened at $39.09 on Monday. The company has a market capitalization of $44.50 billion, a price-to-earnings ratio of -25.72, a P/E/G ratio of 0.35 and a beta of 0.50. Newmont has a 1-year low of $29.42 and a 1-year 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. The stock's fifty day simple moving average is $40.74 and its 200-day simple moving average is $46.93.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.05). The firm had revenue of $4.61 billion during the quarter, compared to analyst estimates of $4.67 billion. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The company's revenue for the quarter was up 84.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.36 EPS.

Institutional Trading of Newmont

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. bought a new stake in shares of Newmont in the second quarter valued at approximately $27,000. Hoese & Co LLP bought a new stake in Newmont in the 3rd quarter valued at $27,000. Avior Wealth Management LLC grew its position in Newmont by 191.8% in the 3rd quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company's stock worth $27,000 after purchasing an additional 326 shares during the last quarter. Prospera Private Wealth LLC bought a new position in shares of Newmont during the 3rd quarter worth about $28,000. Finally, Highline Wealth Partners LLC acquired a new position in shares of Newmont during the third quarter valued at about $32,000. Institutional investors and hedge funds own 68.85% of the company's stock.

Insider Activity

In other Newmont news, Director Harry M. Iv Conger acquired 9,498 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of $42.15 per share, for a total transaction of $400,340.70. Following the completion of the purchase, the director now owns 14,498 shares of the company's stock, valued at approximately $611,090.70. This trade represents a 189.96 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.06% of the company's stock.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.00 annualized dividend and a yield of 2.56%. Newmont's dividend payout ratio (DPR) is presently -65.79%.

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.