Newmont FY2026 Earnings Forecast Decreased by Zacks Research

Newmont Corporation (NYSE:NEM) – Zacks Research reduced their FY2026 EPS estimates for shares of Newmont in a note issued to investors on Thursday, November 5th. Zacks Research analyst Team now expects that the basic materials company will earn $8.91 per share for the year, down from their prior estimate of $8.92. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $9.14 per share. Zacks Research also issued estimates for Newmont’s Q1 2027 earnings at $2.22 EPS, Q2 2027 earnings at $2.14 EPS, Q3 2027 earnings at $2.20 EPS, Q4 2027 earnings at $2.33 EPS, FY2027 earnings at $8.89 EPS, Q1 2028 earnings at $2.75 EPS, Q2 2028 earnings at $2.92 EPS, Q3 2028 earnings at $2.76 EPS and FY2028 earnings at $11.38 EPS.

Several other brokerages also recently commented on NEM. National Bank Financial reduced their target price on Newmont from $140.00 to $135.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 20th. Canaccord Genuity Group dropped their price target on Newmont from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Thursday, July 23rd. BMO Capital Markets raised their price target on Newmont from $135.00 to $145.00 and gave the company an “outperform” rating in a report on Tuesday, September 29th. Wall Street Zen downgraded Newmont from a “buy” rating to a “hold” rating in a report on Saturday, July 25th. Finally, TD lifted their price objective on shares of Newmont from $127.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $137.20.

Newmont Price Performance

NYSE:NEM opened at $119.74 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.45 and a debt-to-equity ratio of 0.15. The stock’s 50 day moving average price is $119.10 and its two-hundred day moving average price is $112.47. The firm has a market capitalization of $124.43 billion, a price-to-earnings ratio of 13.92, a P/E/G ratio of 2.15 and a beta of 0.56. Newmont has a 12-month low of $81.34 and a 12-month high of $135.29.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, October 22nd. The basic materials company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.26. The business had revenue of $6.36 billion during the quarter, compared to analysts’ expectations of $6.27 billion. Newmont had a return on equity of 29.81% and a net margin of 34.73%. Newmont’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company posted $1.71 earnings per share.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, November 25th. This represents a $1.04 annualized dividend and a yield of 0.9%. Newmont’s dividend payout ratio (DPR) is 12.09%.

Insider Activity at Newmont

In other news, CEO Natascha Viljoen sold 3,882 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $419,411.28. Following the completion of the sale, the chief executive officer owned 101,691 shares in the company, valued at $10,986,695.64. The trade was a 3.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $108.04, for a total value of $324,120.00. Following the completion of the transaction, the executive vice president directly owned 31,315 shares in the company, valued at $3,383,272.60. The trade was a 8.74% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,646 shares of company stock valued at $2,380,140 over the last 90 days. Company insiders own 0.06% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Cedar Mountain Advisors LLC acquired a new stake in Newmont in the 1st quarter worth about $25,000. GoalVest Advisory LLC bought a new stake in Newmont in the 3rd quarter valued at about $28,000. Winthrop Capital Management LLC acquired a new position in shares of Newmont during the 3rd quarter worth approximately $29,000. Financial Management Professionals Inc. acquired a new position in shares of Newmont during the 3rd quarter worth approximately $30,000. Finally, Clearstead Trust LLC acquired a new position in shares of Newmont during the 2nd quarter worth approximately $25,000. Institutional investors own 68.85% of the company’s stock.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont’s strong third-quarter performance—higher sales and net income, lower reported costs, and upgraded full-year production guidance—supports the bullish view. The report also points to a recent sharp rise in the shares. Article: Is Newmont Still Undervalued?
• Positive Sentiment: Scotiabank raised its 2026 EPS estimate to $9.23 from $8.96 and maintained a Sector Outperform rating with a $148 price target, signaling confidence in near-term earnings. Article: Scotiabank raises Newmont 2026 EPS estimate
• Positive Sentiment: Newmont’s free cash flow is helping fund growth projects and additional shareholder returns, potentially supporting longer-term value. Article: Can Newmont’s Free Cash Flow Momentum Carry Into Q4?
• Neutral Sentiment: Scotiabank lowered its 2027 EPS estimate to $9.03 from $9.14, though it retained its Sector Outperform rating and $148 target. The adjustment tempers, but does not overturn, its positive stance. Article: Scotiabank adjusts Newmont EPS estimates
• Neutral Sentiment: A Zacks article highlighted Newmont as a potential long-term growth stock, but provided no company-specific new catalyst in the supplied summary. Article: Newmont as a Long-Term Growth Stock
• Negative Sentiment: EVP Peter Toth sold 3,000 shares, a modest potential sentiment overhang; the sale was made under a prearranged trading plan. Article: Newmont EVP Sells Shares

Newmont Company Profile

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.