Newmont (NYSE:NEM) Releases Earnings Results, Beats Expectations By $0.26 EPS

Newmont (NYSE:NEM) announced its quarterly earnings data on Thursday. The basic materials company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26, FiscalAI reports. Newmont had a net margin of 34.73% and a return on equity of 30.02%. The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter in the prior year, the firm earned $1.71 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year.

Here are the key takeaways from Newmont’s conference call:

• Strong third-quarter financial performance: Newmont generated $1.9 billion in free cash flow, reported adjusted earnings of $2.20 per share, and returned approximately $1.9 billion to shareholders through dividends and share repurchases.
• The company improved its 2026 gold all-in sustaining cost outlook to approximately $1,520 per ounce, about 10% below its initial guidance, while remaining on track for full-year production and capital targets.
• Newmont expects production to grow by a low- to mid-single-digit percentage in 2027, supported by higher grades at Lihir and Boddington, the Tanami expansion, Cerro Negro’s Vine Zone, and additional Yanacocha ounces.
• The Red Chris block-cave project is advancing toward a potential early-2027 investment decision, with expected annual production of 275,000–325,000 ounces of gold and 65,000–85,000 tons of copper after ramp-up.
• Red Chris requires estimated development capital of $4.2 billion–$4.8 billion, while 2027 development spending is expected to rise by about $500 million; Newmont also warned that 2027 unit costs may increase due to inflation, lower silver by-product credits, and other macroeconomic pressures.

Newmont Stock Performance

NYSE:NEM traded down $5.39 during mid-day trading on Friday, hitting $108.72. The stock had a trading volume of 7,847,217 shares, compared to its average volume of 5,404,123. The stock has a market capitalization of $114.55 billion, a price-to-earnings ratio of 12.64, a P/E/G ratio of 2.11 and a beta of 0.51. The company has a 50 day simple moving average of $121.86 and a 200-day simple moving average of $110.99. Newmont has a 52 week low of $76.05 and a 52 week high of $135.29. The company has a current ratio of 2.55, a quick ratio of 2.26 and a debt-to-equity ratio of 0.15.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Investors of record on Wednesday, November 25th will be given a $0.26 dividend. The ex-dividend date is Wednesday, November 25th. This represents a $1.04 annualized dividend and a yield of 1.0%. Newmont’s dividend payout ratio (DPR) is currently 12.09%.

Insider Buying and Selling at Newmont

In other Newmont news, CEO Natascha Viljoen sold 7,764 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $104.00, for a total value of $807,456.00. Following the completion of the transaction, the chief executive officer owned 135,235 shares in the company, valued at approximately $14,064,440. This represents a 5.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $114.81, for a total transaction of $344,430.00. Following the completion of the sale, the executive vice president owned 34,315 shares in the company, valued at $3,939,705.15. The trade was a 8.04% 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 35,973 shares of company stock valued at $3,927,169 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NEM shares. Zacks Research downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Citigroup increased their price target on Newmont from $125.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday. Bank of America increased their price target on Newmont from $135.00 to $145.00 in a research report on Monday, August 17th. Jefferies Financial Group raised their price target on Newmont from $146.00 to $155.00 in a report on Friday, October 9th. Finally, Freedom Broker restated a “hold” rating and set a $116.00 price objective (down from $130.00) on shares of Newmont in a research report on Thursday. Two analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $137.25.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont reported third-quarter adjusted EPS of $2.20, above the $1.94 consensus estimate, while revenue rose 15.2% year over year to $6.36 billion, exceeding expectations. Higher gold prices, stronger sales and improved copper output following the Cadia recovery supported results. Newmont beats quarterly profit estimates on higher gold prices
• Positive Sentiment: Operating momentum and cash generation were favorable: third-quarter free cash flow reached approximately $1.9 billion, and management said the company remains positioned to meet its 2026 production guidance. Newmont also declared a quarterly dividend of $0.26 per share. Newmont: 3 Key Takeaways for Long-Term Investors
• Positive Sentiment: Newmont expects gold production to rebound in 2027, offering a potential future catalyst. RBC Dominion Securities maintained an outperform view and set a $155 price target. RBC Dominion Securities recommendations
• Neutral Sentiment: The company priced the Red Chris block-cave expansion at as much as $4.8 billion, with commercial production targeted for 2033. The project could support long-term growth but adds significant capital requirements and execution risk. Newmont prices Red Chris expansion at up to $4.8B
• Negative Sentiment: Newmont raised its full-year 2026 all-in sustaining cost outlook to approximately $1,520 per ounce. Management also highlighted higher costs, declining silver production and increased capital spending related to Red Chris, tempering the earnings upside. Newmont targets Red Chris production in 2033
• Negative Sentiment: Analyst sentiment was mixed. TD Cowen lowered its price target to $131 from $133, while Freedom Broker downgraded the stock to hold and cut its target to $116. Concerns that Newmont’s strong multiyear rally has already priced in much of its cash-flow potential may be limiting investor enthusiasm. Freedom Broker downgrades Newmont to hold

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.