National Bank Financial Predicts Newmont FY2026 Earnings

Newmont Corporation (NYSE:NEM) – Equities researchers at National Bank Financial raised their FY2026 earnings per share (EPS) estimates for Newmont in a report issued on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings of $7.64 per share for the year, up from their prior forecast of $7.28. National Bank Financial currently has a “Strong-Buy” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.45 per share.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, July 24th. The basic materials company reported $1.43 EPS for the quarter, beating the consensus estimate of $0.95 by $0.48. Newmont had a return on equity of 17.86% and a net margin of 30.50%.The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $4.70 billion. During the same period in the prior year, the company earned $0.72 EPS. The firm’s revenue was up 20.8% compared to the same quarter last year.

A number of other research firms have also weighed in on NEM. National Bankshares restated an “outperform” rating on shares of Newmont in a research report on Monday. Macquarie cut Newmont from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 2nd. Stifel Canada upgraded Newmont to a “strong-buy” rating in a research report on Tuesday, July 8th. CIBC lifted their price objective on Newmont from $74.00 to $78.00 and gave the stock a “neutral” rating in a research report on Friday, September 12th. Finally, Scotiabank upped their target price on Newmont from $69.00 to $72.00 and gave the company a “sector perform” rating in a report on Monday, July 28th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and a consensus price target of $73.38.

Newmont Price Performance

Newmont stock opened at $83.60 on Thursday. The company has a fifty day simple moving average of $71.48 and a 200-day simple moving average of $59.44. The firm has a market capitalization of $91.83 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 0.97 and a beta of 0.34. The company has a quick ratio of 1.91, a current ratio of 2.23 and a debt-to-equity ratio of 0.23. Newmont has a 52-week low of $36.86 and a 52-week high of $86.62.

Institutional Investors Weigh In On Newmont

Institutional investors have recently made changes to their positions in the stock. SOA Wealth Advisors LLC. lifted its holdings in shares of Newmont by 64.0% in the 1st quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 201 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in Newmont in the first quarter valued at approximately $26,000. Colonial Trust Advisors raised its position in Newmont by 315.4% in the first quarter. Colonial Trust Advisors now owns 565 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 429 shares during the period. Concord Wealth Partners lifted its stake in Newmont by 534.7% during the second quarter. Concord Wealth Partners now owns 457 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 385 shares in the last quarter. Finally, Evermay Wealth Management LLC boosted its position in shares of Newmont by 408.2% during the second quarter. Evermay Wealth Management LLC now owns 498 shares of the basic materials company’s stock worth $29,000 after buying an additional 400 shares during the period. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Brian Tabolt sold 7,015 shares of the stock in a transaction on Wednesday, August 6th. The stock was sold at an average price of $68.02, for a total transaction of $477,160.30. Following the completion of the transaction, the chief accounting officer directly owned 32,615 shares in the company, valued at approximately $2,218,472.30. This represents a 17.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $63.66, for a total value of $190,980.00. Following the sale, the executive vice president directly owned 58,736 shares of the company’s stock, valued at $3,739,133.76. The trade was a 4.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,246 shares of company stock valued at $1,253,559 over the last quarter. 0.05% of the stock is owned by insiders.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Thursday, September 4th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.2%. The ex-dividend date is Thursday, September 4th. Newmont’s dividend payout ratio is presently 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.