FY2026 Earnings Estimate for Newmont Issued By Stifel Canada

Newmont Corporation (NYSE:NEM) – Equities research analysts at Stifel Canada increased their FY2026 earnings per share estimates for shares of Newmont in a report released on Monday, October 20th. Stifel Canada analyst R. Profiti now anticipates that the basic materials company will earn $7.10 per share for the year, up from their prior estimate of $4.43. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.45 per share. Stifel Canada also issued estimates for Newmont’s FY2027 earnings at $8.37 EPS.

Newmont (NYSE:NEM) last posted its quarterly earnings results on Thursday, October 23rd. The basic materials company reported $1.71 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.44. Newmont had a return on equity of 17.86% and a net margin of 30.50%.The business had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.14 billion. During the same period in the prior year, the business earned $0.81 EPS. The firm’s revenue for the quarter was up 20.0% on a year-over-year basis.

A number of other research firms also recently weighed in on NEM. The Goldman Sachs Group set a $104.30 price target on Newmont and gave the stock a “buy” rating in a research note on Sunday, October 12th. BNP Paribas downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. Stifel Nicolaus assumed coverage on Newmont in a research note on Wednesday, July 9th. They set a “buy” rating and a $73.00 price target on the stock. UBS Group increased their price objective on Newmont from $92.00 to $105.50 and gave the stock a “buy” rating in a research note on Thursday, October 16th. Finally, CIBC set a $112.00 price objective on Newmont and gave the stock an “outperformer” rating in a research note on Friday, October 10th. Five research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.39.

Newmont Stock Up 2.2%

NEM stock opened at $88.93 on Thursday. The stock’s 50 day simple moving average is $80.89 and its 200 day simple moving average is $65.15. Newmont has a fifty-two week low of $36.86 and a fifty-two week high of $98.58. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 2.23. The company has a market cap of $97.69 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 0.59 and a beta of 0.34.

Institutional Trading of Newmont

Institutional investors and hedge funds have recently modified their holdings of the business. Cloud Capital Management LLC purchased a new stake in shares of Newmont during the first quarter valued at approximately $26,000. Colonial Trust Advisors increased its position in shares of Newmont by 315.4% during the first quarter. Colonial Trust Advisors now owns 565 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 429 shares during the last quarter. Concord Wealth Partners increased its position in shares of Newmont by 534.7% during the second quarter. Concord Wealth Partners now owns 457 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 385 shares during the last quarter. Evermay Wealth Management LLC increased 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 valued at $29,000 after acquiring an additional 400 shares during the last quarter. Finally, Private Trust Co. NA increased its position in shares of Newmont by 122.6% during the first quarter. Private Trust Co. NA now owns 630 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 347 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Newmont

In related news, Director Bruce R. Brook sold 2,080 shares of the stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $84.99, for a total transaction of $176,779.20. Following the completion of the sale, the director directly owned 36,869 shares of the company’s stock, valued at approximately $3,133,496.31. This trade represents a 5.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were 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 16,249 shares of company stock valued at $1,132,065 over the last ninety days. 0.05% of the stock is currently owned by insiders.

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.