Zacks Research Has Optimistic Outlook of Newmont Q3 Earnings

Newmont Corporation (NYSE:NEM) – Analysts at Zacks Research increased their Q3 2026 earnings estimates for Newmont in a research note issued on Wednesday, March 4th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings per share of $1.73 for the quarter, up from their prior forecast of $1.56. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.45 per share. Zacks Research also issued estimates for Newmont’s Q4 2026 earnings at $1.84 EPS.

Other analysts have also recently issued reports about the company. Jefferies Financial Group raised their price objective on Newmont from $136.00 to $158.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Wall Street Zen cut Newmont from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Canaccord Genuity Group raised their price target on Newmont from $115.00 to $140.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Canadian Imperial Bank of Commerce reduced their price objective on shares of Newmont from $71.00 to $67.00 in a research report on Friday, February 27th. Finally, Macquarie Infrastructure upped their price objective on shares of Newmont from $115.00 to $126.00 and gave the company an “outperform” rating in a report on Friday, February 6th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $133.68.

Newmont Price Performance

Shares of NYSE NEM opened at $116.37 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.29 and a debt-to-equity ratio of 0.16. The business’s 50 day moving average price is $117.25 and its two-hundred day moving average price is $96.74. The company has a market cap of $126.60 billion, a PE ratio of 18.21, a price-to-earnings-growth ratio of 0.97 and a beta of 0.39. Newmont has a twelve month low of $42.03 and a twelve month high of $134.88.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, February 19th. The basic materials company reported $2.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.81 by $0.71. Newmont had a net margin of 31.25% and a return on equity of 23.28%. The company had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.18 billion. During the same period in the prior year, the firm earned $1.40 EPS. Newmont’s quarterly revenue was up 20.6% compared to the same quarter last year.

Institutional Investors Weigh In On Newmont

Hedge funds and other institutional investors have recently modified their holdings of the company. Estate Counselors LLC bought a new position in shares of Newmont in the third quarter worth about $4,182,000. AustralianSuper Pty Ltd grew its holdings in shares of Newmont by 124.8% during the 3rd quarter. AustralianSuper Pty Ltd now owns 330,250 shares of the basic materials company’s stock valued at $27,843,000 after purchasing an additional 183,360 shares during the last quarter. Knights of Columbus Asset Advisors LLC increased its position in Newmont by 286.5% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 60,499 shares of the basic materials company’s stock worth $5,101,000 after purchasing an additional 44,846 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in Newmont by 172.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 4,304,215 shares of the basic materials company’s stock worth $362,888,000 after purchasing an additional 2,723,044 shares in the last quarter. Finally, Live Oak Investment Partners acquired a new position in Newmont during the 3rd quarter worth approximately $2,232,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Newmont Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Investors of record on Tuesday, March 3rd will be paid a $0.26 dividend. This is a boost from Newmont’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, March 3rd. This represents a $1.04 annualized dividend and a yield of 0.9%. Newmont’s dividend payout ratio is presently 16.28%.

Trending Headlines about Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Zacks upgraded NEM to a Zacks Rank #1 (Strong Buy), which typically attracts buying interest and can lift near-term sentiment among retail and model-driven investors. Newmont (NEM) Upgraded to Strong Buy: Here’s What You Should Know
• Positive Sentiment: Zacks Research has raised near-term EPS estimates for Newmont (Q3 and Q4 2026), lifting fundamentals expectations—this supports higher earnings-per-share forecasts and improves the stock’s forward valuation (consensus full-year EPS ~ $3.45).
• Positive Sentiment: Citigroup raised its price target on NEM to $150, signaling bullish conviction from a major bank and giving investors a higher upside reference point. Citigroup Increases Newmont (NYSE:NEM) Price Target to $150.00
• Positive Sentiment: Geopolitical tensions pushed gold toward record highs, a clear tailwind for gold miners’ revenues and margins—this macro driver supports Newmont’s commodity-linked upside. With Iran Sending Gold Over $5,000, the Best Gold Stocks and ETFs to Buy Now
• Neutral Sentiment: Several pieces discuss whether Wall Street’s optimistic broker recommendations are meaningful; coverage may drive short-term flows but analysts’ consensus is mixed, so impact is uncertain. Is Newmont (NEM) a Buy as Wall Street Analysts Look Optimistic?
• Negative Sentiment: TD Securities reduced its expectations for Newmont, which pressures sentiment from institutional investors and can weigh on short-term performance. TD Securities Has Lowered Expectations for Newmont (NYSE:NEM) Stock Price
• Negative Sentiment: Earlier analyst downgrades triggered a sharp intraday sell-off (reported trading down ~8% after a downgrade), creating lingering volatility and a stubborn headline risk. Newmont (NYSE:NEM) Trading Down 8% After Analyst Downgrade
• Negative Sentiment: Recent write-ups noted material intraday dips (around 2.7–2.8% in prior sessions), reflecting that selling pressure can reappear despite positive analyst notes. Why Newmont Corporation (NEM) Dipped More Than Broader Market Today

About Newmont

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.