Zacks Research Comments on Newmont’s Q3 Earnings (NYSE:NEM)

Newmont Corporation (NYSE:NEM) – Stock analysts at Zacks Research decreased their Q3 2026 earnings estimates for Newmont in a report released on Thursday, August 6th. Zacks Research analyst Team now forecasts that the basic materials company will earn $1.92 per share for the quarter, down from their prior estimate of $2.19. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $9.00 per share. Zacks Research also issued estimates for Newmont’s Q4 2026 earnings at $2.01 EPS, FY2026 earnings at $8.92 EPS, Q1 2027 earnings at $2.19 EPS, Q2 2027 earnings at $2.28 EPS, Q3 2027 earnings at $2.27 EPS, Q4 2027 earnings at $2.52 EPS and FY2027 earnings at $9.26 EPS.

Several other research firms have also recently issued reports on NEM. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and issued a $168.00 price objective on shares of Newmont in a report on Tuesday, July 28th. BNP Paribas Exane reduced their target price on Newmont from $111.00 to $102.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. BMO Capital Markets lowered their price target on Newmont from $145.00 to $135.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Jefferies Financial Group dropped their price target on Newmont from $158.00 to $146.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Finally, The Goldman Sachs Group dropped their price target on Newmont from $122.50 to $111.40 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $132.11.

Newmont Stock Down 0.1%

NEM opened at $117.17 on Monday. The company has a market cap of $123.46 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 1.31 and a beta of 0.47. Newmont has a twelve month low of $67.20 and a twelve month high of $134.88. The company has a 50-day moving average price of $98.25 and a 200 day moving average price of $109.01. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.05. The business had revenue of $6.12 billion for the quarter, compared to the consensus estimate of $6.35 billion. Newmont had a net margin of 33.36% and a return on equity of 29.10%. During the same period last year, the firm posted $1.43 earnings per share.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont’s dividend payout ratio (DPR) is 13.13%.

Insiders Place Their Bets

In related news, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $93.45, for a total value of $280,350.00. Following the completion of the sale, the executive vice president owned 40,315 shares of the company’s stock, valued at approximately $3,767,436.75. This trade represents a 6.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 7,764 shares of Newmont stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $104.00, for a total value of $807,456.00. Following the transaction, the chief executive officer owned 135,235 shares in the company, valued at approximately $14,064,440. The trade was a 5.43% 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 have sold 32,091 shares of company stock valued at $3,292,513 in the last ninety days. 0.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Newmont

Hedge funds and other institutional investors have recently modified their holdings of the stock. Novem Group increased its stake in shares of Newmont by 3.7% during the 4th quarter. Novem Group now owns 2,487 shares of the basic materials company’s stock worth $248,000 after purchasing an additional 88 shares during the last quarter. Parkside Financial Bank & Trust lifted its stake in Newmont by 1.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company’s stock valued at $714,000 after purchasing an additional 96 shares during the last quarter. Coston McIsaac & Partners lifted its stake in Newmont by 28.6% in the 4th quarter. Coston McIsaac & Partners now owns 450 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 100 shares during the last quarter. Creative Financial Designs Inc. ADV grew its holdings in Newmont by 6.5% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,647 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 100 shares during the period. Finally, Blue Trust Inc. grew its holdings in Newmont by 0.6% during the first quarter. Blue Trust Inc. now owns 17,194 shares of the basic materials company’s stock worth $1,861,000 after purchasing an additional 100 shares during the period. 68.85% of the stock is owned by institutional investors and hedge funds.

Key Headlines Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Nevada dispute settled: Newmont and Barrick agreed to resolve their longstanding Nevada Gold Mines disagreements through a deal reportedly valued at approximately $1.95 billion. The agreement includes the contribution of previously excluded properties and eliminates outstanding disputes, reducing legal and operational uncertainty for Newmont. Barrick, Newmont settle dispute with $1.95B deal
• Positive Sentiment: Cash and strategic flexibility: The settlement provides Newmont with a significant financial benefit while restructuring the joint venture to potentially maximize the value of its Nevada assets. Newmont also consented to Barrick’s proposed North American gold IPO, removing a major obstacle to the transaction. Barrick and Newmont Reach Agreement Regarding Nevada Gold Mines Joint Venture
• Neutral Sentiment: Analyst view remains constructive: Newmont received a consensus “Moderate Buy” rating, indicating that analysts generally see upside potential, though the rating is not uniformly bullish. Newmont Receives Consensus Rating of Moderate Buy
• Negative Sentiment: Near-term earnings concern: Zacks issued a bearish estimate for Newmont’s third-quarter results. That outlook could limit gains if investors begin pricing in weaker production, costs, or profitability despite the favorable Nevada settlement. Zacks Research Has Bearish Estimate for Newmont Q3 Earnings

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.