Zacks Research Issues Positive Forecast for Newmont Earnings

Newmont Corporation (NYSE:NEM) – Equities research analysts at Zacks Research boosted their Q3 2026 earnings per share (EPS) estimates for Newmont in a research report issued to clients and investors on Wednesday, May 6th. Zacks Research analyst Team now forecasts that the basic materials company will post earnings per share of $2.19 for the quarter, up from their previous forecast of $1.73. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $9.50 per share. Zacks Research also issued estimates for Newmont’s Q4 2026 earnings at $2.19 EPS, FY2026 earnings at $9.45 EPS, Q3 2027 earnings at $2.51 EPS, Q4 2027 earnings at $2.59 EPS, FY2027 earnings at $9.59 EPS, Q1 2028 earnings at $2.60 EPS and FY2028 earnings at $10.63 EPS.

Newmont (NYSE:NEM) last released its quarterly earnings results on Thursday, April 23rd. The basic materials company reported $2.90 EPS for the quarter, topping the consensus estimate of $2.07 by $0.83. The business had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $6.83 billion. Newmont had a return on equity of 27.84% and a net margin of 33.87%.The company’s revenue was up 45.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.25 earnings per share.

Other equities analysts have also recently issued reports about the company. Jefferies Financial Group increased their target price on Newmont from $162.00 to $165.00 and gave the company a “buy” rating in a research note on Friday, April 10th. Raymond James Financial upped their price target on shares of Newmont from $111.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, January 15th. Wall Street Zen raised shares of Newmont from a “hold” rating to a “buy” rating in a report on Saturday, April 25th. Sanford C. Bernstein raised shares of Newmont from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $121.00 to $157.00 in a research report on Friday, February 27th. Finally, The Goldman Sachs Group upped their target price on shares of Newmont from $123.20 to $125.10 and gave the company a “buy” rating in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $142.51.

Newmont Price Performance

Shares of NYSE NEM opened at $113.38 on Friday. The company has a quick ratio of 2.17, a current ratio of 2.44 and a debt-to-equity ratio of 0.15. Newmont has a fifty-two week low of $48.27 and a fifty-two week high of $134.88. The business has a 50 day moving average price of $112.91 and a two-hundred day moving average price of $105.96. The firm has a market cap of $121.03 billion, a PE ratio of 14.71, a price-to-earnings-growth ratio of 1.64 and a beta of 0.43.

Institutional Trading of Newmont

Hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC increased its position in Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock worth $506,000 after buying an additional 1,847 shares during the period. Woodline Partners LP boosted its holdings in shares of Newmont by 40.7% during the first quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock valued at $4,644,000 after acquiring an additional 27,813 shares during the period. Sivia Capital Partners LLC bought a new position in shares of Newmont during the second quarter worth about $240,000. Cerity Partners LLC grew its position in shares of Newmont by 108.9% during the second quarter. Cerity Partners LLC now owns 125,355 shares of the basic materials company’s stock worth $7,303,000 after acquiring an additional 65,342 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings in shares of Newmont by 8.5% in the 2nd quarter. NewEdge Advisors LLC now owns 48,982 shares of the basic materials company’s stock worth $2,854,000 after acquiring an additional 3,856 shares during the period. Institutional investors own 68.85% of the company’s stock.

Insider Buying and Selling at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $110.11, for a total value of $330,330.00. Following the transaction, the executive vice president owned 49,315 shares of the company’s stock, valued at $5,430,074.65. This trade represents a 5.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider David James Fry sold 18,394 shares of Newmont stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $111.45, for a total value of $2,050,011.30. Following the completion of the transaction, the insider owned 17,147 shares of the company’s stock, valued at approximately $1,911,033.15. The trade was a 51.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 43,068 shares of company stock valued at $4,769,475. Corporate insiders own 0.06% of the company’s stock.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Stockholders of record on Wednesday, May 27th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date is Wednesday, May 27th. Newmont’s dividend payout ratio (DPR) is presently 13.49%.

Key Stories Impacting Newmont

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Zacks Research raised a wide set of near? and multi?year EPS forecasts for Newmont (several reports on May 6–7). Upgrades include quarterly bumps (multiple Q3/Q4 2026–2027 estimates) and a material lift to FY2026–FY2028 estimates (FY2028 raised to $10.63 from $8.87). These revisions signal analysts expect stronger earnings power ahead.
• Positive Sentiment: Newmont was cited among companies reporting standout Q1 results this season (record/strong Q1 performance highlighted by market coverage), reinforcing the case that recent operating results support the raised estimates. Article Title
• Neutral Sentiment: Despite the EPS upgrades, Zacks maintained a “Hold” rating on NEM — meaning the firm increased earnings expectations but did not shift to a buy recommendation, which may limit positive investor reaction.
• Neutral Sentiment: Short-term share weakness can stem from factors not covered in these items — e.g., profit-taking after a strong run, moves in gold and dollar prices, or broader market risk sentiment. These drivers often outweigh single?firm estimate changes in the near term.

Newmont Company Profile

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.