Scotiabank Has Bullish Forecast for Newmont FY2026 Earnings

Newmont Corporation (NYSE:NEM) – Scotiabank increased their FY2026 earnings per share estimates for Newmont in a research note issued on Wednesday, August 19th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings per share of $8.96 for the year, up from their prior forecast of $8.83. Scotiabank has a “Outperform” rating and a $149.00 price target on the stock. The consensus estimate for Newmont’s current full-year earnings is $8.99 per share.

Newmont (NYSE:NEM) last issued its quarterly earnings data on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the previous year, the firm earned $1.43 EPS.

Several other research firms have also recently weighed in on NEM. Royal Bank Of Canada cut their price objective on Newmont from $140.00 to $135.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. Bank of America decreased their target price on Newmont from $157.00 to $132.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Barclays lowered their target price on Newmont from $125.00 to $124.00 and set an “overweight” rating for the company in a research note on Tuesday, July 28th. TD Securities raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group decreased their price objective on Newmont from $158.00 to $146.00 and set a “buy” rating for the company in a report on Monday, July 6th. Two investment 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 stock. According to data from MarketBeat.com, Newmont currently has an average rating of “Moderate Buy” and a consensus price target of $132.59.

Newmont Price Performance

Shares of NYSE NEM opened at $127.86 on Friday. Newmont has a 1 year low of $68.90 and a 1 year high of $134.88. The stock has a market capitalization of $134.72 billion, a P/E ratio of 16.14, a P/E/G ratio of 1.29 and a beta of 0.47. The company’s 50-day moving average is $100.96 and its 200 day moving average is $108.80. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Investors of record on Thursday, September 3rd will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, September 3rd. This represents a $1.04 annualized dividend and a dividend yield of 0.8%. Newmont’s dividend payout ratio (DPR) is 13.13%.

Insider Buying and Selling

In other Newmont news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Brian Tabolt sold 11,445 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total value of $1,202,755.05. Following the completion of the transaction, the chief financial officer owned 29,324 shares of the company’s stock, valued at $3,081,659.16. This represents a 28.07% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 32,091 shares of company stock worth $3,292,513 in the last three months. Insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Newmont

Several large investors have recently bought and sold shares of NEM. Leonteq Securities AG purchased a new position in shares of Newmont during the fourth quarter valued at approximately $9,018,000. ARS Investment Partners LLC boosted its holdings in Newmont by 3.6% in the fourth quarter. ARS Investment Partners LLC now owns 697,063 shares of the basic materials company’s stock worth $69,602,000 after purchasing an additional 23,900 shares during the last quarter. Private Advisory Group LLC purchased a new stake in Newmont in the second quarter worth approximately $10,430,000. Thrivent Financial for Lutherans grew its position in Newmont by 37.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 214,282 shares of the basic materials company’s stock worth $21,440,000 after purchasing an additional 58,690 shares during the period. Finally, iA Global Asset Management Inc. grew its position in Newmont by 156.9% in the 4th quarter. iA Global Asset Management Inc. now owns 221,790 shares of the basic materials company’s stock worth $22,146,000 after purchasing an additional 135,446 shares during the period. 68.85% of the stock is currently owned by institutional investors.

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.