Newmont Stock Gets Reduced EPS Estimate from Zacks Research

Newmont Corporation (NYSE:NEM) – Equities researchers at Zacks Research reduced their Q4 2026 earnings per share (EPS) estimates for shares of Newmont in a note issued to investors on Thursday, November 5th. Zacks Research analyst Team now expects that the basic materials company will earn $1.71 per share for the quarter, down from their prior estimate of $2.01. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $9.14 per share.

Newmont (NYSE:NEM) last released its quarterly earnings data on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. Newmont had a return on equity of 29.81% and a net margin of 34.73%. The business had revenue of $6.36 billion during the quarter, compared to analyst estimates of $6.27 billion. During the same quarter in the previous year, the firm posted $1.71 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year.

A number of other analysts have also recently weighed in on NEM. Canadian Imperial Bank of Commerce set a $154.00 price objective on shares of Newmont in a report on Friday, October 16th. Wall Street Zen lowered shares of Newmont from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Jefferies Financial Group upped their target price on shares of Newmont from $146.00 to $155.00 in a research report on Friday, October 9th. National Bank Financial decreased their target price on shares of Newmont from $140.00 to $135.00 and set a “sector perform” rating for the company in a research report on Tuesday, October 20th. Finally, TD raised their price target on shares of Newmont from $127.00 to $133.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $137.20.

Newmont Stock Performance

NEM stock opened at $119.83 on Monday. Newmont has a 1 year low of $81.34 and a 1 year high of $135.29. The stock has a market capitalization of $124.52 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 2.28 and a beta of 0.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.16 and a current ratio of 2.45. The stock’s fifty day moving average is $118.69 and its two-hundred day moving average is $112.50.

Hedge Funds Weigh In On Newmont

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NEM. Accel Wealth Management boosted its stake in Newmont by 0.8% during the second quarter. Accel Wealth Management now owns 14,744 shares of the basic materials company’s stock valued at $1,377,000 after buying an additional 115 shares in the last quarter. Compound Planning Inc. raised its position in Newmont by 0.6% in the first quarter. Compound Planning Inc. now owns 21,192 shares of the basic materials company’s stock worth $2,294,000 after acquiring an additional 121 shares in the last quarter. Center for Financial Planning Inc. raised its position in Newmont by 6.7% in the third quarter. Center for Financial Planning Inc. now owns 1,921 shares of the basic materials company’s stock worth $222,000 after acquiring an additional 121 shares in the last quarter. Zhang Financial LLC raised its position in Newmont by 0.8% in the first quarter. Zhang Financial LLC now owns 15,768 shares of the basic materials company’s stock worth $1,707,000 after acquiring an additional 124 shares in the last quarter. Finally, Heartland Bank & Trust Co lifted its holdings in Newmont by 3.0% in the 1st quarter. Heartland Bank & Trust Co now owns 4,331 shares of the basic materials company’s stock valued at $469,000 after acquiring an additional 127 shares during the last quarter. 68.85% of the stock is owned by institutional investors.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $108.04, for a total transaction of $324,120.00. Following the sale, the executive vice president directly owned 31,315 shares in the company, valued at $3,383,272.60. The trade was a 8.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $419,411.28. Following the completion of the sale, the chief executive officer directly owned 101,691 shares of the company’s stock, valued at approximately $10,986,695.64. This represents a 3.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 20,646 shares of company stock worth $2,380,140. Company 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, December 21st. Stockholders of record on Wednesday, November 25th will be issued a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont’s dividend payout ratio (DPR) is 12.09%.

Newmont Company Profile

Newmont Corporation is a gold-focused mining company that explores for, develops, and operates mines. Its products include gold as well as copper, silver, zinc, and lead, which are produced at some of its mining operations. Founded in 1921, Newmont has grown through exploration and acquisitions into an international mining company. Its operations and projects span North America, South America, Australia, and Africa. Newmont is headquartered in Denver, Colorado. Natascha Viljoen became the company’s chief executive officer in 2025, succeeding Tom Palmer.