Newmont Corporation (NYSE:NEM – Free Report) – Analysts at Scotiabank dropped their FY2027 earnings per share (EPS) estimates for shares of Newmont in a research note issued to investors on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will earn $9.07 per share for the year, down from their previous forecast of $9.17. Scotiabank has a “Sector Outperform” rating and a $147.00 price objective on the stock. The consensus estimate for Newmont’s current full-year earnings is $9.25 per share.
Newmont (NYSE:NEM – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.07 by $0.83. Newmont had a net margin of 33.87% and a return on equity of 27.84%. The firm had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter last year, the business posted $1.25 earnings per share. The company’s revenue for the quarter was up 45.8% compared to the same quarter last year.
Read Our Latest Analysis on NEM
Newmont Price Performance
Shares of NYSE:NEM opened at $89.24 on Monday. The firm has a market cap of $95.26 billion, a price-to-earnings ratio of 11.57, a P/E/G ratio of 1.03 and a beta of 0.46. The firm has a fifty day moving average price of $101.69 and a 200 day moving average price of $110.19. Newmont has a fifty-two week low of $58.97 and a fifty-two week high of $134.88. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.17 and a current ratio of 2.44.
Institutional Investors Weigh In On Newmont
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. GoalVest Advisory LLC purchased a new position in shares of Newmont during the fourth quarter worth approximately $25,000. Pinnacle Bancorp Inc. purchased a new stake in shares of Newmont in the first quarter valued at approximately $25,000. Cedar Mountain Advisors LLC purchased a new stake in shares of Newmont in the first quarter valued at approximately $25,000. Swiss RE Ltd. bought a new position in Newmont in the fourth quarter worth approximately $26,000. Finally, Cornerstone Planning Group LLC grew its stake in Newmont by 312.1% in the fourth quarter. Cornerstone Planning Group LLC now owns 272 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 206 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.
Insider Buying and Selling
In other news, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Wednesday, July 1st. The stock was sold at an average price of $92.38, for a total value of $277,140.00. Following the sale, the executive vice president directly owned 43,315 shares in the company, valued at approximately $4,001,439.70. This represents a 6.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Wexler sold 13,378 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $110.11, for a total value of $1,473,051.58. Following the completion of the sale, the executive vice president owned 67,865 shares in the company, valued at approximately $7,472,615.15. The trade was a 16.47% decrease in their position. 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 28,556 shares of company stock worth $3,058,146. 0.06% of the stock is currently owned by corporate insiders.
Newmont Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, June 22nd. Investors of record on Wednesday, May 27th were issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 1.2%. The ex-dividend date was Wednesday, May 27th. Newmont’s dividend payout ratio is presently 13.49%.
Newmont News Roundup
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Several commentary pieces argue Newmont could still be attractive on valuation, suggesting the recent pullback may be creating a potential value opportunity if gold stays firm and earnings hold up. Is Newmont (NYSE:NEM) Still A Compelling Value Stock?
- Positive Sentiment: Gold’s strength remains a tailwind for Newmont, and one article says the company is facing a “crucial test” as the metal stays strong, which could support revenue and margins if commodity prices remain elevated. Newmont (NYSE:NEM) Faces a Crucial Test As Gold Stays Strong
- Positive Sentiment: Market chatter ahead of Q2 earnings points to investor interest in key operating metrics, and recent discussion of Newmont as a trading candidate around macro uncertainty suggests the stock could benefit if results exceed expectations. Newmont Stock Suddenly Offers a Double-Sided Debit Trade on U.S.-Iran Tensions and Upcoming Earnings
- Neutral Sentiment: Multiple previews of Newmont’s upcoming Q2 report focus on Wall Street estimates and key metrics, signaling that the stock may remain range-bound until earnings provide clearer direction. Seeking Clues to Newmont (NEM) Q2 Earnings? A Peek Into Wall Street Projections for Key Metrics
- Negative Sentiment: Scotiabank reportedly has a negative outlook for Newmont’s FY2027 earnings, reinforcing concerns that profit growth may slow after the current cycle. Scotiabank Has Negative Outlook for Newmont FY2027 Earnings
- Negative Sentiment: Technical commentary says Newmont shares have fallen to a 2026 low and support is being tested, which points to continued downside pressure unless buyers step in soon. Newmont Shares At 2026 Low, With Support Being Tested
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.
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