Zacks Research Weighs in on Newmont’s Q1 Earnings (NYSE:NEM)

Posted by Stanley Muller on Aug 7th, 2026

Newmont Corporation (NYSE:NEM – Free Report) – Stock analysts at Zacks Research boosted their Q1 2028 EPS estimates for shares of Newmont in a report released on Thursday, August 6th. Zacks Research analyst Team now anticipates that the basic materials company will post earnings of $2.83 per share for the quarter, up from their previous estimate of $2.60. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $9.06 per share. Zacks Research also issued estimates for Newmont’s Q2 2028 earnings at $2.70 EPS and FY2028 earnings at $10.81 EPS.

Newmont (NYSE:NEM – Get Free Report) last posted its earnings results on Thursday, July 23rd. The basic materials company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.05. Newmont had a net margin of 33.36% and a return on equity of 29.10%. The business had revenue of $6.12 billion for the quarter, compared to analysts’ expectations of $6.35 billion. During the same quarter in the previous year, the firm posted $1.43 earnings per share.

Several other research firms also recently commented on NEM. Jefferies Financial Group cut their target price on Newmont from $158.00 to $146.00 and set a “buy” rating for the company in a research report on Monday, July 6th. BNP Paribas Exane lowered their price target on Newmont from $111.00 to $102.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st. BMO Capital Markets dropped their price objective on Newmont from $145.00 to $135.00 and set an “outperform” rating for the company in a research note on Tuesday, June 23rd. Royal Bank Of Canada cut their price objective on Newmont from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Finally, Bank of America reduced their target price on shares of Newmont from $157.00 to $132.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $132.11.

Read Our Latest Stock Analysis on NEM

Newmont Stock Up 1.1%

Shares of NEM opened at $105.48 on Friday. Newmont has a 12 month low of $67.11 and a 12 month high of $134.88. The stock has a market cap of $111.14 billion, a price-to-earnings ratio of 13.32, a P/E/G ratio of 1.15 and a beta of 0.47. The company has a 50-day moving average price of $97.86 and a two-hundred day moving average price of $109.05. The company has a quick ratio of 2.26, a current ratio of 2.55 and a debt-to-equity ratio of 0.15.

Institutional Trading of Newmont

A number of hedge funds and other institutional investors have recently made changes to their positions in NEM. Cedar Mountain Advisors LLC acquired a new position in Newmont during the 1st quarter worth about $25,000. Pinnacle Bancorp Inc. bought a new stake in Newmont during the 1st quarter worth about $25,000. Swiss RE Ltd. acquired a new stake in Newmont in the 4th quarter valued at about $26,000. Clearstead Trust LLC acquired a new stake in Newmont in the 2nd quarter valued at about $25,000. Finally, Cornerstone Planning Group LLC raised its stake in shares of 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 acquiring an additional 206 shares during the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Newmont

In other Newmont news, CEO Natascha Viljoen sold 3,882 shares of Newmont stock in a transaction on Monday, June 1st. The stock was sold at an average price of $105.32, for a total value of $408,852.24. Following the completion of the transaction, the chief executive officer owned 142,999 shares in the company, valued at approximately $15,060,654.68. The trade was a 2.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Peter Toth sold 3,000 shares of the business’s 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 transaction, the executive vice president directly owned 40,315 shares in the company, valued at approximately $3,767,436.75. This represents a 6.93% 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 sold a total of 12,882 shares of company stock worth $1,282,302 over the last three months. 0.06% of the stock is owned by company insiders.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 28th. Stockholders of record on Thursday, September 3rd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont’s payout ratio is presently 13.13%.

Newmont News Roundup

Here are the key news stories impacting Newmont this week:

Positive Sentiment: Newmont’s recent quarterly update highlighted approximately 1.3 million attributable gold ounces of production, record quarterly free cash flow of about $2.2 billion, continued progress toward 2026 guidance, a $0.26 quarterly dividend and substantial share repurchases. These factors strengthen the investment case while gold prices remain elevated. Newmont gains as investors appear to respond to strong quarterly cash flow and a supportive gold backdrop
Positive Sentiment: Coverage emphasizing record gold prices and Newmont’s exposure to the precious-metals sector likely supported buying interest. The company’s latest reported earnings also exceeded consensus, with EPS of $2.10 versus estimates of $2.05, despite revenue falling short of expectations. Newmont gains as record gold prices lift the sector
Positive Sentiment: Analyst sentiment remains broadly favorable. Newmont carries a “Moderate Buy” consensus, while recently cited price targets generally remain above the current trading level, although several firms have reduced their targets. Brokers suggest investing in Newmont
Neutral Sentiment: Awalé completed a $20.7 million strategic financing that included Newmont’s equity investment. Newmont retains approximately 8.2% ownership, preserving exposure to a potential exploration success but with limited immediate impact on NEM’s results. Awalé completes strategic financing
Neutral Sentiment: An Australian-market filing reported changes in Newmont’s CHESS Depositary Interests and common-share counts from cross-market transfers. This appears administrative rather than a change in operating fundamentals. Newmont trims CDI and common stock count
Negative Sentiment: EVP Peter Toth sold 3,000 shares worth $280,350 under a pre-arranged Rule 10b5-1 plan. The sale reduced his holdings by 6.93%, but the planned nature and relatively small size make it a limited negative signal. Newmont EVP sells stock

About Newmont

(Get Free Report)

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.