FY2026 Earnings Estimate for Newmont Issued By Stifel Canada

Newmont Corporation (NYSE:NEM) – Equities researchers at Stifel Canada increased their FY2026 earnings per share estimates for Newmont in a research report issued on Monday, October 20th. Stifel Canada analyst R. Profiti now anticipates that the basic materials company will post earnings of $7.10 per share for the year, up from their prior estimate of $4.43. Stifel Canada has a “Strong-Buy” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.45 per share. Stifel Canada also issued estimates for Newmont’s FY2027 earnings at $8.37 EPS.

Other equities research analysts also recently issued research reports about the company. Scotiabank upgraded Newmont from a “sector perform” rating to a “sector outperform” rating and set a $114.00 price objective for the company in a report on Thursday. BNP Paribas downgraded Newmont from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. Weiss Ratings downgraded Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. National Bank Financial upgraded Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday, July 25th. Finally, The Goldman Sachs Group set a $104.30 price target on Newmont and gave the stock a “buy” rating in a report on Sunday, October 12th. Five analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.39.

Newmont Trading Up 0.7%

NYSE NEM opened at $86.92 on Thursday. The company has a market cap of $95.48 billion, a price-to-earnings ratio of 15.61, a P/E/G ratio of 0.59 and a beta of 0.34. Newmont has a 52 week low of $36.86 and a 52 week high of $98.58. The business has a 50 day moving average price of $80.48 and a 200-day moving average price of $64.85. The company has a quick ratio of 1.91, a current ratio of 2.23 and a debt-to-equity ratio of 0.23.

Newmont (NYSE:NEM) last released its quarterly earnings data on Thursday, July 24th. The basic materials company reported $1.43 EPS for the quarter, beating the consensus estimate of $0.95 by $0.48. The firm had revenue of $5.32 billion during the quarter, compared to the consensus estimate of $4.70 billion. Newmont had a return on equity of 17.86% and a net margin of 30.50%.The company’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.72 earnings per share.

Insider Transactions at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $63.66, for a total value of $190,980.00. Following the completion of the transaction, the executive vice president owned 58,736 shares in the company, valued at $3,739,133.76. This trade represents a 4.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brian Tabolt sold 7,015 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $68.02, for a total value of $477,160.30. Following the completion of the transaction, the chief accounting officer owned 32,615 shares of the company’s stock, valued at approximately $2,218,472.30. This represents a 17.70% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,249 shares of company stock worth $1,132,065. 0.05% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its stake in Newmont by 8.9% in the 1st quarter. Bank of New York Mellon Corp now owns 16,014,066 shares of the basic materials company’s stock worth $773,159,000 after purchasing an additional 1,306,783 shares during the period. Norges Bank bought a new position in Newmont in the 2nd quarter worth about $919,170,000. Invesco Ltd. boosted its stake in Newmont by 45.0% in the 2nd quarter. Invesco Ltd. now owns 15,587,917 shares of the basic materials company’s stock worth $908,152,000 after purchasing an additional 4,839,447 shares during the period. Northern Trust Corp boosted its stake in Newmont by 1.5% in the 1st quarter. Northern Trust Corp now owns 12,934,095 shares of the basic materials company’s stock worth $624,458,000 after purchasing an additional 191,940 shares during the period. Finally, Amundi boosted its stake in Newmont by 2.8% in the 1st quarter. Amundi now owns 12,646,114 shares of the basic materials company’s stock worth $611,187,000 after purchasing an additional 343,535 shares during the period. Institutional investors own 68.85% of the company’s stock.

About Newmont

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.