Newmont (NYSE:NEM) Issues Quarterly Earnings Results

Newmont (NYSE:NEM) announced its quarterly earnings data on Thursday. The basic materials company reported $2.10 earnings per share for the quarter, beating analysts’ consensus estimates of $2.05 by $0.05, Zacks reports. Newmont had a return on equity of 29.36% and a net margin of 33.36%.The company had revenue of $6.12 billion for the quarter, compared to analyst estimates of $6.35 billion. During the same quarter last year, the firm posted $1.43 EPS.

Here are the key takeaways from Newmont’s conference call:

• Newmont reported a strong second quarter, with 1.3 million ounces of gold production, $2.9 billion of operating cash flow, and a record $2.2 billion of free cash flow, while saying it remains on track to meet full-year 2026 guidance.
• The company returned about $1.8 billion to $1.9 billion to shareholders through dividends and share repurchases in the quarter and has now repurchased more than 100 million shares since starting the buyback program.
• Newmont received key regulatory approvals for Red Chris in British Columbia and is now finishing the feasibility study and evaluating the project for a board decision later this year, though capital costs are expected to be higher than originally assumed.
• Management said Cadia recovery is progressing after the April seismic event, with operating caves back online in mid-June, while cave-establishment work for future caves still needs additional regulatory and technical steps before restarting.
• Costs remain within full-year guidance, but Newmont flagged higher fuel-related pressure in the second half and expects third-quarter unit costs to rise modestly as sustaining capital increases and oil prices remain elevated.

Newmont Stock Performance

Shares of NYSE:NEM opened at $93.16 on Friday. The business has a 50-day moving average of $99.93 and a two-hundred day moving average of $109.95. The firm has a market capitalization of $99.45 billion, a PE ratio of 11.76, a P/E/G ratio of 1.13 and a beta of 0.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.44 and a quick ratio of 2.17. Newmont has a 12 month low of $61.76 and a 12 month high of $134.88.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 28th. Shareholders of record on Thursday, September 3rd will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, September 3rd. Newmont’s payout ratio is 13.49%.

Insider Buying and Selling at Newmont

In other Newmont news, insider David John Thornton sold 2,296 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $110.11, for a total value of $252,812.56. Following the transaction, the insider directly owned 23,163 shares of the company’s stock, valued at $2,550,477.93. This trade represents a 9.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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. Also, EVP Peter Wexler sold 13,378 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $110.11, for a total transaction of $1,473,051.58. Following the completion of the sale, the executive vice president directly owned 67,865 shares of the company’s stock, valued at $7,472,615.15. This trade represents a 16.47% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 28,556 shares of company stock valued at $3,058,146 in the last quarter. Company insiders own 0.06% of the company’s stock.

Institutional Trading of Newmont

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust grew its position in shares of Newmont by 1.4% in the 4th quarter. Parkside Financial Bank & Trust now owns 7,153 shares of the basic materials company’s stock worth $714,000 after acquiring an additional 96 shares in the last quarter. Townsquare Capital LLC lifted its position in shares of Newmont by 4.2% in the 4th quarter. Townsquare Capital LLC now owns 2,523 shares of the basic materials company’s stock worth $252,000 after buying an additional 102 shares during the last quarter. BOKF NA lifted its holdings in shares of Newmont by 0.3% in the 3rd quarter. BOKF NA now owns 45,897 shares of the basic materials company’s stock worth $3,870,000 after purchasing an additional 148 shares during the last quarter. UMB Bank n.a. lifted its stake in Newmont by 2.1% in the fourth quarter. UMB Bank n.a. now owns 8,019 shares of the basic materials company’s stock valued at $801,000 after buying an additional 165 shares during the last quarter. Finally, L2 Asset Management LLC boosted its holdings in shares of Newmont by 3.4% during the third quarter. L2 Asset Management LLC now owns 5,156 shares of the basic materials company’s stock valued at $435,000 after acquiring an additional 169 shares during the period. Institutional investors own 68.85% of the company’s stock.

Newmont News Summary

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Newmont beat Q2 adjusted earnings estimates, reporting $2.10 per share versus $2.05 expected, and delivered record second-quarter free cash flow of about $2.2 billion. Article Title
• Positive Sentiment: Management reaffirmed 2026 guidance and emphasized strong production, cash generation, and capital returns, which supports confidence in the company’s operating outlook. Article Title
• Positive Sentiment: Newmont declared a quarterly dividend of $0.26 per share, reinforcing its appeal as a cash-return story for income-focused investors.
• Positive Sentiment: Several analysts and market commentaries pointed to a stronger balance sheet, robust free cash flow, and aggressive buybacks as reasons to remain constructive on the shares. Article Title
• Neutral Sentiment: Revenue came in below Wall Street estimates at $6.12 billion versus $6.36 billion expected, reflecting lower volumes even as realized gold prices helped earnings.
• Neutral Sentiment: Newmont also outlined a Lihir nearshore barrier project that could unlock more than 5 million ounces starting in 2028, a longer-term growth catalyst rather than an immediate driver. Article Title
• Negative Sentiment: Some commentary flagged lower gold prices and a bearish technical setup as headwinds that may be limiting near-term upside despite the earnings beat. Article Title

Analysts Set New Price Targets

Several brokerages recently weighed in on NEM. Royal Bank Of Canada lowered their price objective on Newmont from $140.00 to $135.00 and set an “outperform” rating for the company in a research report on Thursday, July 9th. TD upgraded Newmont from a “hold” rating to a “buy” rating and decreased their target price for the stock from $129.00 to $127.00 in a research note on Tuesday, July 14th. Citigroup reaffirmed a “positive” rating on shares of Newmont in a research note on Wednesday, July 15th. Weiss Ratings cut shares of Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, June 17th. Finally, Barclays cut their price target on Newmont from $133.00 to $125.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $136.26.

Newmont Company Profile

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.