What is Scotiabank’s Forecast for Newmont FY2026 Earnings?

Newmont Co. (NYSE:NEM) – Analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for shares of Newmont in a research report issued on Wednesday, January 8th. Scotiabank analyst T. Jakusconek anticipates that the basic materials company will post earnings per share of $3.19 for the year. Scotiabank currently has a “Sector Perform” rating and a $55.00 target price on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.08 per share.

Several other equities analysts have also recently weighed in on the company. CLSA initiated coverage on Newmont in a report on Friday, November 29th. They set an “underperform” rating on the stock. UBS Group cut shares of Newmont from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $67.00 to $54.00 in a research note on Wednesday, October 30th. Jefferies Financial Group upped their price target on shares of Newmont from $54.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Bernstein Bank raised their price objective on shares of Newmont from $55.00 to $58.00 in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised shares of Newmont from a “neutral” rating to an “overweight” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, Newmont currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.31.

Newmont Price Performance

Shares of NYSE NEM opened at $39.09 on Monday. The firm has a market cap of $44.50 billion, a P/E ratio of -25.72, a PEG ratio of 0.35 and a beta of 0.50. The company has a 50 day moving average of $40.74 and a 200 day moving average of $46.93. Newmont has a twelve month low of $29.42 and a twelve month high of $58.72. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30.

Newmont (NYSE:NEM) last announced its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.05). Newmont had a negative net margin of 7.03% and a positive return on equity of 9.80%. The business had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same period in the prior year, the business posted $0.36 EPS. Newmont’s revenue for the quarter was up 84.7% on a year-over-year basis.

Newmont Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, November 27th. Newmont’s payout ratio is -65.79%.

Insider Activity

In other news, Director Harry M. Iv Conger purchased 9,498 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of $42.15 per share, with a total value of $400,340.70. Following the completion of the transaction, the director now owns 14,498 shares in the company, valued at $611,090.70. This represents a 189.96 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.06% of the company’s stock.

Hedge Funds Weigh In On Newmont

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in Newmont by 1.4% in the third quarter. Geode Capital Management LLC now owns 23,484,382 shares of the basic materials company’s stock valued at $1,253,457,000 after buying an additional 326,243 shares during the last quarter. Legal & General Group Plc lifted its stake in Newmont by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 8,071,845 shares of the basic materials company’s stock valued at $337,909,000 after acquiring an additional 109,084 shares during the period. FMR LLC boosted its holdings in shares of Newmont by 21.1% in the 3rd quarter. FMR LLC now owns 7,052,439 shares of the basic materials company’s stock valued at $376,953,000 after acquiring an additional 1,226,697 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Newmont by 8.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,912,922 shares of the basic materials company’s stock worth $289,445,000 after acquiring an additional 545,903 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Newmont by 29.4% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,728,350 shares of the basic materials company’s stock worth $197,976,000 after purchasing an additional 1,074,623 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

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.