Zacks Research Comments on Newmont’s Q4 Earnings (NYSE:NEM)

Newmont Corporation (NYSE:NEM) – Equities researchers at Zacks Research decreased their Q4 2026 EPS estimates for Newmont in a research report issued to clients and investors on Thursday, November 5th. Zacks Research analyst Team now expects that the basic materials company will earn $1.71 per share for the quarter, down from their previous estimate of $2.01. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $9.14 per share.

Several other equities analysts have also recently weighed in on NEM. TD Cowen decreased their price objective on Newmont from $133.00 to $131.00 in a report on Tuesday, October 20th. BNP Paribas Exane upped their target price on Newmont from $102.00 to $112.00 and gave the stock a “neutral” rating in a report on Monday, August 17th. Royal Bank Of Canada increased their price target on Newmont from $135.00 to $155.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Jefferies Financial Group raised their price target on Newmont from $146.00 to $155.00 in a research note on Friday, October 9th. Finally, TD boosted their price target on Newmont from $127.00 to $133.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $137.20.

Newmont Trading Up 3.5%

Shares of NYSE:NEM opened at $125.13 on Monday. The company’s 50-day moving average price is $118.81 and its two-hundred day moving average price is $112.51. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.45 and a quick ratio of 2.16. Newmont has a one year low of $81.34 and a one year high of $135.29. The stock has a market capitalization of $130.03 billion, a PE ratio of 12.15, a price-to-earnings-growth ratio of 2.15 and a beta of 0.56.

Newmont (NYSE:NEM) last released its earnings results on Thursday, October 22nd. The basic materials company reported $2.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.26. Newmont had a net margin of 34.73% and a return on equity of 29.81%. The business had revenue of $6.36 billion during the quarter, compared to the consensus estimate of $6.27 billion. During the same quarter last year, the firm earned $1.71 earnings per share. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 21st. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Wednesday, November 25th. Newmont’s dividend payout ratio (DPR) is 12.09%.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $108.04, for a total transaction of $324,120.00. Following the transaction, the executive vice president owned 31,315 shares of the company’s stock, valued at $3,383,272.60. The trade was a 8.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Natascha Viljoen sold 3,882 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $123.00, for a total value of $477,486.00. Following the sale, the chief executive officer owned 131,353 shares of the company’s stock, valued at $16,156,419. This trade represents a 2.87% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 20,646 shares of company stock valued at $2,380,140 over the last 90 days. 0.06% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Newmont

A number of hedge funds have recently bought and sold shares of the company. Hourglass Capital LLC purchased a new stake in Newmont in the 3rd quarter worth approximately $13,066,000. Hennessy Advisors Inc. bought a new stake in shares of Newmont in the 3rd quarter worth approximately $2,491,000. FARMERS & MERCHANTS TRUST Co OF LONG BEACH purchased a new position in shares of Newmont during the third quarter valued at approximately $814,000. Greenleaf Trust purchased a new position in shares of Newmont during the third quarter valued at approximately $3,043,000. Finally, BOCHK Asset Management Ltd bought a new position in shares of Newmont during the third quarter valued at approximately $3,068,000. 68.85% of the stock is owned by hedge funds and other institutional investors.

Newmont Company Profile