Newmont (NYSE:NEM) Releases Earnings Results, Beats Estimates By $0.26 EPS

Newmont (NYSE:NEM) announced its earnings results on Thursday. The basic materials company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.26, FiscalAI reports. Newmont had a return on equity of 29.10% and a net margin of 33.36%. The company had revenue of $6.36 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the previous year, the firm earned $1.71 earnings per share. Newmont’s quarterly revenue was up 15.2% on a year-over-year basis.

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

• Strong third-quarter financial performance: Newmont generated $1.9 billion in free cash flow, reported adjusted earnings of $2.20 per share, and returned approximately $1.9 billion to shareholders through dividends and share repurchases.
• The company improved its 2026 gold all-in sustaining cost outlook to approximately $1,520 per ounce, about 10% below its initial guidance, while remaining on track for full-year production and capital targets.
• Newmont expects production to grow by a low- to mid-single-digit percentage in 2027, supported by higher grades at Lihir and Boddington, the Tanami expansion, Cerro Negro’s Vine Zone, and additional Yanacocha ounces.
• The Red Chris block-cave project is advancing toward a potential early-2027 investment decision, with expected annual production of 275,000–325,000 ounces of gold and 65,000–85,000 tons of copper after ramp-up.
• Red Chris requires estimated development capital of $4.2 billion–$4.8 billion, while 2027 development spending is expected to rise by about $500 million; Newmont also warned that 2027 unit costs may increase due to inflation, lower silver by-product credits, and other macroeconomic pressures.

Newmont Stock Performance

NYSE:NEM opened at $113.63 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.55 and a quick ratio of 2.26. The business has a fifty day simple moving average of $122.05 and a two-hundred day simple moving average of $111.00. Newmont has a 1 year low of $76.05 and a 1 year high of $135.29. The company has a market capitalization of $119.73 billion, a P/E ratio of 14.35, a P/E/G ratio of 2.17 and a beta of 0.51.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 21st. Shareholders of record on Wednesday, November 25th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Wednesday, November 25th. Newmont’s dividend payout ratio (DPR) is currently 13.13%.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Q3 earnings and revenue exceeded expectations. Newmont reported adjusted earnings of $2.20 per share versus the $1.94 consensus estimate, while revenue rose 15.2% year over year to $6.36 billion, ahead of the $6.27 billion forecast. Profit benefited from higher gold prices, stronger sales volumes and improved performance at the Cadia mine. Newmont beats quarterly profit estimates on higher gold prices
• Positive Sentiment: Management maintained its operational outlook. Newmont said it remains on track to achieve full-year 2026 production guidance and improved its full-year cost outlook. The company also highlighted record third-quarter adjusted net income and potential production growth in 2027, providing investors with a clearer forward-growth catalyst. Newmont Reports Third Quarter 2026 Results
• Positive Sentiment: Analyst support and institutional buying added confidence. RBC raised or initiated its target at $155 with an outperform rating, while CWA Asset Management purchased 8,629 shares worth approximately $995,000. CWA Asset Management buys Newmont shares
• Neutral Sentiment: Newmont declared a quarterly dividend of $0.26 per share, or $1.04 annualized, with a yield of about 0.9%. The payout supports shareholder returns but is unlikely to materially change the investment case.
• Negative Sentiment: Analyst opinions and valuation remain mixed. Freedom Broker maintained a hold rating but reduced its target from $130 to $116. Other commentary questioned whether Newmont’s substantial three-year rally is fully supported by expected cash flow, raising the risk of profit-taking after the earnings-driven advance. Freedom Broker downgrades Newmont to hold

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on NEM shares. Scotiabank increased their price target on Newmont from $147.00 to $149.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada lifted their price objective on shares of Newmont from $135.00 to $155.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Bank of America reduced their target price on shares of Newmont from $157.00 to $132.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. TD upped their target price on shares of Newmont from $127.00 to $133.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, Canadian Imperial Bank of Commerce set a $154.00 target price on shares of Newmont in a report on Friday, October 16th. Two analysts have rated the stock with a Strong Buy rating, twenty have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $134.06.

Insider Buying and Selling at Newmont

In other news, CFO Brian Tabolt sold 11,445 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $105.09, for a total transaction of $1,202,755.05. Following the transaction, the chief financial officer owned 29,324 shares of the company’s stock, valued at $3,081,659.16. This represents a 28.07% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $114.81, for a total value of $344,430.00. Following the transaction, the executive vice president owned 34,315 shares of the company’s stock, valued at $3,939,705.15. The trade was a 8.04% 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 a total of 35,973 shares of company stock worth $3,927,169 over the last ninety days. 0.06% of the stock is currently owned by company insiders.

Newmont Company Profile

Newmont Corporation (NYSE:NEM) is a global mining company primarily engaged in the exploration, development, and production of gold. The company also produces copper, silver, zinc, and lead as byproducts of its mining operations. Its activities span the full mining life cycle, including resource discovery, project development, mine operations, processing, reclamation, and closure.

Founded in 1921, Newmont has grown into one of the world’s largest gold producers. The company operates and develops mines across several regions, including North America, South America, Australia, Africa, and Papua New Guinea.