Newmont (NYSE:NEM) Releases Quarterly Earnings Results, Beats Expectations By $0.71 EPS

Newmont (NYSE:NEM) issued its quarterly earnings data on Thursday. The basic materials company reported $2.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.81 by $0.71, Zacks reports. Newmont had a net margin of 31.25% and a return on equity of 23.58%. The company had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.18 billion. During the same period last year, the company posted $1.40 earnings per share. Newmont’s revenue was up 20.6% compared to the same quarter last year.

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

• Newmont announced an enhanced capital allocation framework that commits to a growing per‑share dividend (quarterly dividend raised to $0.26 within a $1.1 billion/year dividend objective) and ratable share repurchases after sustaining capital and balance‑sheet targets (net cash target $1B ± $2B; minimum cash $5B), aimed at driving predictable per‑share growth.
• The company delivered a strong 2025 performance — meeting guidance, producing 5.7Moz gold (core portfolio), and generating record cash: $2.8B FCF in Q4 and $7.3B FCF for the year — while returning $3.4B to shareholders and realizing $4.5B from non‑core divestitures.
• 2026 guidance calls for 5.3Moz attributable production (±5%) with by‑product AISC of ~ $1,680/oz (assumes $4,500/oz gold); management describes 2026 as a planned production trough driven by mine sequencing, inventory/timing shifts and elevated sustaining/development spend, and expects Q1 FCF to be lower due to >$1B of tax payments.
• Project execution and exploration provide upside — Ahafo North reached commercial production (~300k oz/year), Tanami Expansion Two and Cadia panel caves are progressing on schedule, Lihir near‑shore barrier received full funding approval to unlock >5Moz of low‑cost ounces, and targeted drilling at Brucejack and Ahafo South added material reserves/resources.
• Near‑term risks include an operational safety incident (fatality at Tanami, investigation ongoing) and governance/operational uncertainty at Nevada Gold Mines after Newmont issued a notice of default to its JV partner, which could pose execution or legal complications for those assets.

Newmont Stock Performance

Shares of NEM stock opened at $122.16 on Friday. The firm has a 50 day moving average of $113.12 and a two-hundred day moving average of $92.97. The stock has a market capitalization of $133.31 billion, a PE ratio of 19.12, a P/E/G ratio of 1.05 and a beta of 0.40. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.17. Newmont has a 52 week low of $41.23 and a 52 week high of $134.88.

Newmont Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Tuesday, March 3rd will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. This is a positive change from Newmont’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, March 3rd. Newmont’s payout ratio is currently 15.65%.

Insider Activity

In related news, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction on Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the completion of the transaction, the director directly owned 32,709 shares in the company, valued at approximately $3,021,003.24. This trade represents a 5.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Newmont

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Canadian Imperial Bank of Commerce reiterated an “outperform” rating and set a $177.00 price target on shares of Newmont in a research report on Wednesday, February 4th. Zacks Research lowered Newmont from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Wall Street Zen cut Newmont from a “strong-buy” rating to a “buy” rating in a report on Sunday, November 2nd. Royal Bank Of Canada raised their price objective on Newmont from $120.00 to $125.00 and gave the company an “outperform” rating in a report on Tuesday, February 3rd. Finally, TD Cowen boosted their price objective on Newmont from $89.00 to $120.00 and gave the company a “hold” rating in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $132.88.

Key Newmont News

Here are the key news stories impacting Newmont this week:

• Positive Sentiment: Beat expectations: Q4 EPS of $2.52 and revenue of $6.82B topped estimates, driven by higher realized gold prices and margin expansion. Read More.
• Positive Sentiment: Record free cash flow and strong profitability in 2025 supported balance sheet and capital flexibility — a reason some investors remain constructive. Read More.
• Positive Sentiment: Dividend increase: the company raised the quarterly payout to $0.26 (4% increase), signaling continued shareholder returns. Read More.
• Neutral Sentiment: Mineral reserves declined to 118.2M attributable gold ounces at year‑end 2025 versus 134.1M in 2024 — management attributes the drop mainly to divestments rather than operating shortfalls. Read More.
• Neutral Sentiment: Analyst framing remains mixed-to-favorable: many firms still rate NEM buy/outperform and Zacks highlights it as a strong growth stock based on style scores, leaving upside potential for longer‑term investors. Read More.
• Negative Sentiment: 2026 guidance disappointed: management forecast ~5.3M oz attributable gold production (below 2025), AISC around ~$1,680/oz and sizable sustaining/development capital spending — the softer outlook is the main near‑term headwind. Read More.
• Negative Sentiment: “Sell‑the‑news” reaction: after the strong quarter, investors focused on the muted 2026 outlook and the stock pulled back as a result. Read More.
• Negative Sentiment: Analyst/pricing moves and insider/institutional flows: BMO trimmed its price target (from $145 to $140) and filings show notable insider sales and large institutional reallocations (some big holders reduced positions), which likely added selling pressure. Read More.
• Negative Sentiment: Median analyst targets and positioning: recent medians/targets (Quiver/other services) show some targets below the current price, reinforcing mixed near‑term sentiment. Read More.

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.