Newmont (NYSE:NEM) Announces Earnings Results, Beats Expectations By $0.83 EPS
by Sarita Garza · The Markets DailyNewmont (NYSE:NEM – Get Free Report) announced its earnings results on Thursday. The basic materials company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.07 by $0.83, FiscalAI reports. The business had revenue of $7.31 billion during the quarter, compared to analyst estimates of $6.83 billion. Newmont had a return on equity of 23.28% and a net margin of 31.25%.Newmont’s revenue for the quarter was up 45.8% compared to the same quarter last year. During the same period last year, the company earned $1.25 EPS.
Here are the key takeaways from Newmont’s conference call:
- Newmont reported strong first-quarter results with 1.3 million ounces of gold produced, adjusted EBITDA of $5.2 billion and a record $3.1 billion of free cash flow, highlighting robust operating and financial performance.
- The board approved a new $6 billion share repurchase authorization, having returned $2.7 billion to shareholders this quarter and maintained a predictable quarterly dividend, while also reducing debt, signaling a shareholder-friendly capital allocation framework.
- A magnitude 4.5 earthquake near Cadia caused temporary underground interruptions; there were no injuries and damage appears limited, but Newmont expects reduced mill feed and lower Q2 production with staged recovery to ~80% in five weeks and full recovery by end-Q2.
- Management is keeping full-year 2026 guidance but warned of cost pressure from rising energy prices (about $60 million per $10/barrel Brent, ~ $12/oz) and an estimated $25/oz headwind from Ghana’s sliding-scale royalty, which could pressure margins if sustained.
- The Nevada Gold Mines joint-venture default process remains open-ended; Newmont is performing audits and iterative reviews with Barrick, creating unresolved governance and operational uncertainty at a key asset.
Newmont Stock Performance
Shares of NEM opened at $115.28 on Friday. The firm has a market capitalization of $124.50 billion, a P/E ratio of 17.97, a P/E/G ratio of 0.85 and a beta of 0.46. Newmont has a 52 week low of $48.27 and a 52 week high of $134.88. The stock has a 50 day moving average price of $114.75 and a two-hundred day moving average price of $104.44. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.02 and a current ratio of 2.29.
Newmont Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 22nd. Shareholders of record on Wednesday, May 27th will be paid a dividend of $0.26 per share. The ex-dividend date is Wednesday, May 27th. This represents a $1.04 dividend on an annualized basis and a yield of 0.9%. Newmont’s payout ratio is 16.28%.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. UBS Group decreased their target price on shares of Newmont from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, March 27th. TD decreased their price target on Newmont from $118.00 to $116.00 and set a “hold” rating for the company in a report on Tuesday. DZ Bank upgraded Newmont to a “strong-buy” rating in a research report on Monday, January 19th. National Bank Financial set a $130.00 target price on Newmont and gave the stock a “sector perform” rating in a report on Thursday, April 16th. Finally, Zacks Research cut Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, April 3rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Newmont has an average rating of “Moderate Buy” and a consensus price target of $139.81.
Key Stories Impacting Newmont
Here are the key news stories impacting Newmont this week:
- Positive Sentiment: Q1 results beat expectations — adjusted EPS $2.90 and revenue $7.31B; management said performance keeps the company on track to meet 2026 guidance and highlighted record quarterly free cash flow (~$3.1B). Newmont Generates Record Quarterly Earnings and Free Cash Flow
- Positive Sentiment: Company increased share repurchase authorization by $6B and continues buybacks — a direct use of the record free cash flow that supports EPS and share-price upside. Newmont (NEM) Q1 2026 Earnings Transcript
- Positive Sentiment: Quarterly dividend declared (~$0.26 per share) with ex-dividend date in late May — signals cash-return priority and predictable payout supported by strong cash flow. Dividend and Q1 Release
- Positive Sentiment: Analysts reacted with higher targets and maintained bullish ratings (BMO raised target to $140; Argus to $125), providing additional technical and sentiment support. BMO Raises Price Target Argus Raises Price Target
- Neutral Sentiment: Company filed Q1 report, released slide deck and call transcript — useful for modeling production, costs and cash flow but not changing the immediate headline. Earnings Call Transcript
- Neutral Sentiment: Analyses highlight valuation and the Newcrest deal as key longer-term drivers; these pieces help context but are secondary to the Q1 cash-flow story. Valuation Assessment After Earnings
- Negative Sentiment: Regulatory/local-content risk in Ghana — authorities directed Newmont and peers toward shifting operations to local firms, which could complicate operations or increase costs if implemented. Ghana Directs Newmont to Shift Ops to Local Firms
- Negative Sentiment: Some research outlets (TD/TD Cowen) have issued more cautious forecasts — a reminder that upside depends on sustained gold prices and execution. TD Issues Pessimistic Forecast
- Negative Sentiment: Broader gold/safe-haven sentiment (macroeconomic and geopolitical moves) can pressure miners even with strong company reports; sector headwinds may cap near-term gains. Gold Sector Sentiment Piece
Insider Buying and Selling
In other Newmont news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $113.09, for a total transaction of $339,270.00. Following the transaction, the executive vice president directly owned 52,315 shares in the company, valued at approximately $5,916,303.35. This trade represents a 5.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David James Fry sold 18,394 shares of Newmont stock in a transaction on Monday, March 16th. The stock was sold at an average price of $111.45, for a total transaction of $2,050,011.30. Following the transaction, the insider directly owned 17,147 shares in the company, valued at $1,911,033.15. This represents a 51.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 24,394 shares of company stock worth $2,713,281 in the last 90 days. Corporate insiders own 0.06% of the company’s stock.
Institutional Investors Weigh In On Newmont
Several institutional investors and hedge funds have recently added to or reduced their stakes in NEM. Brighton Jones LLC increased its position in shares of Newmont by 15.7% during the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock valued at $506,000 after acquiring an additional 1,847 shares during the last quarter. Woodline Partners LP increased its position in shares of Newmont by 40.7% during the 1st quarter. Woodline Partners LP now owns 96,182 shares of the basic materials company’s stock valued at $4,644,000 after purchasing an additional 27,813 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in shares of Newmont during the 2nd quarter worth $240,000. Cerity Partners LLC grew its position in Newmont by 108.9% during the second quarter. Cerity Partners LLC now owns 125,355 shares of the basic materials company’s stock valued at $7,303,000 after buying an additional 65,342 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in Newmont by 8.5% during the second quarter. NewEdge Advisors LLC now owns 48,982 shares of the basic materials company’s stock worth $2,854,000 after buying an additional 3,856 shares during the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.
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.