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Newmont Corporation (NEM) Stock Drops Despite Market Gains: Important Facts to Note
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Newmont Corporation (NEM - Free Report) closed at $116.50 in the latest trading session, marking a -3.64% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.02% for the day. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, added 1.23%.
Shares of the gold and copper miner witnessed a gain of 10.33% over the previous month, beating the performance of the Basic Materials sector with its gain of 0.75%, and the S&P 500's gain of 0.63%.
The upcoming earnings release of Newmont Corporation will be of great interest to investors. The company's earnings report is expected on April 23, 2026. On that day, Newmont Corporation is projected to report earnings of $2.16 per share, which would represent year-over-year growth of 72.8%. Alongside, our most recent consensus estimate is anticipating revenue of $6.36 billion, indicating a 26.96% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.96 per share and revenue of $25.66 billion, indicating changes of +30.04% and +13.18%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Newmont Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.11% lower. Newmont Corporation presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Newmont Corporation is currently exchanging hands at a Forward P/E ratio of 13.5. This represents a premium compared to its industry average Forward P/E of 11.88.
Meanwhile, NEM's PEG ratio is currently 0.92. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. NEM's industry had an average PEG ratio of 1.29 as of yesterday's close.
The Mining - Gold industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 143, putting it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Newmont Corporation (NEM) Stock Drops Despite Market Gains: Important Facts to Note
Newmont Corporation (NEM - Free Report) closed at $116.50 in the latest trading session, marking a -3.64% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 1.02% for the day. Meanwhile, the Dow gained 0.63%, and the Nasdaq, a tech-heavy index, added 1.23%.
Shares of the gold and copper miner witnessed a gain of 10.33% over the previous month, beating the performance of the Basic Materials sector with its gain of 0.75%, and the S&P 500's gain of 0.63%.
The upcoming earnings release of Newmont Corporation will be of great interest to investors. The company's earnings report is expected on April 23, 2026. On that day, Newmont Corporation is projected to report earnings of $2.16 per share, which would represent year-over-year growth of 72.8%. Alongside, our most recent consensus estimate is anticipating revenue of $6.36 billion, indicating a 26.96% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.96 per share and revenue of $25.66 billion, indicating changes of +30.04% and +13.18%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Newmont Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 3.11% lower. Newmont Corporation presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Newmont Corporation is currently exchanging hands at a Forward P/E ratio of 13.5. This represents a premium compared to its industry average Forward P/E of 11.88.
Meanwhile, NEM's PEG ratio is currently 0.92. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. NEM's industry had an average PEG ratio of 1.29 as of yesterday's close.
The Mining - Gold industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 143, putting it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.