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Here's Why Newmont Corporation (NEM) Fell More Than Broader Market
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Newmont Corporation (NEM - Free Report) ended the recent trading session at $115.34, demonstrating a -1.49% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.25%. Meanwhile, the Dow lost 0.86%, and the Nasdaq, a tech-heavy index, added 0.24%.
Prior to today's trading, shares of the gold and copper miner had lost 4.52% was narrower than the Basic Materials sector's loss of 8.47% and lagged the S&P 500's loss of 0.42%.
The investment community will be paying close attention to the earnings performance of Newmont Corporation in its upcoming release. The company is slated to reveal its earnings on October 22, 2026. On that day, Newmont Corporation is projected to report earnings of $1.92 per share, which would represent year-over-year growth of 12.28%. Simultaneously, our latest consensus estimate expects the revenue to be $6.06 billion, showing a 9.66% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.09 per share and revenue of $25.96 billion, indicating changes of +31.93% and +14.52%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Newmont Corporation. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 0.86% higher within the past month. As of now, Newmont Corporation holds a Zacks Rank of #3 (Hold).
Looking at valuation, Newmont Corporation is presently trading at a Forward P/E ratio of 12.89. For comparison, its industry has an average Forward P/E of 12.35, which means Newmont Corporation is trading at a premium to the group.
It is also worth noting that NEM currently has a PEG ratio of 1.64. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Mining - Gold industry had an average PEG ratio of 0.95 as trading concluded yesterday.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 200, finds itself in the bottom 19% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Here's Why Newmont Corporation (NEM) Fell More Than Broader Market
Newmont Corporation (NEM - Free Report) ended the recent trading session at $115.34, demonstrating a -1.49% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.25%. Meanwhile, the Dow lost 0.86%, and the Nasdaq, a tech-heavy index, added 0.24%.
Prior to today's trading, shares of the gold and copper miner had lost 4.52% was narrower than the Basic Materials sector's loss of 8.47% and lagged the S&P 500's loss of 0.42%.
The investment community will be paying close attention to the earnings performance of Newmont Corporation in its upcoming release. The company is slated to reveal its earnings on October 22, 2026. On that day, Newmont Corporation is projected to report earnings of $1.92 per share, which would represent year-over-year growth of 12.28%. Simultaneously, our latest consensus estimate expects the revenue to be $6.06 billion, showing a 9.66% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $9.09 per share and revenue of $25.96 billion, indicating changes of +31.93% and +14.52%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Newmont Corporation. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 0.86% higher within the past month. As of now, Newmont Corporation holds a Zacks Rank of #3 (Hold).
Looking at valuation, Newmont Corporation is presently trading at a Forward P/E ratio of 12.89. For comparison, its industry has an average Forward P/E of 12.35, which means Newmont Corporation is trading at a premium to the group.
It is also worth noting that NEM currently has a PEG ratio of 1.64. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Mining - Gold industry had an average PEG ratio of 0.95 as trading concluded yesterday.
The Mining - Gold industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 200, finds itself in the bottom 19% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.