We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Newmont Corporation (NEM) Suffers a Larger Drop Than the General Market: Key Insights
Read MoreHide Full Article
In the latest close session, Newmont Corporation (NEM - Free Report) was down 2.45% at $113.54. The stock fell short of the S&P 500, which registered a loss of 0.22% for the day. On the other hand, the Dow registered a loss of 0.66%, and the technology-centric Nasdaq decreased by 0.22%.
Shares of the gold and copper miner witnessed a loss of 8.42% over the previous month, trailing the performance of the Basic Materials sector with its loss of 6.74%, and the S&P 500's gain of 1.4%.
The investment community will be closely monitoring the performance of Newmont Corporation in its forthcoming earnings report. The company is scheduled to release its earnings on October 22, 2026. It is anticipated that the company will report an EPS of $1.94, marking a 13.45% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $6.06 billion, indicating a 9.66% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.1 per share and a revenue of $25.96 billion, indicating changes of +32.08% and +14.52%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Newmont Corporation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.97% higher. Newmont Corporation currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Newmont Corporation is currently trading at a Forward P/E ratio of 12.8. This valuation marks a premium compared to its industry average Forward P/E of 11.81.
It's also important to note that NEM currently trades at a PEG ratio of 1.62. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Mining - Gold industry was having an average PEG ratio of 0.94.
The Mining - Gold industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 205, which puts it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
Image: Bigstock
Newmont Corporation (NEM) Suffers a Larger Drop Than the General Market: Key Insights
In the latest close session, Newmont Corporation (NEM - Free Report) was down 2.45% at $113.54. The stock fell short of the S&P 500, which registered a loss of 0.22% for the day. On the other hand, the Dow registered a loss of 0.66%, and the technology-centric Nasdaq decreased by 0.22%.
Shares of the gold and copper miner witnessed a loss of 8.42% over the previous month, trailing the performance of the Basic Materials sector with its loss of 6.74%, and the S&P 500's gain of 1.4%.
The investment community will be closely monitoring the performance of Newmont Corporation in its forthcoming earnings report. The company is scheduled to release its earnings on October 22, 2026. It is anticipated that the company will report an EPS of $1.94, marking a 13.45% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $6.06 billion, indicating a 9.66% upward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $9.1 per share and a revenue of $25.96 billion, indicating changes of +32.08% and +14.52%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Newmont Corporation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.97% higher. Newmont Corporation currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Newmont Corporation is currently trading at a Forward P/E ratio of 12.8. This valuation marks a premium compared to its industry average Forward P/E of 11.81.
It's also important to note that NEM currently trades at a PEG ratio of 1.62. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As the market closed yesterday, the Mining - Gold industry was having an average PEG ratio of 0.94.
The Mining - Gold industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 205, which puts it in the bottom 17% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.