Newmont Reports $2.10 EPS, Beats Analysts' Forecast

Newmont (NYSE:NEM) posted quarterly earnings of $2.10 per share, topping the consensus estimate of $1.99 by $0.11. The gold‑and‑silver miner posted a return on equity of 27.84% and a net margin of 33.87%. Its shares fell 1.2% during midday trading to $94.57, with a trading volume of 7.1 million shares, below its average of 9.2 million. Newmont’s market capitalization stands at roughly $101 billion.

Analyst activity included Weiss Ratings lowering its recommendation to “hold,” Royal Bank of Canada reducing its price target to $135, and other banks adjusting targets between $125 and $175. Overall, the stock holds a “moderate buy” consensus rating with an average target price of $136.26.

The earnings beat reflects continued profitability for the mining sector and may influence investor sentiment toward commodity‑linked equities.