# Newmont earnings, cash flow, and analyst outlook updates

> Live situation record from CLSTR: https://clstr.news/situations/newmont-earnings-and-rating-updates
> Updated: 2026-08-09T20:22:33.000Z. Sources: 7. Developments: 3.

On 22 July 2026, Newmont Corp. reported quarterly earnings of $2.10 per share, exceeding the consensus estimate of $1.99. While the company posted a net margin of 33.87% and a return on equity of 27.84%, its shares saw a slight midday decline to $94.57. Analysts maintained a moderate-buy consensus, though some institutions, such as Weiss Ratings and Royal Bank of Canada, lowered their recommendations or price targets.

By 24 July 2026, several analysts downgraded the company from “buy” to “hold,” citing headwinds from lower gold prices, higher energy costs, and geopolitical tensions. Despite these concerns, Newmont reported record free cash flow for the quarter and reaffirmed its 2026 targets, including $8.5 billion in free cash flow and continued EPS growth. Additionally, Epoch Investment Partners disclosed a new position of approximately 67,900 shares valued at $7.35 million, joining major holders like Vanguard and State Street.

On 9 August 2026, Zacks Research lowered its Q3 2026 EPS estimate to $1.92 from a previous forecast of $2.19. This shift follows a Q2 performance where, despite an earnings beat, revenue of $6.12 billion fell below expectations. While operational disruptions at Cadia and rising unit costs persist, technical analysis indicates a potential bullish pattern following a 20% weekly gain, with analysts watching for a breakout above the $118-$120 range.

## Timeline

### 2026-08-09: Newmont Corporation faces lowered earnings forecasts amid bullish technical trends

Analysts have lowered Newmont Corporation's Q3 2026 EPS estimates to $1.92, while technical indicators suggest potential for new all-time highs if the stock clears the $118-$120 resistance zone.

2 sources. https://clstr.news/cluster/newmont-corporation-faces-lowered-earnings-forecasts-amid-bullish-technical-trends

### 2026-07-24: Newmont Corp Gains New Institutional Stake and Posts Record Free Cash Flow

Epoch Investment Partners bought about $7.35 million of Newmont shares, and the miner reported record free cash flow while reaffirming 2026 targets despite gold price headwinds.

3 sources. https://clstr.news/cluster/newmont-corp-rating-downgrade-and-record-q2-cash-flow

### 2026-07-22: Newmont Reports $2.10 EPS, Beats Analysts' Forecast

Newmont posted $2.10 EPS, beating forecasts, with strong ROE and net margin; shares slipped to $94.57 as analysts adjusted targets.

5 sources. https://clstr.news/cluster/newmont-reports-210-eps-beats-analysts-forecast

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Cite as: Newmont earnings, cash flow, and analyst outlook updates. CLSTR, https://clstr.news/situations/newmont-earnings-and-rating-updates