Emerging Growth Research narrows Newton Golf loss-per-share estimates on higher share count
NWTG•Emerging Growth Research lowered its fiscal 2026 loss-per-share estimate for Newton Golf to $1.23 from $1.37 and its fiscal 2027 estimate to $0.38 from $0.42, reflecting an estimated 1.13 million shares issued for the Pole Canyon option.
1. Estimates revised
Emerging Growth Research published a company-sponsored report on Newton Golf’s Pole Canyon option, which marks the company’s entry into U.S. critical minerals. The option involves issuing common shares equal to 19.9% of outstanding stock, estimated at approximately 1.13 million shares.
2. Revenue forecasts unchanged
The research firm left revenue forecasts unchanged and projected no transaction impact on revenue or operating income. Newton plans to explore strategic agreements for the Nevada beryllium-tungsten property rather than begin mining, limiting near-term operating and capital commitments.
