Equities Analysts Offer Predictions for Newmont Q2 Earnings

Newmont Co. (NYSE:NEM - Free Report) - Investment analysts at Raymond James raised their Q2 2025 EPS estimates for Newmont in a report issued on Friday, April 25th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings per share of $1.05 for the quarter, up from their prior estimate of $1.04. Raymond James currently has a "Outperform" rating and a $63.00 target price on the stock. The consensus estimate for Newmont's current full-year earnings is $3.45 per share. Raymond James also issued estimates for Newmont's FY2025 earnings at $4.53 EPS and FY2026 earnings at $4.39 EPS.

Other equities research analysts have also issued research reports about the stock. The Goldman Sachs Group began coverage on shares of Newmont in a report on Monday, January 13th. They issued a "buy" rating and a $47.20 price target for the company. National Bank Financial raised shares of Newmont to a "hold" rating in a research note on Friday, March 21st. StockNews.com raised Newmont from a "hold" rating to a "buy" rating in a research report on Monday, February 24th. BMO Capital Markets reissued an "outperform" rating on shares of Newmont in a research report on Thursday. Finally, UBS Group raised Newmont from a "neutral" rating to a "buy" rating and raised their price objective for the company from $50.00 to $60.00 in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $55.40.

Newmont Stock Performance

NEM stock opened at $53.93 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. Newmont has a 1-year low of $36.86 and a 1-year high of $58.72. The business has a 50-day moving average price of $47.89 and a 200 day moving average price of $45.07. The company has a market capitalization of $60.79 billion, a P/E ratio of 18.41, a PEG ratio of 0.41 and a beta of 0.54.

Newmont (NYSE:NEM - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, beating analysts' consensus estimates of $0.71 by $0.54. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The business had revenue of $5.01 billion during the quarter, compared to analyst estimates of $4.82 billion.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. SOA Wealth Advisors LLC. boosted its holdings in Newmont by 64.0% in the first quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 201 shares during the period. Nexus Investment Management ULC purchased a new position in shares of Newmont in the 1st quarter valued at about $31,000. Alpine Bank Wealth Management acquired a new position in shares of Newmont during the first quarter worth about $32,000. HHM Wealth Advisors LLC increased its stake in shares of Newmont by 66.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock worth $33,000 after buying an additional 350 shares during the period. Finally, Redwood Park Advisors LLC acquired a new stake in Newmont in the fourth quarter valued at approximately $37,000. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total transaction of $89,082.53. Following the completion of the transaction, the director now directly owns 49,993 shares of the company's stock, valued at $2,144,199.77. This represents a 3.99 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Natascha Viljoen sold 9,000 shares of the firm's stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total transaction of $386,010.00. Following the completion of the transaction, the chief operating officer now directly owns 136,967 shares in the company, valued at $5,874,514.63. This represents a 6.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,154 shares of company stock worth $825,678. 0.05% of the stock is owned by company insiders.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date of this dividend is Tuesday, May 27th. Newmont's dividend payout ratio (DPR) is 22.42%.

About Newmont

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana.

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