National Bank Financial Comments on Newmont FY2025 Earnings

Newmont Co. (NYSE:NEM - Free Report) - Equities research analysts at National Bank Financial cut their FY2025 EPS estimates for shares of Newmont in a research report issued to clients and investors on Tuesday, April 22nd. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings per share of $4.47 for the year, down from their prior estimate of $4.48. National Bank Financial has a "Hold" rating on the stock. The consensus estimate for Newmont's current full-year earnings is $3.45 per share.

Other research analysts have also recently issued reports about the company. UBS Group upgraded Newmont from a "neutral" rating to a "buy" rating and lifted their price target for the company from $50.00 to $60.00 in a research report on Friday, April 11th. Raymond James lifted their target price on shares of Newmont from $54.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, April 4th. Royal Bank of Canada increased their price target on shares of Newmont from $51.00 to $52.00 and gave the stock a "sector perform" rating in a report on Friday, April 4th. StockNews.com raised shares of Newmont from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Finally, The Goldman Sachs Group started coverage on shares of Newmont in a research report on Monday, January 13th. They issued a "buy" rating and a $47.20 price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $55.02.

Newmont Stock Performance

NYSE NEM opened at $53.10 on Thursday. Newmont has a fifty-two week low of $36.86 and a fifty-two week high of $58.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The firm has a market capitalization of $59.86 billion, a P/E ratio of 18.12, a PEG ratio of 0.41 and a beta of 0.54. The stock has a 50-day simple moving average of $47.58 and a two-hundred day simple moving average of $45.15.

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 (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.54. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The firm had revenue of $5.01 billion during the quarter, compared to analysts' expectations of $4.82 billion.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date was Tuesday, March 4th. Newmont's dividend payout ratio (DPR) is 34.13%.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $128,670.00. Following the completion of the sale, the executive vice president now owns 79,596 shares of the company's stock, valued at approximately $3,413,872.44. This trade represents a 3.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $43.71, for a total value of $90,785.67. Following the transaction, the director now directly owns 47,916 shares in the company, valued at $2,094,408.36. This trade represents a 4.15 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,154 shares of company stock valued at $825,678. Corporate insiders own 0.05% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. SOA Wealth Advisors LLC. raised its stake in Newmont by 64.0% during the first quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company's stock worth $25,000 after purchasing an additional 201 shares during the period. Nexus Investment Management ULC acquired a new stake in shares of Newmont during the 1st quarter worth approximately $31,000. Alpine Bank Wealth Management acquired a new stake in shares of Newmont during the 1st quarter worth approximately $32,000. HHM Wealth Advisors LLC raised its position in shares of Newmont by 66.0% during the 4th quarter. HHM Wealth Advisors LLC now owns 880 shares of the basic materials company's stock valued at $33,000 after buying an additional 350 shares during the period. Finally, Redwood Park Advisors LLC purchased a new position in Newmont in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 68.85% of the company's stock.

Newmont Company Profile

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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