Analysts Set Expectations for Newmont Q1 Earnings

Newmont Co. (NYSE:NEM - Free Report) - Equities researchers at National Bank Financial issued their Q1 2025 earnings estimates for shares of Newmont in a research report issued on Tuesday, April 22nd. National Bank Financial analyst S. Nagle expects that the basic materials company will earn $1.00 per share for the quarter. 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. National Bank Financial also issued estimates for Newmont's FY2026 earnings at $5.47 EPS.

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, topping the consensus estimate of $0.71 by $0.54. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The company had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the prior year, the business earned $0.55 earnings per share.

Several other equities research analysts also recently weighed in on the company. Argus set a $63.00 target price on Newmont in a research report on Friday. BMO Capital Markets reissued an "outperform" rating on shares of Newmont in a report on Thursday. National Bankshares reissued a "sector perform" rating on shares of Newmont in a report on Wednesday, April 23rd. StockNews.com raised Newmont from a "hold" rating to a "buy" rating in a report on Monday, February 24th. Finally, UBS Group raised Newmont from a "neutral" rating to a "buy" rating and increased their price target for the company from $50.00 to $60.00 in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $55.40.

Newmont Stock Up 0.2 %

Shares of NYSE NEM traded up $0.11 on Friday, hitting $54.05. The company had a trading volume of 9,365,415 shares, compared to its average volume of 9,858,359. Newmont has a 12-month low of $36.86 and a 12-month high of $58.72. The business has a 50 day moving average of $47.89 and a two-hundred day moving average of $45.07. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $60.93 billion, a P/E ratio of 18.45, a PEG ratio of 0.41 and a beta of 0.54.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th will be given 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 payout ratio is 22.42%.

Insider Transactions at Newmont

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

Institutional Trading of Newmont

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp raised its holdings in Newmont by 1.6% during the fourth quarter. Van ECK Associates Corp now owns 49,747,598 shares of the basic materials company's stock worth $1,851,606,000 after purchasing an additional 797,445 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Newmont by 5.2% during the 4th quarter. Geode Capital Management LLC now owns 24,697,779 shares of the basic materials company's stock valued at $919,484,000 after purchasing an additional 1,213,397 shares during the period. Norges Bank bought a new stake in shares of Newmont in the 4th quarter worth $626,074,000. Northern Trust Corp raised its stake in shares of Newmont by 11.5% in the 4th quarter. Northern Trust Corp now owns 12,742,155 shares of the basic materials company's stock worth $474,263,000 after buying an additional 1,309,177 shares in the last quarter. Finally, Amundi lifted its holdings in shares of Newmont by 14.0% in the fourth quarter. Amundi now owns 12,302,579 shares of the basic materials company's stock valued at $481,400,000 after buying an additional 1,507,708 shares during the period. 68.85% of the stock is currently owned by institutional investors.

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.