Newmont (NEM) Projected to Post Quarterly Earnings on Thursday

Newmont (NYSE:NEM - Get Free Report) will likely be issuing its Q4 2024 quarterly earnings data after the market closes on Thursday, February 20th. Analysts expect the company to announce earnings of $1.11 per share and revenue of $5.32 billion for the quarter. Parties that wish to listen to the company's conference call can do so using this link.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.11 by $0.29. Newmont had a negative net margin of 7.03% and a positive return on equity of 9.80%. The company had revenue of $5.65 billion during the quarter, compared to the consensus estimate of $5.32 billion. On average, analysts expect Newmont to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Newmont Trading Down 5.9 %

NEM stock traded down $2.84 during trading on Friday, reaching $45.25. The company had a trading volume of 17,229,932 shares, compared to its average volume of 9,447,639. Newmont has a 52 week low of $29.42 and a 52 week high of $58.72. The company has a market cap of $51.52 billion, a P/E ratio of -29.77, a PEG ratio of 0.40 and a beta of 0.52. The business has a 50 day moving average of $41.56 and a 200 day moving average of $46.46. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 4th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, March 4th. Newmont's payout ratio is currently -65.79%.

Insider Activity

In related news, Director Bruce R. Brook sold 2,077 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $89,082.53. Following the sale, the director now owns 49,993 shares in the company, valued at approximately $2,144,199.77. This trade represents a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the firm's stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the sale, the executive vice president now owns 82,596 shares in the company, valued at $3,303,840. This represents a 3.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 28,154 shares of company stock worth $1,166,843 over the last 90 days. 0.06% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Scotiabank decreased their price target on shares of Newmont from $52.00 to $50.00 and set a "sector perform" rating for the company in a research note on Tuesday, January 21st. JPMorgan Chase & Co. raised shares of Newmont from a "neutral" rating to an "overweight" rating in a research note on Tuesday, November 19th. Bernstein Bank increased their price target on shares of Newmont from $55.00 to $58.00 in a research note on Monday, November 11th. UBS Group downgraded shares of Newmont from a "buy" rating to a "neutral" rating and decreased their target price for the company from $67.00 to $54.00 in a research note on Wednesday, October 30th. Finally, Raymond James decreased their target price on shares of Newmont from $62.00 to $59.00 and set an "outperform" rating for the company in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Newmont currently has an average rating of "Moderate Buy" and an average target price of $53.37.

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.