Zacks Research Has Optimistic Outlook of Newmont Q1 Earnings

Newmont Co. (NYSE:NEM - Free Report) - Analysts at Zacks Research raised their Q1 2025 earnings per share (EPS) estimates for shares of Newmont in a research note issued to investors on Friday, October 18th. Zacks Research analyst A. Barman now anticipates that the basic materials company will post earnings of $0.65 per share for the quarter, up from their prior forecast of $0.55. The consensus estimate for Newmont's current full-year earnings is $3.10 per share. Zacks Research also issued estimates for Newmont's Q2 2026 earnings at $0.87 EPS.

A number of other research firms also recently weighed in on NEM. BMO Capital Markets upped their price target on shares of Newmont from $56.00 to $57.00 and gave the stock an "outperform" rating in a research note on Thursday, July 25th. CIBC raised shares of Newmont from a "neutral" rating to a "sector outperform" rating and lifted their price objective for the company from $46.00 to $61.00 in a research note on Wednesday, July 10th. Bank of America boosted their price target on Newmont from $49.00 to $50.00 and gave the stock a "buy" rating in a research report on Wednesday, June 26th. Argus raised shares of Newmont from a "hold" rating to a "buy" rating and set a $58.00 target price for the company in a research report on Thursday, August 29th. Finally, Jefferies Financial Group upped their price target on shares of Newmont from $54.00 to $63.00 and gave the company a "buy" rating in a report on Friday, October 4th. Five research analysts have rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, Newmont currently has an average rating of "Moderate Buy" and an average target price of $53.46.

Newmont Stock Down 0.1 %

NYSE:NEM traded down $0.03 on Monday, hitting $57.59. 8,255,200 shares of the company's stock traded hands, compared to its average volume of 10,154,360. The company has a market cap of $66.41 billion, a PE ratio of -21.58, a price-to-earnings-growth ratio of 0.43 and a beta of 0.50. Newmont has a 1 year low of $29.42 and a 1 year high of $58.71. The company has a current ratio of 2.11, a quick ratio of 1.85 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $52.88 and a 200-day moving average price of $46.39.

Newmont (NYSE:NEM - Get Free Report) last released its earnings results on Wednesday, July 24th. The basic materials company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.62 by $0.10. Newmont had a negative net margin of 13.16% and a positive return on equity of 8.35%. The firm had revenue of $4.40 billion for the quarter, compared to analysts' expectations of $4.13 billion. During the same quarter last year, the company earned $0.33 EPS. Newmont's quarterly revenue was up 64.1% on a year-over-year basis.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 5th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, September 5th. This represents a $1.00 dividend on an annualized basis and a yield of 1.74%. Newmont's payout ratio is presently -37.45%.

Insider Activity

In other Newmont news, CEO Thomas Ronald Palmer sold 20,000 shares of the firm's stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $49.51, for a total value of $990,200.00. Following the transaction, the chief executive officer now directly owns 311,469 shares of the company's stock, valued at approximately $15,420,830.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Newmont news, EVP Peter Toth sold 3,000 shares of the stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $53.81, for a total value of $161,430.00. Following the sale, the executive vice president now directly owns 91,596 shares in the company, valued at approximately $4,928,780.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Thomas Ronald Palmer sold 20,000 shares of the company's stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $49.51, for a total transaction of $990,200.00. Following the completion of the sale, the chief executive officer now owns 311,469 shares of the company's stock, valued at approximately $15,420,830.19. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,000 shares of company stock valued at $3,434,640. 0.06% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Newmont

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NEM. Bessemer Group Inc. raised its position in shares of Newmont by 7.5% in the first quarter. Bessemer Group Inc. now owns 7,539 shares of the basic materials company's stock valued at $271,000 after purchasing an additional 529 shares during the period. Herr Investment Group LLC acquired a new position in shares of Newmont in the second quarter valued at approximately $419,000. Truist Financial Corp increased its stake in shares of Newmont by 8.1% during the second quarter. Truist Financial Corp now owns 150,352 shares of the basic materials company's stock worth $6,295,000 after purchasing an additional 11,276 shares during the period. Primoris Wealth Advisors LLC acquired a new stake in shares of Newmont during the second quarter worth $607,000. Finally, Forsta AP Fonden raised its stake in Newmont by 9.6% in the 1st quarter. Forsta AP Fonden now owns 252,100 shares of the basic materials company's stock worth $9,035,000 after purchasing an additional 22,100 shares in the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

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.