Raymond James Issues Negative Outlook for Newmont Earnings

Newmont Co. (NYSE:NEM - Free Report) - Research analysts at Raymond James cut their Q3 2025 earnings estimates for shares of Newmont in a note issued to investors on Sunday, October 27th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will earn $0.88 per share for the quarter, down from their prior estimate of $0.95. Raymond James currently has a "Outperform" rating and a $66.00 target price on the stock. The consensus estimate for Newmont's current full-year earnings is $3.13 per share. Raymond James also issued estimates for Newmont's FY2025 earnings at $3.53 EPS.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.81 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.05). Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The firm had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $4.67 billion. During the same period in the prior year, the firm posted $0.36 EPS. The firm's quarterly revenue was up 84.7% on a year-over-year basis.

A number of other research firms also recently commented on NEM. Veritas upgraded shares of Newmont to a "strong-buy" rating in a report on Monday, September 30th. BMO Capital Markets increased their price objective on Newmont from $56.00 to $57.00 and gave the company an "outperform" rating in a research report on Thursday, July 25th. Cibc World Mkts lowered Newmont from a "strong-buy" rating to a "hold" rating in a research report on Monday. JPMorgan Chase & Co. lowered Newmont from an "overweight" rating to a "neutral" rating in a research report on Monday, July 8th. Finally, Jefferies Financial Group boosted their price objective on Newmont from $54.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Nine research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Newmont currently has an average rating of "Moderate Buy" and an average price target of $53.85.

Newmont Price Performance

Newmont stock traded down $0.86 during midday trading on Wednesday, hitting $46.94. The company's stock had a trading volume of 11,948,342 shares, compared to its average volume of 10,403,009. Newmont has a 12 month low of $29.42 and a 12 month high of $58.72. 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 stock's 50-day moving average price is $53.26 and its 200-day moving average price is $47.06. The company has a market capitalization of $53.44 billion, a PE ratio of -31.45, a price-to-earnings-growth ratio of 0.40 and a beta of 0.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bessemer Group Inc. lifted its holdings in Newmont by 7.5% during the 1st 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 last quarter. Herr Investment Group LLC bought a new position in shares of Newmont in the second quarter valued at approximately $419,000. Truist Financial Corp boosted its holdings in shares of Newmont by 8.1% in the 2nd quarter. Truist Financial Corp now owns 150,352 shares of the basic materials company's stock worth $6,295,000 after acquiring an additional 11,276 shares in the last quarter. Cetera Trust Company N.A acquired a new stake in Newmont during the 3rd quarter valued at $705,000. Finally, Primoris Wealth Advisors LLC acquired a new position in Newmont in the second quarter worth $607,000. Institutional investors own 68.85% of the company's stock.

Insider Transactions at Newmont

In other Newmont news, CEO Thomas Ronald Palmer sold 20,000 shares of the 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 transaction, the chief executive officer now directly owns 311,469 shares of the company's stock, valued at $15,420,830.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $52.47, for a total transaction of $157,410.00. Following the completion of the transaction, the executive vice president now owns 94,596 shares of the company's stock, valued at approximately $4,963,452.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Thomas Ronald Palmer sold 20,000 shares of the firm's stock in a transaction on Thursday, August 1st. The stock was 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 in the company, valued at $15,420,830.19. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 66,000 shares of company stock worth $3,434,640 in the last 90 days. 0.06% of the stock is owned by insiders.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.13%. The ex-dividend date is Wednesday, November 27th. Newmont's dividend payout ratio is -65.79%.

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.