Research Analysts Offer Predictions for Newmont Q1 Earnings

Newmont Co. (NYSE:NEM - Free Report) - Stock analysts at Raymond James increased their Q1 2025 earnings estimates for Newmont in a research report issued to clients and investors on Monday, January 27th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings per share of $0.80 for the quarter, up from their previous estimate of $0.76. Raymond James currently has a "Outperform" rating and a $59.00 target price on the stock. The consensus estimate for Newmont's current full-year earnings is $3.07 per share. Raymond James also issued estimates for Newmont's Q2 2025 earnings at $0.77 EPS and Q3 2025 earnings at $0.74 EPS.

A number of other brokerages have also recently commented on NEM. CLSA started coverage on shares of Newmont in a research report on Friday, November 29th. They set an "underperform" rating on the stock. Jefferies Financial Group upped their price target on Newmont from $54.00 to $63.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Cibc World Mkts cut Newmont from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 28th. Royal Bank of Canada decreased their target price on Newmont from $54.00 to $53.00 and set a "sector perform" rating for the company in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group began coverage on Newmont in a report on Monday, January 13th. They set a "buy" rating and a $47.20 target price for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Newmont has an average rating of "Moderate Buy" and an average price target of $53.44.

Newmont Trading Up 0.4 %

Shares of Newmont stock traded up $0.19 during midday trading on Wednesday, reaching $41.54. The company had a trading volume of 9,941,780 shares, compared to its average volume of 8,054,992. The firm has a market cap of $47.29 billion, a PE ratio of -27.33, a P/E/G ratio of 0.33 and a beta of 0.50. The stock has a fifty day moving average price of $40.30 and a 200 day moving average price of $46.72. 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 has a fifty-two week low of $29.42 and a fifty-two week high of $58.72.

Institutional Investors Weigh In On Newmont

Institutional investors and hedge funds have recently bought and sold shares of the business. Avior Wealth Management LLC grew its holdings in shares of Newmont by 191.8% in the third quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company's stock worth $27,000 after purchasing an additional 326 shares during the last quarter. Hoese & Co LLP purchased a new position in Newmont in the third quarter worth $27,000. Prospera Private Wealth LLC acquired a new stake in shares of Newmont in the 3rd quarter worth $28,000. Highline Wealth Partners LLC purchased a new stake in Newmont in the third quarter valued at about $32,000. Finally, McIlrath & Eck LLC grew its stake in shares of Newmont by 80.6% during the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company's stock worth $43,000 after acquiring an additional 361 shares during the last quarter. 68.85% of the stock is owned by institutional investors.

Insider Activity

In other Newmont news, Director Harry M. Iv Conger bought 9,498 shares of the firm's stock in a transaction on Wednesday, November 27th. The stock was acquired at an average price of $42.15 per share, with a total value of $400,340.70. Following the transaction, the director now owns 14,498 shares in the company, valued at $611,090.70. This represents a 189.96 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bruce R. Brook sold 2,077 shares of the firm's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $83,080.00. Following the completion of the transaction, the director now owns 52,070 shares in the company, valued at approximately $2,082,800. This trade represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,077 shares of company stock worth $563,080. Insiders own 0.06% 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.