Raymond James Weighs in on Newmont's Q1 Earnings (NYSE:NEM)

Newmont Co. (NYSE:NEM - Free Report) - Equities research analysts at Raymond James upped their Q1 2025 earnings per share estimates for Newmont in a note issued to investors on Tuesday, April 1st. Raymond James analyst B. Macarthur now forecasts that the basic materials company will earn $0.81 per share for the quarter, up from their previous estimate of $0.53. Raymond James has a "Outperform" rating and a $63.00 price target on the stock. The consensus estimate for Newmont's current full-year earnings is $3.45 per share. Raymond James also issued estimates for Newmont's Q1 2025 earnings at $0.81 EPS, Q2 2025 earnings at $0.56 EPS, Q2 2025 earnings at $0.56 EPS, Q3 2025 earnings at $0.59 EPS, Q4 2025 earnings at $0.69 EPS, Q4 2025 earnings at $0.69 EPS, FY2025 earnings at $2.65 EPS and FY2025 earnings at $2.65 EPS.

Several other equities research analysts also recently issued reports on NEM. Royal Bank of Canada raised their target price on shares of Newmont from $51.00 to $52.00 and gave the company a "sector perform" rating in a research note on Friday. TD Securities cut their price objective on Newmont from $46.00 to $45.00 and set a "hold" rating for the company in a research report on Wednesday, February 26th. 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 on the stock. Scotiabank cut their price target on Newmont from $52.00 to $50.00 and set a "sector perform" rating for the company in a report on Tuesday, January 21st. Finally, National Bank Financial raised shares of Newmont to a "hold" rating in a research report on Friday, March 21st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Newmont has an average rating of "Moderate Buy" and an average target price of $54.09.

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Newmont Stock Performance

Shares of NEM traded down $4.08 during midday trading on Friday, reaching $44.25. The stock had a trading volume of 21,146,797 shares, compared to its average volume of 9,653,406. The firm has a market cap of $49.88 billion, a PE ratio of 15.10, a P/E/G ratio of 0.41 and a beta of 0.54. The firm has a 50 day simple moving average of $45.34 and a 200-day simple moving average of $45.28. Newmont has a one year low of $36.60 and a one year high of $58.72. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30.

Newmont (NYSE:NEM - Get Free Report) last released its earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.29. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The business had revenue of $5.65 billion during the quarter, compared to analysts' expectations of $5.32 billion.

Institutional Trading of Newmont

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Public Sector Pension Investment Board lifted its stake in Newmont by 11.1% during the third quarter. Public Sector Pension Investment Board now owns 49,238 shares of the basic materials company's stock worth $2,632,000 after purchasing an additional 4,900 shares during the last quarter. Hilltop Holdings Inc. acquired a new position in shares of Newmont during the 3rd quarter worth $407,000. Investment Management Corp of Ontario lifted its position in shares of Newmont by 49.0% during the 3rd quarter. Investment Management Corp of Ontario now owns 38,328 shares of the basic materials company's stock worth $2,049,000 after buying an additional 12,600 shares during the last quarter. Royal London Asset Management Ltd. boosted its stake in Newmont by 2.7% in the third quarter. Royal London Asset Management Ltd. now owns 475,146 shares of the basic materials company's stock valued at $25,397,000 after buying an additional 12,705 shares in the last quarter. Finally, Quarry LP bought a new position in Newmont in the third quarter valued at about $161,000. Institutional investors own 68.85% of the company's stock.

Insider Activity at Newmont

In other news, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $83,080.00. Following the completion of the sale, the director now directly owns 52,070 shares in the company, valued at approximately $2,082,800. This represents a 3.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Natascha Viljoen sold 9,000 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 $360,000.00. Following the completion of the transaction, the chief operating officer now owns 145,967 shares in the company, valued at $5,838,680. The trade was a 5.81 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,231 shares of company stock worth $1,388,758. Company insiders own 0.05% of the company's stock.

Newmont Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.26%. Newmont's payout ratio is 34.13%.

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.