Raymond James Has Negative Outlook of Newmont Q1 Earnings

Newmont Co. (NYSE:NEM - Free Report) - Research analysts at Raymond James lowered their Q1 2025 EPS estimates for shares of Newmont in a report released on Monday, December 9th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings of $0.76 per share for the quarter, down from their prior forecast of $0.78. Raymond James has a "Outperform" rating and a $59.00 price objective on the stock. The consensus estimate for Newmont's current full-year earnings is $3.08 per share. Raymond James also issued estimates for Newmont's Q2 2025 earnings at $0.75 EPS, Q4 2025 earnings at $0.79 EPS and FY2025 earnings at $3.08 EPS.

A number of other brokerages also recently commented on NEM. Scotiabank downgraded Newmont from a "sector outperform" rating to a "sector perform" rating and decreased their target price for the company from $59.00 to $55.00 in a report on Friday, October 25th. Veritas upgraded Newmont to a "strong-buy" rating in a research report on Monday, September 30th. Royal Bank of Canada lowered their price target on Newmont from $54.00 to $53.00 and set a "sector perform" rating on the stock in a report on Thursday, October 24th. CIBC cut Newmont from a "sector outperform" rating to a "neutral" rating in a report on Monday, October 28th. Finally, Cibc World Mkts lowered shares of Newmont from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 28th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $54.31.

Newmont Trading Up 1.9 %

NEM stock traded up $0.79 during trading on Wednesday, hitting $42.28. 8,348,806 shares of the company traded hands, compared to its average volume of 10,461,241. The firm has a market capitalization of $48.13 billion, a PE ratio of -27.76, a P/E/G ratio of 0.35 and a beta of 0.49. Newmont has a 1 year low of $29.42 and a 1 year high of $58.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The company has a 50-day moving average of $47.23 and a 200-day moving average of $47.41.

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

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, November 27th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.37%. The ex-dividend date is Wednesday, November 27th. Newmont's payout ratio is -65.79%.

Insider Activity at Newmont

In related news, Director Harry M. Iv Conger acquired 9,498 shares of the business's stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of $42.15 per share, with a total value of $400,340.70. Following the completion of the transaction, the director now owns 14,498 shares of the company's stock, valued at $611,090.70. The trade was a 189.96 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Ronald Palmer sold 20,000 shares of the business's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total value of $1,076,200.00. Following the transaction, the chief executive officer now directly owns 271,469 shares of the company's stock, valued at $14,607,746.89. The trade was a 6.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Newmont

Hedge funds and other institutional investors have recently modified their holdings of the company. Avior Wealth Management LLC grew its position in shares of Newmont by 191.8% in the 3rd quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company's stock valued at $27,000 after buying an additional 326 shares during the last quarter. Hoese & Co LLP purchased a new stake in shares of Newmont during the third quarter worth approximately $27,000. Prospera Private Wealth LLC acquired a new stake in shares of Newmont during the third quarter worth $28,000. Highline Wealth Partners LLC purchased a new position in Newmont in the 3rd quarter valued at $32,000. Finally, Meeder Asset Management Inc. purchased a new position in Newmont during the 2nd quarter worth $27,000. 68.85% of the stock is currently 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.