Raymond James Analysts Boost Earnings Estimates for Newmont

Newmont Co. (NYSE:NEM - Free Report) - Raymond James boosted their Q3 2025 EPS estimates for Newmont in a report released on Monday, December 9th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings per share of $0.79 for the quarter, up from their prior forecast of $0.78. Raymond James currently has a "Outperform" rating and a $59.00 price target on the stock. The consensus estimate for Newmont's current full-year earnings is $3.08 per share.

Several other equities research analysts have also recently commented on NEM. Cibc World Mkts cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 28th. Argus raised shares of Newmont from a "hold" rating to a "buy" rating and set a $58.00 price objective on the stock in a research report on Thursday, August 29th. Veritas raised shares of Newmont to a "strong-buy" rating in a research report on Monday, September 30th. Jefferies Financial Group boosted their price objective on shares of Newmont from $54.00 to $63.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Finally, CIBC cut shares of Newmont from a "sector outperform" rating to a "neutral" rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $54.31.

Newmont Trading Down 1.4 %

Shares of NYSE NEM traded down $0.59 during midday trading on Thursday, reaching $41.69. 5,330,135 shares of the stock were exchanged, compared to its average volume of 10,447,735. The business has a 50-day simple moving average of $46.99 and a two-hundred day simple moving average of $47.37. The company has a market capitalization of $47.46 billion, a price-to-earnings ratio of -27.50, a P/E/G ratio of 0.35 and a beta of 0.49. Newmont has a 12 month low of $29.42 and a 12 month high of $58.72. 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 (NYSE:NEM - Get Free Report) last released its earnings results 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). The business had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.67 billion. Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. Newmont's revenue was up 84.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.36 EPS.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.40%. Newmont's dividend payout ratio is presently -65.79%.

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the business's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $53.81, for a total transaction of $161,430.00. Following the transaction, the executive vice president now directly owns 91,596 shares in the company, valued at $4,928,780.76. The trade was a 3.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Harry M. Iv Conger purchased 9,498 shares of the firm's stock in a transaction that occurred on Wednesday, November 27th. The stock was bought at an average price of $42.15 per share, for a total transaction of $400,340.70. Following the purchase, the director now owns 14,498 shares in the company, valued at $611,090.70. The trade was a 189.96 % increase in their position. The disclosure for this purchase can be found here. 0.06% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Strategic Financial Concepts LLC acquired a new position in Newmont in the 2nd quarter valued at about $25,000. Meeder Asset Management Inc. bought a new stake in Newmont in the 2nd quarter valued at about $27,000. Hoese & Co LLP bought a new stake in Newmont in the 3rd quarter valued at about $27,000. Avior Wealth Management LLC boosted its holdings in 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 purchasing an additional 326 shares during the period. Finally, Prospera Private Wealth LLC bought a new stake in Newmont in the 3rd quarter valued at about $28,000. Institutional investors and hedge funds own 68.85% of the company's stock.

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.