Raymond James Issues Negative Estimate for Newmont Earnings

Newmont Co. (NYSE:NEM - Free Report) - Research analysts at Raymond James decreased their Q2 2025 EPS estimates for Newmont in a research report issued on Tuesday, November 19th. Raymond James analyst B. Macarthur now expects that the basic materials company will earn $0.83 per share for the quarter, down from their previous estimate of $0.86. Raymond James has a "Outperform" rating and a $66.00 price objective on the stock. The consensus estimate for Newmont's current full-year earnings is $3.12 per share. Raymond James also issued estimates for Newmont's Q3 2025 earnings at $0.83 EPS and FY2025 earnings at $3.39 EPS.

Several other equities analysts have also weighed in on the stock. Royal Bank of Canada cut their price objective on shares of Newmont from $54.00 to $53.00 and set a "sector perform" rating on the stock in a report on Thursday, October 24th. Argus upgraded shares of Newmont from a "hold" rating to a "buy" rating and set a $58.00 price objective on the stock in a report on Thursday, August 29th. BMO Capital Markets increased their price objective on shares of Newmont from $56.00 to $57.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Jefferies Financial Group increased their price objective on shares of Newmont from $54.00 to $63.00 and gave the company a "buy" rating in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. upgraded shares of Newmont from a "neutral" rating to an "overweight" rating in a report on Tuesday. Eight research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Newmont currently has a consensus rating of "Moderate Buy" and an average target price of $54.85.

Newmont Price Performance

Shares of NEM stock traded up $0.06 during trading hours on Friday, reaching $43.38. 8,024,367 shares of the company were exchanged, compared to its average volume of 10,516,588. Newmont has a fifty-two week low of $29.42 and a fifty-two week high of $58.72. The stock's fifty day moving average is $50.43 and its two-hundred day moving average is $47.41. The company has a market cap of $49.39 billion, a price-to-earnings ratio of -28.45, a P/E/G ratio of 0.36 and a beta of 0.51. 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 announced its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share (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 company had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.67 billion. During the same quarter in the previous year, the company posted $0.36 earnings per share. Newmont's revenue for the quarter was up 84.7% on a year-over-year basis.

Newmont Dividend Announcement

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 is Wednesday, November 27th. This represents a $1.00 annualized dividend and a dividend yield of 2.31%. Newmont's dividend payout ratio is presently -65.79%.

Insider Transactions at Newmont

In related news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total transaction of $157,410.00. Following the completion of the sale, 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 3.07 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Thomas Ronald Palmer sold 20,000 shares of Newmont stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total transaction of $1,076,200.00. Following the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 46,000 shares of company stock worth $2,444,440 in the last ninety days. Insiders own 0.06% of the company's stock.

Institutional Trading of Newmont

Hedge funds and other institutional investors have recently modified their holdings of the stock. Waverton Investment Management Ltd boosted its holdings in Newmont by 14.0% in the 3rd quarter. Waverton Investment Management Ltd now owns 531,041 shares of the basic materials company's stock valued at $28,379,000 after purchasing an additional 65,075 shares during the period. Red Cedar Investment Management LLC bought a new stake in Newmont in the 3rd quarter valued at about $1,263,000. Bessemer Group Inc. boosted its holdings in Newmont by 7.5% in 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 period. Herr Investment Group LLC bought a new stake in Newmont in the 2nd quarter valued at about $419,000. Finally, Truist Financial Corp boosted its holdings in Newmont by 8.1% in the 2nd quarter. Truist Financial Corp now owns 150,352 shares of the basic materials company's stock valued at $6,295,000 after purchasing an additional 11,276 shares during the period. Institutional investors own 68.85% 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.