Raymond James Has Negative Outlook of Newmont Q2 Earnings

Newmont Co. (NYSE:NEM) – Research analysts at Raymond James dropped their Q2 2025 earnings per share (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 post earnings per share of $0.83 for the quarter, down from their prior forecast 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.

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

Several other research firms also recently commented on NEM. Cibc World Mkts downgraded Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Veritas upgraded Newmont to a “strong-buy” rating in a report on Monday, September 30th. Bernstein Bank upped their price objective on shares of Newmont from $55.00 to $58.00 in a research note on Monday, November 11th. Argus raised shares of Newmont from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Thursday, August 29th. Finally, UBS Group cut shares of Newmont from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $67.00 to $54.00 in a research report on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Newmont presently has an average rating of “Moderate Buy” and a consensus price target of $54.85.

Newmont Stock Performance

Shares of NYSE:NEM opened at $43.38 on Friday. 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 firm has a market cap of $49.39 billion, a PE ratio of -28.54, a price-to-earnings-growth ratio of 0.37 and a beta of 0.51. The firm’s 50 day simple moving average is $50.23 and its 200-day simple moving average is $47.47. Newmont has a one year low of $29.42 and a one year high of $58.72.

Institutional Trading of Newmont

Large investors have recently added to or reduced their stakes in the company. LRI Investments LLC acquired a new stake in shares of Newmont during the first quarter worth about $25,000. Strategic Financial Concepts LLC acquired a new stake in Newmont during the 2nd quarter valued at approximately $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Newmont in the 2nd quarter valued at $27,000. Hoese & Co LLP acquired a new stake in shares of Newmont in the third quarter worth $27,000. Finally, Avior Wealth Management LLC raised its holdings in shares of Newmont by 191.8% during 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. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Buying and Selling

In other news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $53.81, for a total transaction of $161,430.00. Following the completion of the sale, the executive vice president now directly owns 91,596 shares in the company, valued at approximately $4,928,780.76. The trade was a 3.17 % decrease in their ownership of the stock. The transaction 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 the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total value of $1,049,400.00. Following the completion of the transaction, the chief executive officer now directly owns 291,469 shares in the company, valued at approximately $15,293,378.43. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,000 shares of company stock worth $2,444,440 in the last ninety days. 0.06% of the stock is owned by insiders.

Newmont Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th will be given a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.31%. Newmont’s payout ratio is -65.79%.

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.