Equities Analysts Issue Forecasts for Newmont Q1 Earnings

Newmont Co. (NYSE:NEM) – Analysts at Raymond James boosted their Q1 2025 EPS estimates for Newmont in a report released on Tuesday, April 1st. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings of $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.

A number of other equities research analysts have also recently commented on NEM. Scotiabank lowered their target price on Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 21st. National Bank Financial upgraded shares of Newmont to a “hold” rating in a research note on Friday, March 21st. TD Securities reduced their target price on shares of 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 started coverage on shares of Newmont in a report on Monday, January 13th. They issued a “buy” rating and a $47.20 price target on the stock. Finally, StockNews.com raised Newmont from a “hold” rating to a “buy” rating in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Newmont currently has a consensus rating of “Moderate Buy” and an average price target of $54.09.

Newmont Stock Down 8.4 %

NEM stock opened at $44.25 on Friday. The stock has a market cap of $49.88 billion, a P/E ratio of 15.10, a P/E/G ratio of 0.41 and a beta of 0.54. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The stock’s fifty day simple moving average is $45.34 and its two-hundred day simple moving average is $45.28. Newmont has a 1-year low of $36.60 and a 1-year high of $58.72.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.11 by $0.29. The firm had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.32 billion. Newmont had a return on equity of 13.52% and a net margin of 17.92%.

Newmont Announces Dividend

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

Insider Transactions at Newmont

In other Newmont news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $120,000.00. Following the transaction, the executive vice president now directly owns 82,596 shares in the company, valued at $3,303,840. This represents a 3.50 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total value of $83,080.00. Following the sale, the director now owns 52,070 shares of the company’s stock, valued at approximately $2,082,800. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,231 shares of company stock valued at $1,388,758. 0.05% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Newmont

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Newmont in the 4th quarter worth $626,074,000. Voloridge Investment Management LLC bought a new position in Newmont in the fourth quarter valued at $92,693,000. Capital Research Global Investors increased its stake in Newmont by 70.7% in the fourth quarter. Capital Research Global Investors now owns 5,644,953 shares of the basic materials company’s stock valued at $210,105,000 after acquiring an additional 2,338,953 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Newmont during the fourth quarter valued at about $76,281,000. Finally, Invesco Ltd. lifted its stake in Newmont by 23.9% during the fourth quarter. Invesco Ltd. now owns 10,520,354 shares of the basic materials company’s stock worth $391,568,000 after purchasing an additional 2,028,150 shares during the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

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.