Scotiabank Has Negative Outlook for Newmont FY2025 Earnings

Newmont Co. (NYSE:NEM) – Stock analysts at Scotiabank lowered their FY2025 earnings per share (EPS) estimates for Newmont in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings per share of $2.86 for the year, down from their prior estimate of $3.37. Scotiabank has a “Sector Perform” rating and a $50.00 price target on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.45 per share. Scotiabank also issued estimates for Newmont’s FY2026 earnings at $2.58 EPS.

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

Several other research analysts also recently commented on the company. TD Securities cut their target price on Newmont from $46.00 to $45.00 and set a “hold” rating for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group assumed coverage on shares of Newmont in a research note on Monday, January 13th. They issued a “buy” rating and a $47.20 target price on the stock. Royal Bank of Canada boosted their price target on shares of Newmont from $47.00 to $52.00 and gave the company a “sector perform” rating in a research report on Tuesday, February 11th. CLSA assumed coverage on Newmont in a research note on Friday, November 29th. They set an “underperform” rating for the company. Finally, Raymond James decreased their target price on Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a research note on Monday, November 25th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Newmont presently has a consensus rating of “Moderate Buy” and an average target price of $53.16.

Newmont Trading Down 1.2 %

NYSE:NEM opened at $46.81 on Monday. Newmont has a 1 year low of $33.86 and a 1 year high of $58.72. The stock’s fifty day moving average price is $44.25 and its two-hundred day moving average price is $45.50. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The company has a market cap of $52.76 billion, a P/E ratio of 15.97, a P/E/G ratio of 0.41 and a beta of 0.54.

Hedge Funds Weigh In On Newmont

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighPoint Advisor Group LLC boosted its stake in Newmont by 3.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company’s stock worth $223,000 after acquiring an additional 219 shares in the last quarter. Confluence Investment Management LLC increased its position in Newmont by 2.4% during the 4th quarter. Confluence Investment Management LLC now owns 11,788 shares of the basic materials company’s stock valued at $439,000 after buying an additional 281 shares in the last quarter. Keel Point LLC boosted its holdings in Newmont by 2.0% in the fourth quarter. Keel Point LLC now owns 14,774 shares of the basic materials company’s stock worth $550,000 after acquiring an additional 287 shares in the last quarter. Howard Capital Management Inc. grew its stake in shares of Newmont by 5.4% in the fourth quarter. Howard Capital Management Inc. now owns 5,653 shares of the basic materials company’s stock worth $210,000 after acquiring an additional 292 shares during the last quarter. Finally, Intact Investment Management Inc. increased its holdings in shares of Newmont by 21.4% during the fourth quarter. Intact Investment Management Inc. now owns 1,700 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Buying and Selling at Newmont

In other news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $90,785.67. Following the sale, the director now owns 47,916 shares of the company’s stock, valued at approximately $2,094,408.36. The trade was a 4.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $131,130.00. Following the transaction, the executive vice president now owns 86,526 shares in the company, valued at $3,782,051.46. This represents a 3.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 33,231 shares of company stock valued at $1,388,758 in the last 90 days. Insiders own 0.06% of the company’s stock.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, March 4th. This represents a $1.00 dividend on an annualized basis and a yield of 2.14%. Newmont’s dividend payout ratio is presently 34.13%.

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.