Raymond James Weighs in on Newmont's Q2 Earnings (NYSE:NEM)

Newmont Co. (NYSE:NEM - Free Report) - Investment analysts at Raymond James raised their Q2 2025 earnings per share (EPS) estimates for shares of Newmont in a research report issued on Friday, April 25th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will earn $1.05 per share for the quarter, up from their previous forecast of $1.04. Raymond James has a "Outperform" rating and a $66.00 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 FY2025 earnings at $4.53 EPS and FY2026 earnings at $4.39 EPS.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, beating the consensus estimate of $0.71 by $0.54. Newmont had a return on equity of 13.52% and a net margin of 17.92%. The company had revenue of $5.01 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period last year, the company earned $0.55 earnings per share.

Other equities research analysts have also recently issued reports about the stock. Scotiabank reiterated a "sector perform" rating on shares of Newmont in a research report on Monday, April 14th. Royal Bank of Canada boosted their target price on shares of Newmont from $51.00 to $52.00 and gave the company a "sector perform" rating in a report on Friday, April 4th. The Goldman Sachs Group began coverage on shares of Newmont in a research report on Monday, January 13th. They set a "buy" rating and a $47.20 price target on the stock. StockNews.com raised Newmont from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of Newmont in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, Newmont has a consensus rating of "Moderate Buy" and a consensus target price of $55.63.

Newmont Price Performance

Shares of NYSE NEM traded down $1.33 during trading on Monday, hitting $51.35. The company had a trading volume of 1,808,931 shares, compared to its average volume of 9,809,792. The firm has a market capitalization of $57.88 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54. Newmont has a fifty-two week low of $36.86 and a fifty-two week high of $58.72. The stock has a fifty day simple moving average of $48.27 and a two-hundred day simple moving average of $45.17. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 20th. Investors of record on Tuesday, May 27th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Tuesday, May 27th. Newmont's dividend payout ratio is currently 22.42%.

Insider Activity

In other Newmont news, EVP Peter Toth sold 3,000 shares of Newmont stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $42.89, for a total transaction of $128,670.00. Following the completion of the transaction, the executive vice president now owns 79,596 shares in the company, valued at approximately $3,413,872.44. The trade was a 3.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $42.89, for a total value of $89,082.53. Following the completion of the sale, the director now directly owns 49,993 shares in the company, valued at approximately $2,144,199.77. The trade was a 3.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,154 shares of company stock valued at $825,678 over the last quarter. Corporate insiders own 0.05% of the company's stock.

Institutional Trading of Newmont

Several institutional investors have recently made changes to their positions in NEM. Cromwell Holdings LLC lifted its stake in shares of Newmont by 252.3% in the 1st quarter. Cromwell Holdings LLC now owns 3,755 shares of the basic materials company's stock valued at $181,000 after purchasing an additional 2,689 shares in the last quarter. Xponance Inc. boosted its holdings in Newmont by 1.0% in the 1st quarter. Xponance Inc. now owns 167,743 shares of the basic materials company's stock worth $8,099,000 after acquiring an additional 1,658 shares during the period. Fidelis Capital Partners LLC purchased a new stake in shares of Newmont during the first quarter valued at approximately $182,000. Alps Advisors Inc. boosted its stake in shares of Newmont by 17.2% in the first quarter. Alps Advisors Inc. now owns 1,436,547 shares of the basic materials company's stock valued at $69,356,000 after purchasing an additional 210,930 shares during the period. Finally, Allworth Financial LP boosted its position in Newmont by 25.7% in the 1st quarter. Allworth Financial LP now owns 6,037 shares of the basic materials company's stock valued at $291,000 after buying an additional 1,234 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.