Research Analysts Set Expectations for Newmont Q2 Earnings

Newmont Corporation (NYSE:NEM - Free Report) - Equities research analysts at Stifel Canada issued their Q2 2025 earnings estimates for shares of Newmont in a research report issued to clients and investors on Tuesday, July 8th. Stifel Canada analyst R. Profiti forecasts that the basic materials company will earn $1.05 per share for the quarter. Stifel Canada currently has a "Strong-Buy" rating on the stock. The consensus estimate for Newmont's current full-year earnings is $3.45 per share. Stifel Canada also issued estimates for Newmont's Q3 2025 earnings at $0.91 EPS, Q4 2025 earnings at $0.91 EPS, FY2025 earnings at $4.55 EPS, FY2026 earnings at $3.78 EPS and FY2027 earnings at $4.37 EPS.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.54. Newmont had a net margin of 25.77% and a return on equity of 15.75%. The firm had revenue of $5.01 billion during the quarter, compared to the consensus estimate of $4.82 billion. During the same quarter in the prior year, the firm earned $0.55 EPS.

Several other brokerages have also recently issued reports on NEM. Cfra Research raised shares of Newmont to a "strong-buy" rating in a research note on Friday, April 25th. Argus set a $63.00 price objective on shares of Newmont in a research note on Friday, April 25th. Royal Bank Of Canada upped their price objective on shares of Newmont from $52.00 to $66.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. National Bankshares reaffirmed a "sector perform" rating on shares of Newmont in a research note on Tuesday, June 24th. Finally, National Bank Financial raised shares of Newmont to a "hold" rating in a research note on Friday, March 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $61.45.

Newmont Price Performance

NYSE NEM traded up $0.34 during trading hours on Friday, hitting $60.12. 9,103,957 shares of the company's stock traded hands, compared to its average volume of 10,640,782. Newmont has a 52-week low of $36.86 and a 52-week high of $60.42. The company has a market capitalization of $66.91 billion, a PE ratio of 13.48, a PEG ratio of 0.68 and a beta of 0.33. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.98 and a quick ratio of 1.70. The firm's 50-day moving average is $55.17 and its 200-day moving average is $48.76.

Hedge Funds Weigh In On Newmont

Large investors have recently made changes to their positions in the stock. Bessemer Group Inc. lifted its holdings in Newmont by 13.2% during the 1st quarter. Bessemer Group Inc. now owns 11,791 shares of the basic materials company's stock worth $569,000 after buying an additional 1,379 shares in the last quarter. First Trust Advisors LP lifted its holdings in Newmont by 9.9% during the 4th quarter. First Trust Advisors LP now owns 96,040 shares of the basic materials company's stock worth $3,575,000 after buying an additional 8,678 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Newmont during the 1st quarter worth approximately $423,000. Spire Wealth Management lifted its holdings in Newmont by 125.0% during the 1st quarter. Spire Wealth Management now owns 2,356 shares of the basic materials company's stock worth $114,000 after buying an additional 1,309 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its holdings in Newmont by 773.7% during the 4th quarter. Teacher Retirement System of Texas now owns 67,461 shares of the basic materials company's stock worth $2,511,000 after buying an additional 59,740 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $54.09, for a total value of $162,270.00. Following the transaction, the executive vice president directly owned 77,526 shares in the company, valued at approximately $4,193,381.34. This represents a 3.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $58.75, for a total transaction of $122,023.75. Following the completion of the transaction, the director owned 43,103 shares in the company, valued at approximately $2,532,301.25. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,231 shares of company stock worth $679,813. Company insiders own 0.05% of the company's stock.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Stockholders of record on Tuesday, May 27th were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, May 27th. This represents a $1.00 annualized dividend and a dividend yield of 1.66%. Newmont's dividend payout ratio is currently 22.42%.

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.