National Bank Financial Comments on Newmont FY2025 Earnings

Key Points

• National Bank Financial has lowered its FY2025 earnings estimate for Newmont Corporation from $6.05 to $5.97, maintaining a "Strong-Buy" rating for the stock.
• Newmont's recent quarterly earnings exceeded expectations, reporting $1.43 earnings per share, which is significantly higher than the consensus estimate of $0.95.
• The company announced a quarterly dividend of $0.25 per share, with an annualized dividend yield of 1.2%, to be paid on September 29th.

Newmont Corporation (NYSE:NEM - Free Report) - Investment analysts at National Bank Financial decreased their FY2025 earnings estimates for Newmont in a research note issued to investors on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings per share of $5.97 for the year, down from their prior estimate of $6.05. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Newmont's current full-year earnings is $3.45 per share.

Several other equities research analysts also recently commented on the company. Royal Bank Of Canada raised Newmont from a "sector perform" rating to an "outperform" rating and upped their target price for the company from $66.00 to $95.00 in a report on Wednesday, September 10th. Raymond James Financial boosted their price objective on Newmont from $77.00 to $84.00 and gave the stock an "outperform" rating in a report on Tuesday. CIBC raised their target price on shares of Newmont from $74.00 to $78.00 and gave the stock a "neutral" rating in a report on Friday, September 12th. The Goldman Sachs Group lifted their target price on shares of Newmont from $63.10 to $77.30 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Finally, UBS Group upped their price target on shares of Newmont from $70.00 to $92.00 and gave the company a "buy" rating in a research report on Friday, September 19th. Four analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Newmont currently has an average rating of "Moderate Buy" and a consensus price target of $73.38.

Newmont Stock Performance

NEM opened at $83.60 on Friday. The company has a quick ratio of 1.91, a current ratio of 2.23 and a debt-to-equity ratio of 0.23. The firm has a market cap of $91.83 billion, a PE ratio of 15.01, a P/E/G ratio of 0.97 and a beta of 0.34. The business has a fifty day simple moving average of $71.48 and a 200-day simple moving average of $59.44. Newmont has a fifty-two week low of $36.86 and a fifty-two week high of $86.62.

Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The basic materials company reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.48. Newmont had a return on equity of 17.86% and a net margin of 30.50%.The company had revenue of $5.32 billion for the quarter, compared to analysts' expectations of $4.70 billion. During the same quarter in the prior year, the company earned $0.72 earnings per share. The firm's revenue was up 20.8% on a year-over-year basis.

Institutional Trading of Newmont

Large investors have recently made changes to their positions in the stock. Brighton Jones LLC boosted its holdings in shares of Newmont by 15.7% during the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock worth $506,000 after buying an additional 1,847 shares during the period. GTS Securities LLC grew its position in shares of Newmont by 104.5% in the fourth quarter. GTS Securities LLC now owns 7,173 shares of the basic materials company's stock valued at $267,000 after purchasing an additional 164,988 shares during the last quarter. Siemens Fonds Invest GmbH increased its stake in shares of Newmont by 172.5% in the fourth quarter. Siemens Fonds Invest GmbH now owns 33,754 shares of the basic materials company's stock worth $1,256,000 after purchasing an additional 21,368 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Newmont by 30.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 185,833 shares of the basic materials company's stock worth $6,917,000 after purchasing an additional 43,250 shares during the period. Finally, 111 Capital bought a new stake in Newmont during the 4th quarter valued at approximately $368,000. Institutional investors own 68.85% of the company's stock.

Insider Activity at Newmont

In related news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $74.59, for a total transaction of $154,923.43. Following the completion of the sale, the director owned 38,949 shares of the company's stock, valued at approximately $2,905,205.91. This trade represents a 5.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brian Tabolt sold 7,015 shares of the business's stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $68.02, for a total value of $477,160.30. Following the completion of the transaction, the chief accounting officer owned 32,615 shares in the company, valued at $2,218,472.30. This trade represents a 17.70% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,246 shares of company stock valued at $1,253,559. Insiders own 0.05% of the company's stock.

Newmont Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Thursday, September 4th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Thursday, September 4th. Newmont's dividend payout ratio (DPR) is currently 17.95%.

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.

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