Equities Analysts Offer Predictions for Newmont Q2 Earnings

Newmont Corporation (NYSE:NEM - Free Report) - Investment analysts at National Bank Financial issued their Q2 2025 EPS estimates for shares of Newmont in a note issued to investors on Tuesday, July 15th. National Bank Financial analyst S. Nagle anticipates that the basic materials company will earn $1.15 per share for the quarter. National Bank Financial has a "Hold" rating on the stock. The consensus estimate for Newmont's current full-year earnings is $3.45 per share.

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

Other research analysts have also issued research reports about the stock. Cfra Research upgraded shares of Newmont to a "strong-buy" rating in a research report on Friday, April 25th. Scotiabank restated a "sector perform" rating on shares of Newmont in a research report on Monday, April 14th. Wall Street Zen upgraded shares of Newmont from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Stifel Canada upgraded shares of Newmont to a "strong-buy" rating in a research report on Tuesday, July 8th. Finally, Stifel Nicolaus began coverage on shares of Newmont in a research report on Wednesday, July 9th. They set a "buy" rating and a $73.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $62.49.

Newmont Stock Performance

NEM traded down $0.45 on Thursday, reaching $58.00. The company had a trading volume of 13,667,467 shares, compared to its average volume of 10,797,938. Newmont has a fifty-two week low of $36.86 and a fifty-two week high of $61.17. The stock has a market cap of $64.55 billion, a P/E ratio of 13.00, a P/E/G ratio of 0.66 and a beta of 0.33. The company's fifty day moving average is $55.64 and its 200 day moving average is $49.34. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.70 and a current ratio of 1.98.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, May 27th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Tuesday, May 27th. Newmont's payout ratio is 22.42%.

Insider Activity at Newmont

In related news, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $58.75, for a total value of $122,023.75. Following the completion of the transaction, the director owned 43,103 shares of the company's stock, valued at $2,532,301.25. This represents a 4.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $54.09, for a total transaction of $162,270.00. Following the completion of the transaction, the executive vice president directly owned 77,526 shares of the company's stock, valued at approximately $4,193,381.34. The trade was a 3.73% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,231 shares of company stock valued at $679,813. 0.05% of the stock is owned by insiders.

Hedge Funds Weigh In On Newmont

Large investors have recently modified their holdings of the business. SOA Wealth Advisors LLC. raised its stake in shares of Newmont by 64.0% during the first quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 201 shares during the last quarter. Cloud Capital Management LLC bought a new position in shares of Newmont during the first quarter valued at $26,000. Colonial Trust Advisors raised its stake in shares of Newmont by 315.4% during the first quarter. Colonial Trust Advisors now owns 565 shares of the basic materials company's stock valued at $27,000 after acquiring an additional 429 shares during the last quarter. Financial Management Professionals Inc. raised its stake in shares of Newmont by 274.1% during the second quarter. Financial Management Professionals Inc. now owns 606 shares of the basic materials company's stock valued at $35,000 after acquiring an additional 444 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its stake in shares of Newmont by 92.3% during the second quarter. ST Germain D J Co. Inc. now owns 625 shares of the basic materials company's stock valued at $36,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 68.85% of the company's stock.

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.