Newmont FY2025 EPS Raised by National Bank Financial

Newmont Corporation (NYSE:NEM - Free Report) - National Bank Financial raised their FY2025 earnings per share estimates for Newmont in a report released on Tuesday, July 15th. National Bank Financial analyst S. Nagle now expects that the basic materials company will post earnings of $5.20 per share for the year, up from their prior estimate of $4.56. 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. National Bank Financial also issued estimates for Newmont's FY2026 earnings at $6.49 EPS.

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

A number of other equities research analysts also recently issued reports on the company. Royal Bank Of Canada boosted their price target on Newmont from $52.00 to $66.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Stifel Nicolaus started coverage on Newmont in a research report on Wednesday, July 9th. They issued a "buy" rating and a $73.00 price objective on the stock. CIBC set a $74.00 price target on Newmont and gave the company a "neutral" rating in a research note on Tuesday. The Goldman Sachs Group reissued a "neutral" rating and set a $60.90 target price on shares of Newmont in a research report on Tuesday, July 8th. Finally, UBS Group increased their target price on Newmont from $60.00 to $68.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $62.49.

Newmont Stock Performance

NYSE:NEM traded up $0.23 during trading hours on Friday, reaching $58.22. The company had a trading volume of 13,517,237 shares, compared to its average volume of 10,822,963. The company has a current ratio of 1.98, a quick ratio of 1.70 and a debt-to-equity ratio of 0.25. Newmont has a 52 week low of $36.86 and a 52 week high of $61.17. The firm has a market cap of $64.80 billion, a price-to-earnings ratio of 13.05, a PEG ratio of 0.64 and a beta of 0.33. The firm's 50 day moving average price is $55.83 and its 200-day moving average price is $49.63.

Newmont Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, May 27th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Tuesday, May 27th. Newmont's dividend payout ratio (DPR) is 22.42%.

Insider Buying and Selling

In other news, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $58.75, for a total value of $176,250.00. Following the sale, the executive vice president directly owned 74,526 shares of the company's stock, valued at $4,378,402.50. This represents a 3.87% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the business's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $58.75, for a total transaction of $122,023.75. Following 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,231 shares of company stock worth $679,813. 0.05% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Newmont in the 4th quarter valued at $626,074,000. Nuveen LLC purchased a new position in Newmont in the first quarter valued at $306,507,000. Pacer Advisors Inc. raised its position in shares of Newmont by 4,203.5% in the first quarter. Pacer Advisors Inc. now owns 5,376,551 shares of the basic materials company's stock worth $259,580,000 after acquiring an additional 5,251,616 shares during the period. Assenagon Asset Management S.A. boosted its stake in shares of Newmont by 1,502.5% during the 2nd quarter. Assenagon Asset Management S.A. now owns 4,692,606 shares of the basic materials company's stock worth $273,391,000 after acquiring an additional 4,399,778 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new stake in shares of Newmont during the 4th quarter valued at about $92,693,000. 68.85% of the stock is owned by institutional investors and hedge funds.

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.