Newmont (NYSE:NEM) Rating Increased to Strong-Buy at Stifel Canada

Stifel Canada upgraded shares of Newmont (NYSE:NEM - Free Report) to a strong-buy rating in a research note released on Tuesday,Zacks.com reports. Stifel Canada also issued estimates for Newmont's Q2 2025 earnings at $1.05 EPS, 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.

Several other brokerages have also recently commented on NEM. Raymond James Financial reiterated an "outperform" rating and set a $66.00 price target on shares of Newmont in a research report on Friday, April 25th. Argus set a $63.00 price target on Newmont in a research report on Friday, April 25th. BMO Capital Markets reiterated an "outperform" rating on shares of Newmont in a research report on Thursday, April 24th. Royal Bank Of Canada boosted their price target on Newmont from $52.00 to $66.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Finally, UBS Group boosted their price target on Newmont from $60.00 to $68.00 and gave the stock a "buy" rating in a research report on Thursday, July 3rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, Newmont currently has a consensus rating of "Moderate Buy" and a consensus price target of $61.45.

Newmont Price Performance

NYSE NEM traded up $0.42 on Tuesday, hitting $60.20. The company had a trading volume of 5,412,146 shares, compared to its average volume of 10,629,756. The company has a market capitalization of $67.00 billion, a PE ratio of 13.49, a PEG ratio of 0.67 and a beta of 0.33. The company's fifty day moving average price is $55.17 and its 200-day moving average price is $48.76. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.98 and a quick ratio of 1.70. Newmont has a 12-month low of $36.86 and a 12-month high of $60.42.

Newmont (NYSE:NEM - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $4.82 billion. During the same period in the previous year, the business earned $0.55 earnings per share. As a group, analysts predict that Newmont will post 3.45 earnings per share for the current year.

Newmont Announces Dividend

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

Insider Buying and Selling at Newmont

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

Hedge Funds Weigh In On Newmont

Several hedge funds have recently bought and sold shares of the company. SOA Wealth Advisors LLC. increased its holdings in Newmont by 64.0% during the 1st quarter. SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company's stock worth $25,000 after purchasing an additional 201 shares during the period. Cloud Capital Management LLC purchased a new stake in Newmont during the 1st quarter worth about $26,000. Colonial Trust Advisors increased its holdings in Newmont by 315.4% during the 1st quarter. Colonial Trust Advisors now owns 565 shares of the basic materials company's stock worth $27,000 after purchasing an additional 429 shares during the period. Private Trust Co. NA increased its holdings in Newmont by 122.6% during the 1st quarter. Private Trust Co. NA now owns 630 shares of the basic materials company's stock worth $30,000 after purchasing an additional 347 shares during the period. Finally, Nexus Investment Management ULC purchased a new stake in Newmont during the 1st quarter worth about $31,000. Institutional investors and hedge funds own 68.85% of the company's stock.

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.