Newmont Q3 EPS Forecast Lifted by Raymond James Financial

Key Points

• Raymond James Financial has raised Newmont Corporation's Q3 2025 earnings per share forecast to $1.30, increasing from a previous estimate of $1.18, while the consensus estimate for full-year earnings stands at $3.45.
• Newmont's current stock rating is categorized as a Moderate Buy, with four analysts rating it as a Strong Buy and a target price averaging $83.18.
• The company reported a 20.8% year-over-year increase in revenue, totaling $5.32 billion, along with a significant earnings beat, reporting $1.43 EPS compared to analysts’ expectations of $0.95 EPS.

Newmont Corporation (NYSE:NEM - Free Report) - Equities researchers at Raymond James Financial raised their Q3 2025 earnings per share estimates for Newmont in a research note issued on Thursday, October 9th. Raymond James Financial analyst B. Macarthur now forecasts that the basic materials company will post earnings per share of $1.30 for the quarter, up from their previous estimate of $1.18. The consensus estimate for Newmont's current full-year earnings is $3.45 per share. Raymond James Financial also issued estimates for Newmont's FY2025 earnings at $5.50 EPS.

NEM has been the subject of several other reports. Zacks Research cut Newmont from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 4th. The Goldman Sachs Group set a $104.30 target price on Newmont in a research note on Sunday. Macquarie cut Newmont from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. Stifel Canada raised Newmont to a "strong-buy" rating in a research note on Tuesday, July 8th. Finally, Cibc World Mkts raised Newmont from a "hold" rating to a "strong-buy" rating in a research note on Friday. Four research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $83.18.

Newmont Price Performance

NEM stock opened at $85.07 on Monday. The company has a current ratio of 2.23, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $93.45 billion, a PE ratio of 15.27, a P/E/G ratio of 0.94 and a beta of 0.34. Newmont has a 12-month low of $36.86 and a 12-month high of $89.37. The business's fifty day moving average price is $76.77 and its 200 day moving average price is $62.65.

Newmont (NYSE:NEM - Get Free Report) last posted its earnings results on Thursday, July 24th. The basic materials company reported $1.43 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $4.70 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The company's revenue for the quarter was up 20.8% on a year-over-year basis.

Institutional Investors Weigh In On Newmont

A number of hedge funds and other institutional investors have recently made changes to their positions in NEM. Brighton Jones LLC grew its position in Newmont by 15.7% during the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock valued at $506,000 after acquiring an additional 1,847 shares during the period. GAMMA Investing LLC grew its position in Newmont by 22.2% during the first quarter. GAMMA Investing LLC now owns 21,146 shares of the basic materials company's stock valued at $1,021,000 after acquiring an additional 3,840 shares during the period. Integrated Advisors Network LLC purchased a new stake in Newmont during the first quarter valued at about $339,000. CX Institutional boosted its position in shares of Newmont by 28.7% in the first quarter. CX Institutional now owns 6,657 shares of the basic materials company's stock worth $321,000 after buying an additional 1,483 shares during the period. Finally, Fifth Third Bancorp grew its stake in shares of Newmont by 13.6% in the first quarter. Fifth Third Bancorp now owns 38,414 shares of the basic materials company's stock valued at $1,855,000 after buying an additional 4,605 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company's stock.

Insiders Place Their Bets

In other Newmont news, EVP Peter Toth sold 3,000 shares of the company's stock in a transaction on Friday, August 1st. The stock was sold at an average price of $63.66, for a total value of $190,980.00. Following the sale, the executive vice president owned 58,736 shares of the company's stock, valued at approximately $3,739,133.76. This represents a 4.86% 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 stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $68.02, for a total transaction of $477,160.30. Following the completion of the sale, the chief accounting officer directly owned 32,615 shares in the company, valued at approximately $2,218,472.30. The trade was a 17.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,249 shares of company stock worth $1,132,065. 0.05% of the stock is owned by corporate insiders.

Newmont Dividend Announcement

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