Raymond James Financial Comments on Newmont FY2025 Earnings

Key Points

• Raymond James Financial has raised its FY2025 earnings per share estimate for Newmont Corporation from $4.82 to $5.11, maintaining an "Outperform" rating with a price target of $69.00.
• Newmont reported a quarterly EPS of $1.43, significantly exceeding analyst expectations of $0.95, and had a revenue of $5.32 billion, which is up 20.8% year-over-year.
• The company will distribute a quarterly dividend of $0.25 per share on September 29th, indicating a 1.4% annualized yield with a payout ratio of 17.95%.

Newmont Corporation (NYSE:NEM - Free Report) - Stock analysts at Raymond James Financial increased their FY2025 earnings per share estimates for shares of Newmont in a research report issued to clients and investors on Wednesday, August 20th. Raymond James Financial analyst B. Macarthur now forecasts that the basic materials company will post earnings of $5.11 per share for the year, up from their prior estimate of $4.82. Raymond James Financial has a "Outperform" rating and a $69.00 price objective on the stock. The consensus estimate for Newmont's current full-year earnings is $3.45 per share. Raymond James Financial also issued estimates for Newmont's Q1 2026 earnings at $1.25 EPS, Q2 2026 earnings at $1.30 EPS and Q4 2026 earnings at $1.36 EPS.

Other equities analysts have also recently issued reports about the company. Scotiabank lifted their price target on Newmont from $69.00 to $72.00 and gave the company a "sector perform" rating in a research report on Monday, July 28th. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $60.90 price objective on shares of Newmont in a research note on Tuesday, July 8th. CIBC set a $74.00 target price on Newmont and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. UBS Group upped their price target on shares of Newmont from $60.00 to $68.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Finally, Wall Street Zen raised Newmont from a "hold" rating to a "buy" rating in a research report on Friday, May 30th. Four equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $64.58.

Newmont Price Performance

Shares of NYSE:NEM traded up $0.39 during trading on Monday, reaching $71.16. The company had a trading volume of 9,400,272 shares, compared to its average volume of 8,617,222. The firm has a market capitalization of $78.17 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 0.84 and a beta of 0.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.91 and a current ratio of 2.23. Newmont has a twelve month low of $36.86 and a twelve month high of $71.75. The firm's fifty day moving average is $62.46 and its 200 day moving average is $54.15.

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

Hedge Funds Weigh In On Newmont

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hemington Wealth Management increased its stake in shares of Newmont by 17.6% during the 2nd quarter. Hemington Wealth Management now owns 1,135 shares of the basic materials company's stock worth $66,000 after purchasing an additional 170 shares during the last quarter. IVC Wealth Advisors LLC boosted its holdings in Newmont by 1.3% in the second quarter. IVC Wealth Advisors LLC now owns 13,947 shares of the basic materials company's stock worth $813,000 after purchasing an additional 173 shares in the last quarter. L2 Asset Management LLC increased its position in Newmont by 3.6% during the second quarter. L2 Asset Management LLC now owns 4,987 shares of the basic materials company's stock worth $291,000 after buying an additional 174 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Newmont by 11.9% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,737 shares of the basic materials company's stock worth $101,000 after buying an additional 185 shares during the last quarter. Finally, Aaron Wealth Advisors LLC raised its holdings in Newmont by 4.4% during the second quarter. Aaron Wealth Advisors LLC now owns 4,460 shares of the basic materials company's stock valued at $260,000 after buying an additional 190 shares in the last quarter. Institutional investors own 68.85% of the company's stock.

Insider Buying and Selling

In related news, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction on Friday, August 1st. The stock was sold at an average price of $63.66, for a total transaction of $132,221.82. Following the completion of the sale, the director owned 41,026 shares of the company's stock, valued at approximately $2,611,715.16. This trade represents a 4.82% 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 ninety days, insiders sold 22,246 shares of company stock worth $1,373,251. Corporate insiders own 0.05% of the company's stock.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Thursday, September 4th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, September 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.4%. Newmont's dividend payout ratio is 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.