Stifel Canada Comments on Newmont's Q2 Earnings (NYSE:NEM)

Newmont Corporation (NYSE:NEM - Free Report) - Research analysts at Stifel Canada upped their Q2 2025 earnings per share estimates for Newmont in a research report issued to clients and investors on Monday, July 21st. Stifel Canada analyst R. Profiti now anticipates that the basic materials company will post earnings per share of $1.12 for the quarter, up from their previous forecast of $1.05. Stifel Canada currently has a "Strong-Buy" rating on the stock. The consensus estimate for Newmont's current full-year earnings is $3.45 per share. Stifel Canada also issued estimates for Newmont's FY2026 earnings at $4.13 EPS.

Newmont (NYSE:NEM - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The basic materials company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.48. Newmont had a return on equity of 15.75% and a net margin of 25.77%. The company had revenue of $5.32 billion for the quarter, compared to analyst estimates of $4.70 billion. During the same quarter in the prior year, the firm posted $0.72 EPS. Newmont's quarterly revenue was up 20.8% compared to the same quarter last year.

A number of other equities analysts also recently issued reports on the company. UBS Group increased 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. Royal Bank Of Canada raised their price objective on Newmont from $52.00 to $66.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $60.90 price objective on shares of Newmont in a research report on Tuesday, July 8th. Scotiabank reaffirmed a "sector perform" rating on shares of Newmont in a report on Monday, April 14th. Finally, Cfra Research upgraded Newmont to a "strong-buy" rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Newmont has a consensus rating of "Moderate Buy" and a consensus price target of $62.49.

Newmont Trading Up 6.9%

NEM stock traded up $4.24 during midday trading on Wednesday, reaching $65.75. The company's stock had a trading volume of 30,854,023 shares, compared to its average volume of 12,222,543. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.70 and a current ratio of 1.98. The stock has a fifty day simple moving average of $56.74 and a two-hundred day simple moving average of $50.28. Newmont has a 1 year low of $36.86 and a 1 year high of $66.57. The firm has a market capitalization of $73.18 billion, a price-to-earnings ratio of 14.74, a PEG ratio of 0.90 and a beta of 0.33.

Hedge Funds Weigh In On Newmont

Large investors have recently modified their holdings of the business. Brighton Jones LLC lifted its stake in Newmont by 15.7% during the 4th quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company's stock worth $506,000 after acquiring an additional 1,847 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in Newmont by 773.7% during the 4th quarter. Teacher Retirement System of Texas now owns 67,461 shares of the basic materials company's stock worth $2,511,000 after purchasing an additional 59,740 shares during the period. Summit Global Investments increased its holdings in Newmont by 14.4% during the 4th quarter. Summit Global Investments now owns 8,657 shares of the basic materials company's stock worth $322,000 after purchasing an additional 1,092 shares during the period. Fox Run Management L.L.C. purchased a new stake in Newmont during the 4th quarter worth about $630,000. Finally, Stevens Capital Management LP increased its holdings in Newmont by 31.7% during the 4th quarter. Stevens Capital Management LP now owns 8,840 shares of the basic materials company's stock worth $329,000 after purchasing an additional 2,130 shares during the period. Institutional investors and hedge funds 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 business's stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $54.09, for a total transaction of $162,270.00. Following the transaction, the executive vice president 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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. Insiders have sold 12,231 shares of company stock worth $679,813 in the last three months. 0.05% of the stock is currently owned by corporate insiders.

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.