Raymond James Comments on Newmont’s Q2 Earnings (NYSE:NEM)

Newmont Co. (NYSE:NEM) – Analysts at Raymond James decreased their Q2 2025 earnings per share estimates for shares of Newmont in a research report issued on Tuesday, November 19th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings per share of $0.83 for the quarter, down from their previous forecast of $0.86. Raymond James has a “Outperform” rating and a $66.00 price target on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.12 per share. Raymond James also issued estimates for Newmont’s Q3 2025 earnings at $0.83 EPS and FY2025 earnings at $3.39 EPS.

Newmont (NYSE:NEM) last released its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.05). Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The firm had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.67 billion. During the same period last year, the business earned $0.36 earnings per share. The business’s revenue was up 84.7% on a year-over-year basis.

A number of other research analysts have also commented on the company. UBS Group lowered Newmont from a “buy” rating to a “neutral” rating and cut their price target for the stock from $67.00 to $54.00 in a report on Wednesday, October 30th. CIBC lowered Newmont from a “sector outperform” rating to a “neutral” rating in a research note on Monday, October 28th. Veritas raised shares of Newmont to a “strong-buy” rating in a report on Monday, September 30th. Bernstein Bank upped their price target on shares of Newmont from $55.00 to $58.00 in a research report on Monday, November 11th. Finally, Royal Bank of Canada lowered their target price on Newmont from $54.00 to $53.00 and set a “sector perform” rating for the company in a research note on Thursday, October 24th. Eight analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $54.85.

Newmont Trading Up 0.1 %

NYSE:NEM opened at $43.37 on Friday. The company has a market capitalization of $49.37 billion, a P/E ratio of -28.53, a P/E/G ratio of 0.36 and a beta of 0.51. Newmont has a 52 week low of $29.42 and a 52 week high of $58.72. The stock’s 50 day moving average price is $50.23 and its 200 day moving average price is $47.42. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend is Wednesday, November 27th. Newmont’s dividend payout ratio (DPR) is -65.79%.

Insider Activity

In related news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $53.81, for a total transaction of $161,430.00. Following the sale, the executive vice president now directly owns 91,596 shares in the company, valued at approximately $4,928,780.76. This represents a 3.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Thomas Ronald Palmer sold 20,000 shares of Newmont stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $53.81, for a total value of $1,076,200.00. Following the sale, the chief executive officer now directly owns 271,469 shares of the company’s stock, valued at $14,607,746.89. This represents a 6.86 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,000 shares of company stock worth $2,444,440 over the last 90 days. 0.06% of the stock is currently owned by corporate insiders.

Institutional Trading of Newmont

Several large investors have recently added to or reduced their stakes in the stock. Van ECK Associates Corp grew its stake in shares of Newmont by 2.6% in the 2nd quarter. Van ECK Associates Corp now owns 50,918,066 shares of the basic materials company’s stock worth $2,131,939,000 after buying an additional 1,289,084 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Newmont by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 23,484,382 shares of the basic materials company’s stock worth $1,253,457,000 after purchasing an additional 326,243 shares in the last quarter. Legal & General Group Plc grew its stake in shares of Newmont by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 8,071,845 shares of the basic materials company’s stock valued at $337,909,000 after acquiring an additional 109,084 shares during the period. FMR LLC lifted its stake in shares of Newmont by 21.1% during the 3rd quarter. FMR LLC now owns 7,052,439 shares of the basic materials company’s stock valued at $376,953,000 after buying an additional 1,226,697 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Newmont by 8.6% during the second quarter. Dimensional Fund Advisors LP now owns 6,912,922 shares of the basic materials company’s stock worth $289,445,000 after purchasing an additional 545,903 shares in the last quarter. Institutional investors own 68.85% of the company’s stock.

About Newmont

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.