Raymond James Forecasts Newmont’s Q3 Earnings (NYSE:NEM)

Newmont Co. (NYSE:NEM) – Raymond James lowered their Q3 2025 EPS estimates for Newmont in a research report issued on Sunday, October 27th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will earn $0.88 per share for the quarter, down from their previous forecast of $0.95. Raymond James currently has a “Outperform” rating and a $66.00 target price on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.13 per share. Raymond James also issued estimates for Newmont’s FY2025 earnings at $3.53 EPS.

A number of other equities research analysts also recently commented on NEM. Veritas raised Newmont to a “strong-buy” rating in a report on Monday, September 30th. JPMorgan Chase & Co. lowered shares of Newmont from an “overweight” rating to a “neutral” rating in a research note on Monday, July 8th. Argus upgraded shares of Newmont from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Thursday, August 29th. CIBC lowered shares of Newmont from a “sector outperform” rating to a “neutral” rating in a report on Monday. Finally, Scotiabank lowered Newmont from a “sector outperform” rating to a “sector perform” rating and reduced their price objective for the company from $59.00 to $55.00 in a research note on Friday, October 25th. Nine analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.85.

Newmont Stock Performance

Shares of NEM stock opened at $45.45 on Wednesday. The business has a fifty day moving average of $53.04 and a 200 day moving average of $47.05. Newmont has a 1 year low of $29.42 and a 1 year high of $58.72. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The firm has a market capitalization of $51.74 billion, a price-to-earnings ratio of -29.90, a price-to-earnings-growth ratio of 0.40 and a beta of 0.50.

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

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Wednesday, November 27th. Newmont’s payout ratio is -65.79%.

Insider Activity

In related news, CEO Thomas Ronald Palmer sold 20,000 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total value of $1,049,400.00. Following the completion of the sale, the chief executive officer now owns 291,469 shares of the company’s stock, valued at approximately $15,293,378.43. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total value of $161,430.00. Following the transaction, the executive vice president now owns 91,596 shares in the company, valued at $4,928,780.76. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Thomas Ronald Palmer sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $52.47, for a total value of $1,049,400.00. Following the sale, the chief executive officer now owns 291,469 shares of the company’s stock, valued at $15,293,378.43. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 46,000 shares of company stock worth $2,444,440 in the last quarter. Corporate insiders own 0.06% of the company’s stock.

Institutional Investors Weigh In On Newmont

A number of large investors have recently modified their holdings of the business. Bessemer Group Inc. boosted its position in Newmont by 7.5% during the first quarter. Bessemer Group Inc. now owns 7,539 shares of the basic materials company’s stock worth $271,000 after acquiring an additional 529 shares during the last quarter. Herr Investment Group LLC acquired a new position in shares of Newmont during the 2nd quarter worth approximately $419,000. Truist Financial Corp grew its position in shares of Newmont by 8.1% in the second quarter. Truist Financial Corp now owns 150,352 shares of the basic materials company’s stock valued at $6,295,000 after purchasing an additional 11,276 shares in the last quarter. Cetera Trust Company N.A acquired a new stake in shares of Newmont in the third quarter valued at approximately $705,000. Finally, Primoris Wealth Advisors LLC purchased a new position in Newmont during the second quarter worth approximately $607,000. Hedge funds and other institutional investors 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.