Raymond James Weighs in on Newmont’s Q1 Earnings (NYSE:NEM)

Newmont Co. (NYSE:NEM) – Analysts at Raymond James boosted their Q1 2025 EPS estimates for Newmont in a research note issued to investors on Monday, January 27th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will earn $0.80 per share for the quarter, up from their previous forecast of $0.76. Raymond James currently has a “Outperform” rating and a $59.00 target price on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.07 per share. Raymond James also issued estimates for Newmont’s Q2 2025 earnings at $0.77 EPS and Q3 2025 earnings at $0.74 EPS.

A number of other analysts have also issued reports on NEM. Jefferies Financial Group lifted their target price on Newmont from $54.00 to $63.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. The Goldman Sachs Group assumed coverage on Newmont in a research report on Monday, January 13th. They issued a “buy” rating and a $47.20 target price on the stock. CIBC lowered shares of Newmont from a “sector outperform” rating to a “neutral” rating in a research note on Monday, October 28th. UBS Group downgraded shares of Newmont from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $67.00 to $54.00 in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada dropped their target price on shares of Newmont from $54.00 to $53.00 and set a “sector perform” rating for the company in a research report on Thursday, October 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Newmont presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.44.

Newmont Price Performance

Shares of NEM stock opened at $43.11 on Wednesday. Newmont has a twelve month low of $29.42 and a twelve month high of $58.72. The company has a market capitalization of $49.08 billion, a PE ratio of -28.36, a price-to-earnings-growth ratio of 0.33 and a beta of 0.50. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The firm has a fifty day simple moving average of $40.27 and a 200-day simple moving average of $46.69.

Institutional Trading of Newmont

A number of institutional investors have recently made changes to their positions in the stock. Avior Wealth Management LLC raised its holdings in Newmont by 191.8% during the third quarter. Avior Wealth Management LLC now owns 496 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 326 shares in the last quarter. Hoese & Co LLP acquired a new position in shares of Newmont during the 3rd quarter valued at $27,000. Prospera Private Wealth LLC acquired a new position in shares of Newmont during the 3rd quarter valued at $28,000. Highline Wealth Partners LLC acquired a new stake in shares of Newmont in the third quarter valued at $32,000. Finally, McIlrath & Eck LLC boosted its stake in Newmont by 80.6% during the third quarter. McIlrath & Eck LLC now owns 809 shares of the basic materials company’s stock valued at $43,000 after buying an additional 361 shares in the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Newmont news, Director Harry M. Iv Conger bought 9,498 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of $42.15 per share, with a total value of $400,340.70. Following the purchase, the director now directly owns 14,498 shares of the company’s stock, valued at approximately $611,090.70. The trade was a 189.96 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $83,080.00. Following the completion of the transaction, the director now directly owns 52,070 shares of the company’s stock, valued at approximately $2,082,800. The trade was a 3.84 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,077 shares of company stock valued at $563,080. 0.06% of the stock is currently owned by company 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.