Raymond James Financial Predicts Newmont Q3 Earnings

Newmont Corporation (NYSE:NEM) – Stock analysts at Raymond James Financial raised their Q3 2025 EPS estimates for Newmont in a research report issued to clients and investors on Thursday, October 9th. Raymond James Financial analyst B. Macarthur now expects that the basic materials company will post earnings of $1.30 per share for the quarter, up from their prior forecast of $1.18. The consensus estimate for Newmont’s current full-year earnings is $3.45 per share. Raymond James Financial also issued estimates for Newmont’s FY2025 earnings at $5.50 EPS.

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

A number of other equities analysts also recently issued reports on the company. Stifel Canada raised Newmont to a “strong-buy” rating in a research report on Tuesday, July 8th. Macquarie downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 2nd. The Goldman Sachs Group set a $104.30 price target on Newmont and gave the stock a “buy” rating in a research report on Sunday. Weiss Ratings lowered shares of Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Finally, Cibc World Mkts raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Friday. Four analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $83.18.

Newmont Stock Performance

Shares of NEM stock opened at $89.36 on Monday. The business’s fifty day simple moving average is $77.25 and its 200-day simple moving average is $62.93. The company has a market cap of $98.16 billion, a PE ratio of 16.04, a PEG ratio of 0.94 and a beta of 0.34. The company has a current ratio of 2.23, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23. Newmont has a 12-month low of $36.86 and a 12-month high of $89.42.

Newmont Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Thursday, September 4th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 4th. Newmont’s dividend payout ratio (DPR) is currently 17.95%.

Insiders Place Their Bets

In other Newmont news, EVP Peter Toth sold 3,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $63.66, for a total transaction of $190,980.00. Following the sale, the executive vice president directly owned 58,736 shares of the company’s stock, valued at approximately $3,739,133.76. This trade represents a 4.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Brian Tabolt sold 7,015 shares of the stock in a transaction dated Wednesday, August 6th. The stock was sold at an average price of $68.02, for a total value of $477,160.30. Following the sale, the chief accounting officer directly owned 32,615 shares in the company, valued at $2,218,472.30. This represents a 17.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 16,249 shares of company stock valued at $1,132,065. Company insiders own 0.05% of the company’s stock.

Institutional Investors Weigh In On Newmont

Hedge funds have recently modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in shares of Newmont during the 1st quarter worth about $26,000. Colonial Trust Advisors boosted its stake in shares of Newmont by 315.4% during the 1st quarter. Colonial Trust Advisors now owns 565 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 429 shares in the last quarter. Concord Wealth Partners boosted its stake in shares of Newmont by 534.7% during the 2nd quarter. Concord Wealth Partners now owns 457 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 385 shares in the last quarter. Evermay Wealth Management LLC boosted its stake in shares of Newmont by 408.2% during the 2nd quarter. Evermay Wealth Management LLC now owns 498 shares of the basic materials company’s stock worth $29,000 after acquiring an additional 400 shares in the last quarter. Finally, Private Trust Co. NA boosted its stake in shares of Newmont by 122.6% during the 1st quarter. Private Trust Co. NA now owns 630 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 347 shares in the last quarter. 68.85% of the stock is owned by hedge funds and other institutional investors.

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.