FY2025 EPS Estimates for Newmont Increased by Stifel Canada

Newmont Corporation (NYSE:NEM) – Research analysts at Stifel Canada raised their FY2025 earnings estimates for shares of Newmont in a research note issued on Thursday, October 23rd. Stifel Canada analyst R. Profiti now forecasts that the basic materials company will post earnings per share of $6.93 for the year, up from their prior forecast of $6.80. Stifel Canada 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 $7.41 EPS and FY2027 earnings at $8.59 EPS.

Newmont (NYSE:NEM) last issued its earnings results on Thursday, October 23rd. The basic materials company reported $1.71 EPS for the quarter, topping analysts’ consensus estimates of $1.27 by $0.44. The company had revenue of $5.52 billion for the quarter, compared to analysts’ expectations of $5.14 billion. Newmont had a net margin of 33.42% and a return on equity of 20.35%. The firm’s revenue was up 20.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.81 EPS.

A number of other equities analysts have also recently commented on the stock. BNP Paribas cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Thursday, September 4th. Raymond James Financial set a $99.00 price objective on shares of Newmont and gave the company an “outperform” rating in a research report on Friday. Scotiabank upgraded shares of Newmont from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $71.50 to $114.00 in a research report on Thursday, October 23rd. Zacks Research upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 20th. Finally, BNP Paribas Exane boosted their price objective on shares of Newmont from $66.00 to $92.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Five investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $86.92.

Newmont Price Performance

Shares of NYSE:NEM opened at $78.38 on Monday. The stock has a market cap of $86.09 billion, a PE ratio of 12.17, a PEG ratio of 0.56 and a beta of 0.34. The company’s fifty day moving average is $81.35 and its 200 day moving average is $65.88. Newmont has a 52 week low of $36.86 and a 52 week high of $98.58. The company has a quick ratio of 1.74, a current ratio of 2.04 and a debt-to-equity ratio of 0.17.

Newmont Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Wednesday, November 26th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 26th. This represents a $1.00 annualized dividend and a dividend yield of 1.3%. Newmont’s payout ratio is currently 15.53%.

Insider Activity at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $63.66, for a total transaction of $190,980.00. Following the transaction, the executive vice president owned 58,736 shares in the company, valued at $3,739,133.76. The trade was a 4.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Brian Tabolt sold 7,015 shares of the business’s stock in a transaction dated Wednesday, August 6th. The shares were sold at an average price of $68.02, for a total transaction of $477,160.30. Following the transaction, the chief accounting officer owned 32,615 shares in the company, valued at $2,218,472.30. This represents a 17.70% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,249 shares of company stock worth $1,132,065 over the last 90 days. 0.05% of the stock is owned by company insiders.

Hedge Funds Weigh In On Newmont

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stephens Inc. AR increased its position in shares of Newmont by 27.1% during the third quarter. Stephens Inc. AR now owns 227,329 shares of the basic materials company’s stock valued at $19,166,000 after buying an additional 48,491 shares during the period. WealthPLAN Partners LLC purchased a new stake in Newmont in the third quarter worth about $219,000. Plan Group Financial LLC purchased a new stake in Newmont in the third quarter worth about $596,000. Exencial Wealth Advisors LLC purchased a new stake in Newmont in the third quarter worth about $278,000. Finally, Concurrent Investment Advisors LLC grew its holdings in Newmont by 2.7% in the third quarter. Concurrent Investment Advisors LLC now owns 12,727 shares of the basic materials company’s stock worth $1,073,000 after purchasing an additional 334 shares during the period. 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.