Q1 Earnings Forecast for Newmont Issued By Raymond James

Newmont Co. (NYSE:NEM) – Raymond James raised their Q1 2025 earnings per share (EPS) estimates for shares of Newmont in a note issued to investors on Monday, January 27th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $0.80 for the quarter, up from their prior 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.

NEM has been the topic of a number of other reports. Jefferies Financial Group raised their price target on shares of Newmont from $54.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, October 4th. The Goldman Sachs Group began coverage on Newmont in a research note on Monday, January 13th. They issued a “buy” rating and a $47.20 price target on the stock. UBS Group cut Newmont from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $67.00 to $54.00 in a research report on Wednesday, October 30th. Cibc World Mkts cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, CLSA initiated coverage on shares of Newmont in a research report on Friday, November 29th. They issued an “underperform” rating for the company. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and an average price target of $53.44.

Newmont Stock Down 0.5 %

NEM opened at $41.36 on Wednesday. The firm’s fifty day simple moving average is $40.34 and its two-hundred day simple moving average is $46.77. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30. Newmont has a 52-week low of $29.42 and a 52-week high of $58.72.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Waverton Investment Management Ltd increased its position in shares of Newmont by 14.0% during the third quarter. Waverton Investment Management Ltd now owns 531,041 shares of the basic materials company’s stock worth $28,379,000 after acquiring an additional 65,075 shares during the period. Sanctuary Advisors LLC grew its stake in Newmont by 117.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 34,686 shares of the basic materials company’s stock worth $1,854,000 after purchasing an additional 18,722 shares in the last quarter. Nordea Investment Management AB increased its holdings in Newmont by 173.0% during the 4th quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company’s stock worth $92,832,000 after purchasing an additional 1,578,545 shares during the period. Assenagon Asset Management S.A. raised its position in Newmont by 57.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 2,379,901 shares of the basic materials company’s stock valued at $88,580,000 after purchasing an additional 865,213 shares in the last quarter. Finally, Red Cedar Investment Management LLC purchased a new position in shares of Newmont in the 3rd quarter valued at about $1,263,000. Institutional investors and hedge funds own 68.85% of the company’s stock.

Insiders Place Their Bets

In related news, COO Natascha Viljoen sold 9,000 shares of the business’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $360,000.00. Following the sale, the chief operating officer now owns 145,967 shares in the company, valued at approximately $5,838,680. The trade was a 5.81 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of Newmont stock in a transaction dated Friday, January 10th. The shares were 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. This represents a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 14,077 shares of company stock valued at $563,080 over the last 90 days. 0.06% of the stock is owned by company insiders.

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.