National Bank Financial Predicts Newmont FY2025 Earnings

Newmont Corporation (NYSE:NEM) – Equities research analysts at National Bank Financial increased their FY2025 earnings estimates for Newmont in a note issued to investors on Tuesday, July 15th. National Bank Financial analyst S. Nagle now anticipates that the basic materials company will post earnings per share of $5.20 for the year, up from their previous forecast of $4.56. National Bank Financial has a “Hold” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.45 per share. National Bank Financial also issued estimates for Newmont’s FY2026 earnings at $6.49 EPS.

Newmont (NYSE:NEM) last announced its earnings results on Wednesday, April 23rd. The basic materials company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.54. The firm had revenue of $5.01 billion during the quarter, compared to analysts’ expectations of $4.82 billion. Newmont had a return on equity of 15.75% and a net margin of 25.77%. During the same quarter in the previous year, the business earned $0.55 EPS.

A number of other research firms have also recently issued reports on NEM. BMO Capital Markets restated an “outperform” rating on shares of Newmont in a report on Thursday, April 24th. Raymond James Financial restated an “outperform” rating and set a $66.00 price objective on shares of Newmont in a report on Friday, April 25th. CIBC set a $74.00 price objective on Newmont and gave the company a “neutral” rating in a report on Tuesday. UBS Group lifted their target price on Newmont from $60.00 to $68.00 and gave the company a “buy” rating in a research report on Thursday, July 3rd. Finally, Stifel Canada raised Newmont to a “strong-buy” rating in a research report on Tuesday, July 8th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.49.

Newmont Price Performance

NEM opened at $58.22 on Friday. The business has a fifty day moving average of $55.83 and a 200 day moving average of $49.63. Newmont has a 52-week low of $36.86 and a 52-week high of $61.17. The company has a quick ratio of 1.70, a current ratio of 1.98 and a debt-to-equity ratio of 0.25. The stock has a market cap of $64.80 billion, a P/E ratio of 13.05, a PEG ratio of 0.64 and a beta of 0.33.

Institutional Trading of Newmont

A number of hedge funds have recently modified their holdings of NEM. Brighton Jones LLC boosted its stake in shares of Newmont by 15.7% in the fourth quarter. Brighton Jones LLC now owns 13,606 shares of the basic materials company’s stock worth $506,000 after buying an additional 1,847 shares during the last quarter. Harbour Investments Inc. raised its holdings in Newmont by 24.9% in the 4th quarter. Harbour Investments Inc. now owns 3,827 shares of the basic materials company’s stock worth $142,000 after purchasing an additional 764 shares during the period. Advisors Asset Management Inc. raised its holdings in Newmont by 23.3% in the 4th quarter. Advisors Asset Management Inc. now owns 72,300 shares of the basic materials company’s stock worth $2,691,000 after purchasing an additional 13,645 shares during the period. Horizon Investments LLC raised its holdings in Newmont by 1.6% in the 4th quarter. Horizon Investments LLC now owns 19,885 shares of the basic materials company’s stock worth $740,000 after purchasing an additional 317 shares during the period. Finally, Xponance Inc. raised its holdings in Newmont by 0.6% in the 4th quarter. Xponance Inc. now owns 166,085 shares of the basic materials company’s stock worth $6,182,000 after purchasing an additional 1,001 shares during the period. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Activity

In other Newmont news, Director Bruce R. Brook sold 2,077 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $58.75, for a total transaction of $122,023.75. Following the sale, the director owned 43,103 shares in the company, valued at approximately $2,532,301.25. The trade was a 4.60% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $54.09, for a total value of $162,270.00. Following the sale, the executive vice president owned 77,526 shares in the company, valued at approximately $4,193,381.34. The trade was a 3.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,231 shares of company stock worth $679,813 over the last ninety days. 0.05% of the stock is currently owned by corporate insiders.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 20th. Investors of record on Tuesday, May 27th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend was Tuesday, May 27th. Newmont’s dividend payout ratio is currently 22.42%.

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.