What is Stifel Canada’s Forecast for Newmont Q3 Earnings?

Newmont Corporation (NYSE:NEM) – Equities research analysts at Stifel Canada upped their Q3 2025 earnings estimates for Newmont in a report issued on Monday, October 20th. Stifel Canada analyst R. Profiti now expects that the basic materials company will post earnings per share of $1.45 for the quarter, up from their previous estimate of $1.36. Stifel Canada currently 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 FY2025 earnings at $6.80 EPS.

Other equities analysts have also recently issued reports about the stock. Cibc World Mkts raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. National Bank Financial upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 25th. Zacks Research upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Monday. Bank of America lifted their price target on shares of Newmont from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, October 16th. Finally, Weiss Ratings lowered shares of Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.59.

Newmont Stock Performance

Shares of Newmont stock opened at $86.92 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.23 and a quick ratio of 1.91. The firm has a market cap of $95.48 billion, a P/E ratio of 15.61, a P/E/G ratio of 0.59 and a beta of 0.34. The firm has a 50 day simple moving average of $80.48 and a 200 day simple moving average of $64.85. Newmont has a fifty-two week low of $36.86 and a fifty-two week high of $98.58.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NEM. Knights of Columbus Asset Advisors LLC raised its holdings in shares of Newmont by 59.6% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 15,653 shares of the basic materials company’s stock worth $912,000 after acquiring an additional 5,848 shares during the last quarter. Generate Investment Management Ltd increased its stake in shares of Newmont by 25.9% in the second quarter. Generate Investment Management Ltd now owns 378,975 shares of the basic materials company’s stock worth $22,079,000 after purchasing an additional 77,865 shares in the last quarter. Bessemer Group Inc. grew its stake in Newmont by 13.2% during the first quarter. Bessemer Group Inc. now owns 11,791 shares of the basic materials company’s stock valued at $569,000 after acquiring an additional 1,379 shares in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in Newmont during the first quarter valued at approximately $423,000. Finally, Cypress Capital Group grew its stake in Newmont by 6.5% during the second quarter. Cypress Capital Group now owns 48,549 shares of the basic materials company’s stock valued at $2,828,000 after acquiring an additional 2,959 shares in the last quarter. 68.85% of the stock is owned by institutional investors.

Insider Transactions at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $63.66, for a total transaction of $190,980.00. Following the completion of the sale, the executive vice president owned 58,736 shares of the company’s stock, valued at approximately $3,739,133.76. This represents a 4.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Bruce R. Brook sold 2,080 shares of the company’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $84.99, for a total transaction of $176,779.20. Following the transaction, the director owned 36,869 shares of the company’s stock, valued at approximately $3,133,496.31. This represents a 5.34% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,249 shares of company stock valued at $1,132,065. Company insiders own 0.05% of the company’s stock.

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.