Zacks Research Weighs in on Newmont’s Q1 Earnings (NYSE:NEM)

Newmont Co. (NYSE:NEM) – Equities research analysts at Zacks Research boosted their Q1 2025 earnings per share estimates for shares of Newmont in a report released on Friday, October 18th. Zacks Research analyst A. Barman now anticipates that the basic materials company will post earnings per share of $0.65 for the quarter, up from their prior estimate of $0.55. The consensus estimate for Newmont’s current full-year earnings is $3.10 per share. Zacks Research also issued estimates for Newmont’s Q2 2026 earnings at $0.87 EPS.

Other analysts have also recently issued reports about the stock. Veritas raised shares of Newmont to a “strong-buy” rating in a research note on Monday, September 30th. CIBC raised Newmont from a “neutral” rating to a “sector outperform” rating and raised their price target for the company from $46.00 to $61.00 in a report on Wednesday, July 10th. UBS Group upped their price objective on Newmont from $65.00 to $67.00 and gave the stock a “buy” rating in a research note on Tuesday, October 15th. Jefferies Financial Group lifted their target price on Newmont from $54.00 to $63.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Finally, Argus raised Newmont from a “hold” rating to a “buy” rating and set a $58.00 price target on the stock in a report on Thursday, August 29th. Five research analysts have rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Newmont currently has an average rating of “Moderate Buy” and a consensus price target of $53.46.

Newmont Price Performance

NYSE NEM opened at $57.62 on Monday. The company has a current ratio of 2.11, a quick ratio of 1.85 and a debt-to-equity ratio of 0.31. Newmont has a 12 month low of $29.42 and a 12 month high of $57.96. The stock has a market cap of $66.44 billion, a price-to-earnings ratio of -21.58, a PEG ratio of 0.43 and a beta of 0.50. The company’s 50 day moving average is $52.88 and its two-hundred day moving average is $46.39.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Wednesday, July 24th. The basic materials company reported $0.72 EPS for the quarter, topping the consensus estimate of $0.62 by $0.10. The firm had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.13 billion. Newmont had a positive return on equity of 8.35% and a negative net margin of 13.16%. The business’s revenue for the quarter was up 64.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.33 earnings per share.

Institutional Trading of Newmont

A number of hedge funds and other institutional investors have recently bought and sold shares of NEM. Bessemer Group Inc. increased its stake in Newmont by 7.5% in the 1st quarter. Bessemer Group Inc. now owns 7,539 shares of the basic materials company’s stock worth $271,000 after buying an additional 529 shares during the period. Herr Investment Group LLC purchased a new position in shares of Newmont during the second quarter worth approximately $419,000. Truist Financial Corp raised its stake in shares of Newmont by 8.1% during the second quarter. Truist Financial Corp now owns 150,352 shares of the basic materials company’s stock valued at $6,295,000 after acquiring an additional 11,276 shares in the last quarter. Primoris Wealth Advisors LLC purchased a new stake in shares of Newmont in the second quarter valued at approximately $607,000. Finally, Forsta AP Fonden grew its stake in Newmont by 9.6% in the first quarter. Forsta AP Fonden now owns 252,100 shares of the basic materials company’s stock worth $9,035,000 after purchasing an additional 22,100 shares in the last quarter. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Insider Activity at Newmont

In other Newmont news, CEO Thomas Ronald Palmer sold 20,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $49.51, for a total transaction of $990,200.00. Following the sale, the chief executive officer now directly owns 311,469 shares of the company’s stock, valued at $15,420,830.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Thomas Ronald Palmer sold 20,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $49.51, for a total transaction of $990,200.00. Following the transaction, the chief executive officer now directly owns 311,469 shares in the company, valued at approximately $15,420,830.19. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $53.81, for a total transaction of $161,430.00. Following the completion of the sale, the executive vice president now directly owns 91,596 shares of the company’s stock, valued at approximately $4,928,780.76. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,000 shares of company stock valued at $3,434,640. Insiders own 0.06% of the company’s stock.

Newmont Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.74%. The ex-dividend date was Thursday, September 5th. Newmont’s dividend payout ratio is -37.45%.

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.