Raymond James Has Pessimistic View of Newmont Q3 Earnings

Newmont Co. (NYSE:NEM) – Raymond James lowered their Q3 2025 earnings per share estimates for Newmont in a research report issued on Sunday, October 27th. Raymond James analyst B. Macarthur now forecasts that the basic materials company will post earnings of $0.88 per share for the quarter, down from their previous estimate of $0.95. Raymond James has a “Outperform” rating and a $66.00 price objective on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.13 per share. Raymond James also issued estimates for Newmont’s FY2025 earnings at $3.53 EPS.

Newmont (NYSE:NEM) last released its earnings results on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.05). Newmont had a positive return on equity of 9.80% and a negative net margin of 7.03%. The firm had revenue of $4.61 billion during the quarter, compared to analysts’ expectations of $4.67 billion. During the same period in the prior year, the company posted $0.36 earnings per share. The company’s revenue was up 84.7% compared to the same quarter last year.

A number of other equities research analysts have also issued reports on NEM. UBS Group lowered Newmont from a “buy” rating to a “neutral” rating and cut their price target for the stock from $67.00 to $54.00 in a research note on Wednesday. Argus upgraded Newmont from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research report on Thursday, August 29th. CIBC cut Newmont from a “sector outperform” rating to a “neutral” rating in a report on Monday. Jefferies Financial Group increased their price objective on shares of Newmont from $54.00 to $63.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Cibc World Mkts downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday. Nine analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Newmont presently has a consensus rating of “Moderate Buy” and a consensus price target of $53.85.

Newmont Stock Performance

Shares of NYSE NEM opened at $46.94 on Wednesday. The stock has a market cap of $53.44 billion, a PE ratio of -30.88, a price-to-earnings-growth ratio of 0.40 and a beta of 0.50. Newmont has a 1 year low of $29.42 and a 1 year high of $58.72. The firm has a fifty day moving average price of $53.16 and a 200-day moving average price of $47.06. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of Newmont by 13.8% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 139,631 shares of the basic materials company’s stock worth $5,004,000 after acquiring an additional 16,902 shares during the period. Norden Group LLC purchased a new position in Newmont during the 1st quarter worth $1,431,000. Financial Sense Advisors Inc. raised its position in Newmont by 219.7% during the 1st quarter. Financial Sense Advisors Inc. now owns 133,096 shares of the basic materials company’s stock valued at $4,770,000 after purchasing an additional 91,462 shares in the last quarter. First Trust Direct Indexing L.P. lifted its holdings in shares of Newmont by 4.9% in the 1st quarter. First Trust Direct Indexing L.P. now owns 19,468 shares of the basic materials company’s stock worth $698,000 after buying an additional 902 shares during the period. Finally, Uncommon Cents Investing LLC grew its position in shares of Newmont by 4.4% during the 1st quarter. Uncommon Cents Investing LLC now owns 15,845 shares of the basic materials company’s stock worth $568,000 after buying an additional 670 shares in the last quarter. 68.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Newmont

In other news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total value of $157,410.00. Following the completion of the sale, the executive vice president now owns 94,596 shares in the company, valued at approximately $4,963,452.12. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Peter Toth sold 3,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $52.47, for a total value of $157,410.00. Following the sale, the executive vice president now directly owns 94,596 shares in the company, valued at approximately $4,963,452.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas Ronald Palmer sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $53.81, for a total value of $1,076,200.00. Following the transaction, the chief executive officer now owns 271,469 shares of the company’s stock, valued at approximately $14,607,746.89. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,000 shares of company stock worth $2,444,440 over the last ninety days. Company insiders own 0.06% of the company’s stock.

Newmont Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.25 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.00 annualized dividend and a yield of 2.13%. Newmont’s payout ratio is currently -65.79%.

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.