Raymond James Brokers Boost Earnings Estimates for Newmont

Newmont Co. (NYSE:NEM) – Research analysts at Raymond James boosted their Q3 2025 EPS estimates for shares of Newmont in a research report issued on Monday, December 9th. Raymond James analyst B. Macarthur now expects that the basic materials company will earn $0.79 per share for the quarter, up from their previous forecast of $0.78. Raymond James has a “Outperform” rating and a $59.00 price objective on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.08 per share.

NEM has been the subject of a number of other reports. CIBC cut Newmont from a “sector outperform” rating to a “neutral” rating in a report on Monday, October 28th. Argus upgraded shares of Newmont from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Thursday, August 29th. Jefferies Financial Group increased their target price on shares of Newmont from $54.00 to $63.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Bernstein Bank boosted their price target on shares of Newmont from $55.00 to $58.00 in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. upgraded Newmont from a “neutral” rating to an “overweight” rating in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Newmont has a consensus rating of “Moderate Buy” and a consensus price target of $54.31.

Newmont Price Performance

NEM stock opened at $41.56 on Thursday. Newmont has a 1 year low of $29.42 and a 1 year high of $58.72. The firm has a market capitalization of $47.31 billion, a PE ratio of -27.50, a price-to-earnings-growth ratio of 0.35 and a beta of 0.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. The business has a 50 day simple moving average of $46.99 and a 200-day simple moving average of $47.37.

Newmont (NYSE:NEM) last posted its quarterly earnings data on Wednesday, October 23rd. The basic materials company reported $0.81 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $4.61 billion for the quarter, compared to analyst estimates of $4.67 billion. During the same quarter in the prior year, the company posted $0.36 earnings per share. The business’s revenue was up 84.7% on a year-over-year basis.

Institutional Trading of Newmont

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC increased its stake in shares of Newmont by 29.1% in the second quarter. Sequoia Financial Advisors LLC now owns 9,884 shares of the basic materials company’s stock worth $414,000 after acquiring an additional 2,227 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Newmont by 1.5% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 141,722 shares of the basic materials company’s stock worth $5,934,000 after acquiring an additional 2,091 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of Newmont during the 2nd quarter worth $974,000. 180 Wealth Advisors LLC raised its holdings in shares of Newmont by 29.3% during the 2nd quarter. 180 Wealth Advisors LLC now owns 7,473 shares of the basic materials company’s stock valued at $313,000 after purchasing an additional 1,694 shares in the last quarter. Finally, Welch Group LLC bought a new stake in Newmont in the second quarter worth $361,000. 68.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Newmont

In other news, CEO Thomas Ronald Palmer sold 20,000 shares of Newmont stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 271,469 shares of the company’s stock, valued at approximately $14,607,746.89. The trade was a 6.86 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Peter Toth sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $53.81, for a total value of $161,430.00. Following the transaction, the executive vice president now directly owns 91,596 shares of the company’s stock, valued at $4,928,780.76. This trade represents a 3.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.06% of the stock is currently owned by company insiders.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Wednesday, November 27th. Newmont’s payout ratio is -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.