Raymond James Weighs in on Newmont’s Q2 Earnings (NYSE:NEM)

Newmont Co. (NYSE:NEM) – Analysts at Raymond James lowered their Q2 2025 earnings per share (EPS) estimates for shares of Newmont in a note issued to investors on Tuesday, November 19th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings of $0.83 per share for the quarter, down from their prior estimate of $0.86. 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 $3.12 per share. Raymond James also issued estimates for Newmont’s Q3 2025 earnings at $0.83 EPS and FY2025 earnings at $3.39 EPS.

A number of other research analysts also recently weighed in on the company. Argus raised Newmont from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a report on Thursday, August 29th. Veritas upgraded shares of Newmont to a “strong-buy” rating in a research note on Monday, September 30th. Bernstein Bank boosted their target price on shares of Newmont from $55.00 to $58.00 in a research report on Monday, November 11th. Scotiabank downgraded shares of Newmont from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $59.00 to $55.00 in a research report on Friday, October 25th. Finally, Royal Bank of Canada dropped their price target on shares of Newmont from $54.00 to $53.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 24th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $54.85.

Newmont Price Performance

NYSE NEM opened at $43.38 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.96 and a quick ratio of 1.73. Newmont has a 1-year low of $29.42 and a 1-year high of $58.72. The stock has a market capitalization of $49.39 billion, a price-to-earnings ratio of -28.54, a PEG ratio of 0.37 and a beta of 0.51. The business’s fifty day moving average price is $50.23 and its 200-day moving average price is $47.47.

Newmont (NYSE:NEM) last issued 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 negative net margin of 7.03% and a positive return on equity of 9.80%. The company had revenue of $4.61 billion for the quarter, compared to the consensus estimate of $4.67 billion. During the same quarter last year, the company earned $0.36 EPS. The firm’s revenue for the quarter was up 84.7% on a year-over-year basis.

Institutional Trading of Newmont

Hedge funds have recently made changes to their positions in the business. Waverton Investment Management Ltd raised its position in Newmont by 14.0% during the third quarter. Waverton Investment Management Ltd now owns 531,041 shares of the basic materials company’s stock valued at $28,379,000 after purchasing an additional 65,075 shares during the period. Red Cedar Investment Management LLC purchased a new stake in Newmont during the 3rd quarter valued at $1,263,000. Bessemer Group Inc. lifted its position in Newmont by 7.5% in the first 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 last quarter. Herr Investment Group LLC purchased a new position in Newmont during the second quarter worth $419,000. Finally, Truist Financial Corp increased its position in 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 during the last quarter. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Newmont

In related news, 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 sale, the chief executive officer now owns 271,469 shares in the company, valued at approximately $14,607,746.89. The trade was a 6.86 % decrease in their ownership of the stock. 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 stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $52.47, for a total transaction of $157,410.00. Following the transaction, the executive vice president now owns 94,596 shares of the company’s stock, valued at $4,963,452.12. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,000 shares of company stock worth $2,444,440. Insiders own 0.06% of the company’s stock.

Newmont Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, November 27th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.00 annualized dividend and a yield of 2.31%. Newmont’s payout ratio is -65.79%.

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.