Raymond James Issues Positive Outlook for Newmont Earnings

Newmont Co. (NYSE:NEMFree Report) – Investment analysts at Raymond James increased their Q1 2025 EPS estimates for Newmont in a research note issued to investors on Monday, January 27th. Raymond James analyst B. Macarthur now expects that the basic materials company will post earnings per share of $0.80 for the quarter, up from their previous estimate of $0.76. Raymond James currently has a “Outperform” rating and a $59.00 target price on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.07 per share. Raymond James also issued estimates for Newmont’s Q2 2025 earnings at $0.77 EPS and Q3 2025 earnings at $0.74 EPS.

Several other analysts have also commented on the company. The Goldman Sachs Group initiated coverage on Newmont in a report on Monday, January 13th. They issued a “buy” rating and a $47.20 price objective for the company. Cibc World Mkts downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Jefferies Financial Group raised their price objective on shares of Newmont from $54.00 to $63.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. JPMorgan Chase & Co. upgraded Newmont from a “neutral” rating to an “overweight” rating in a report on Tuesday, November 19th. Finally, Scotiabank cut their target price on Newmont from $52.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.44.

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Newmont Stock Up 0.4 %

NEM stock opened at $41.54 on Wednesday. Newmont has a twelve month low of $29.42 and a twelve month high of $58.72. The firm has a market cap of $47.29 billion, a PE ratio of -27.33, a price-to-earnings-growth ratio of 0.33 and a beta of 0.50. The business has a 50 day moving average of $40.30 and a 200 day moving average of $46.72. The company has a quick ratio of 1.73, a current ratio of 1.96 and a debt-to-equity ratio of 0.30.

Insider Buying and Selling at Newmont

In related news, EVP Peter Toth sold 3,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the completion of the transaction, the executive vice president now owns 82,596 shares of the company’s stock, valued at approximately $3,303,840. The trade was a 3.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Bruce R. Brook sold 2,077 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $40.00, for a total transaction of $83,080.00. Following the transaction, the director now directly owns 52,070 shares of the company’s stock, valued at $2,082,800. This represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 14,077 shares of company stock valued at $563,080. 0.06% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Avestar Capital LLC increased its position in Newmont by 6.5% in the fourth quarter. Avestar Capital LLC now owns 5,757 shares of the basic materials company’s stock worth $214,000 after purchasing an additional 352 shares during the period. Stanley Laman Group Ltd. lifted its holdings in shares of Newmont by 40.0% during the 4th quarter. Stanley Laman Group Ltd. now owns 7,000 shares of the basic materials company’s stock valued at $261,000 after purchasing an additional 2,000 shares in the last quarter. Van ECK Associates Corp increased its stake in Newmont by 1.6% during the 4th quarter. Van ECK Associates Corp now owns 49,747,598 shares of the basic materials company’s stock worth $1,851,606,000 after purchasing an additional 797,445 shares in the last quarter. Harvey Capital Management Inc. acquired a new stake in Newmont during the 4th quarter worth approximately $421,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in Newmont by 13.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 582,060 shares of the basic materials company’s stock worth $22,178,000 after purchasing an additional 69,271 shares during the period. 68.85% of the stock is owned by institutional investors and hedge funds.

Newmont Company Profile

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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.

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Earnings History and Estimates for Newmont (NYSE:NEM)

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