Scotiabank Has Negative Estimate for Newmont FY2025 Earnings

Newmont Co. (NYSE:NEM) – Equities research analysts at Scotiabank decreased their FY2025 earnings per share (EPS) estimates for Newmont in a note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings of $2.86 per share for the year, down from their previous forecast of $3.37. Scotiabank currently has a “Sector Perform” rating and a $50.00 price target on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.45 per share. Scotiabank also issued estimates for Newmont’s FY2026 earnings at $2.58 EPS.

Newmont (NYSE:NEM) last announced its earnings results on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.29. Newmont had a net margin of 17.92% and a return on equity of 13.52%. The business had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.32 billion.

NEM has been the topic of a number of other reports. TD Securities lowered their price objective on Newmont from $46.00 to $45.00 and set a “hold” rating on the stock in a research report on Wednesday, February 26th. StockNews.com raised shares of Newmont from a “hold” rating to a “buy” rating in a research note on Monday, February 24th. CLSA assumed coverage on shares of Newmont in a report on Friday, November 29th. They issued an “underperform” rating for the company. Royal Bank of Canada raised their price target on Newmont from $47.00 to $52.00 and gave the company a “sector perform” rating in a report on Tuesday, February 11th. Finally, Raymond James lowered their price objective on Newmont from $62.00 to $59.00 and set an “outperform” rating on the stock in a research report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $53.16.

Newmont Price Performance

NYSE NEM opened at $46.81 on Monday. The business’s fifty day moving average is $44.25 and its 200 day moving average is $45.50. Newmont has a fifty-two week low of $33.86 and a fifty-two week high of $58.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.96. The company has a market capitalization of $52.76 billion, a PE ratio of 15.97, a price-to-earnings-growth ratio of 0.41 and a beta of 0.54.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in NEM. HighPoint Advisor Group LLC boosted its position in Newmont by 3.8% during the fourth quarter. HighPoint Advisor Group LLC now owns 5,992 shares of the basic materials company’s stock valued at $223,000 after purchasing an additional 219 shares in the last quarter. Confluence Investment Management LLC boosted its holdings in shares of Newmont by 2.4% in the 4th quarter. Confluence Investment Management LLC now owns 11,788 shares of the basic materials company’s stock valued at $439,000 after buying an additional 281 shares in the last quarter. Keel Point LLC raised its stake in shares of Newmont by 2.0% during the 4th quarter. Keel Point LLC now owns 14,774 shares of the basic materials company’s stock worth $550,000 after acquiring an additional 287 shares in the last quarter. Howard Capital Management Inc. lifted its position in Newmont by 5.4% during the fourth quarter. Howard Capital Management Inc. now owns 5,653 shares of the basic materials company’s stock valued at $210,000 after acquiring an additional 292 shares during the last quarter. Finally, Intact Investment Management Inc. boosted its stake in Newmont by 21.4% in the fourth quarter. Intact Investment Management Inc. now owns 1,700 shares of the basic materials company’s stock valued at $63,000 after acquiring an additional 300 shares in 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 other news, EVP Peter Toth sold 3,000 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $120,000.00. Following the transaction, the executive vice president now owns 82,596 shares in the company, valued at approximately $3,303,840. This trade represents a 3.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total transaction of $83,080.00. Following the transaction, the director now owns 52,070 shares in the company, valued at approximately $2,082,800. The trade was a 3.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 33,231 shares of company stock worth $1,388,758 over the last quarter. Insiders own 0.06% of the company’s stock.

Newmont Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Tuesday, March 4th. Newmont’s dividend payout ratio is currently 34.13%.

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.