Research Analysts Set Expectations for Newmont Q3 Earnings

Newmont Corporation (NYSE:NEM) – Equities research analysts at Raymond James Financial boosted their Q3 2025 earnings estimates for Newmont in a note issued to investors on Thursday, October 9th. Raymond James Financial analyst B. Macarthur now anticipates that the basic materials company will post earnings of $1.30 per share for the quarter, up from their prior forecast of $1.18. The consensus estimate for Newmont’s current full-year earnings is $3.45 per share. Raymond James Financial also issued estimates for Newmont’s FY2025 earnings at $5.50 EPS.

Newmont (NYSE:NEM) last released its quarterly earnings data on Thursday, July 24th. The basic materials company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.48. Newmont had a net margin of 30.50% and a return on equity of 17.86%. The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $4.70 billion. During the same quarter last year, the company earned $0.72 earnings per share. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis.

A number of other analysts have also recently weighed in on the stock. Zacks Research cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 4th. BNP Paribas Exane raised their price objective on shares of Newmont from $66.00 to $92.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Stifel Canada raised shares of Newmont to a “strong-buy” rating in a report on Tuesday, July 8th. Weiss Ratings cut shares of Newmont from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, October 8th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Newmont in a report on Monday, September 22nd. Four equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.18.

Newmont Stock Up 1.2%

NEM stock opened at $90.51 on Monday. The company has a current ratio of 2.23, a quick ratio of 1.91 and a debt-to-equity ratio of 0.23. Newmont has a twelve month low of $36.86 and a twelve month high of $91.24. The company’s 50 day moving average is $77.71 and its two-hundred day moving average is $63.13. The stock has a market cap of $99.42 billion, a P/E ratio of 16.25, a PEG ratio of 0.99 and a beta of 0.34.

Newmont Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Thursday, September 4th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 4th. Newmont’s payout ratio is presently 17.95%.

Insider Activity

In other news, Director Bruce R. Brook sold 2,080 shares of Newmont stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $84.99, for a total value of $176,779.20. Following the transaction, the director directly owned 36,869 shares of the company’s stock, valued at $3,133,496.31. The trade was a 5.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Brian Tabolt sold 7,015 shares of Newmont stock in a transaction on Wednesday, August 6th. The shares were sold at an average price of $68.02, for a total transaction of $477,160.30. Following the completion of the transaction, the chief accounting officer owned 32,615 shares in the company, valued at approximately $2,218,472.30. This trade represents a 17.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,249 shares of company stock valued at $1,132,065 in the last ninety days. 0.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Newmont

Hedge funds and other institutional investors have recently bought and sold shares of the company. Knights of Columbus Asset Advisors LLC grew its position in Newmont by 59.6% in the 2nd quarter. Knights of Columbus Asset Advisors LLC now owns 15,653 shares of the basic materials company’s stock valued at $912,000 after buying an additional 5,848 shares during the last quarter. Generate Investment Management Ltd grew its position in Newmont by 25.9% in the 2nd quarter. Generate Investment Management Ltd now owns 378,975 shares of the basic materials company’s stock valued at $22,079,000 after buying an additional 77,865 shares during the last quarter. Bessemer Group Inc. grew its position in Newmont by 13.2% in the 1st quarter. Bessemer Group Inc. now owns 11,791 shares of the basic materials company’s stock valued at $569,000 after buying an additional 1,379 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in Newmont in the 1st quarter valued at $423,000. Finally, Spire Wealth Management boosted its position in shares of Newmont by 125.0% during the 1st quarter. Spire Wealth Management now owns 2,356 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 1,309 shares in the last quarter. 68.85% of the stock is currently owned by hedge funds and other institutional investors.

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.