What is Zacks Research's Estimate for Newmont Q1 Earnings?
Zacks Research has revised its Q1 2025 earnings estimate for Newmont Co. (NYSE:NEM) down to $0.66 per share from $0.71. The consensus estimate for the full year is $3.45 per share. Newmont's recent quarterly earnings were $1.40 per share, exceeding expectations. The company also declared a quarterly dividend of $0.25, with a yield of 2.36%. Recent insider transactions included sales by EVP Peter Toth and Director Bruce R. Brook. Institutional investors have also adjusted their holdings in Newmont recently.
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Newmont Co. (NYSE:NEM - Free Report) - Investment analysts at Zacks Research dropped their Q1 2025 earnings estimates for shares of Newmont in a report released on Wednesday, March 5th. Zacks Research analyst A. Barman now expects that the basic materials company will earn $0.66 per share for the quarter, down from their prior forecast of $0.71. The consensus estimate for Newmont's current full-year earnings is $3.45 per share. Zacks Research also issued estimates for Newmont's Q4 2025 earnings at $0.79 EPS, FY2025 earnings at $2.86 EPS, Q1 2026 earnings at $0.65 EPS and FY2026 earnings at $3.03 EPS.
Newmont (NYSE:NEM - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 earnings per share for the quarter, topping analysts' consensus estimates of $1.11 by $0.29. The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.32 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%.
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A number of other research firms also recently commented on NEM. JPMorgan Chase & Co. upgraded Newmont from a "neutral" rating to an "overweight" rating in a report on Tuesday, November 19th. StockNews.com upgraded shares of Newmont from a "hold" rating to a "buy" rating in a research note on Monday, February 24th. Bernstein Bank raised their price target on shares of Newmont from $55.00 to $58.00 in a report on Monday, November 11th. Royal Bank of Canada upped their price objective on shares of Newmont from $47.00 to $52.00 and gave the stock a "sector perform" rating in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group started coverage on Newmont in a report on Monday, January 13th. They set a "buy" rating and a $47.20 target price on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, Newmont has a consensus rating of "Moderate Buy" and an average target price of $53.16.
Read Our Latest Research Report on Newmont
Newmont Stock Performance
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Shares of NEM stock opened at $42.30 on Monday. The firm has a market cap of $47.67 billion, a P/E ratio of 14.44, a PEG ratio of 0.41 and a beta of 0.54. 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 fifty-two week low of $33.29 and a fifty-two week high of $58.72. The stock's 50-day moving average is $42.63 and its two-hundred day moving average is $45.93.
Newmont Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 27th. Shareholders of record on Tuesday, March 4th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.36%. The ex-dividend date is Tuesday, March 4th. Newmont's dividend payout ratio is currently 34.13%.
Insider Transactions at Newmont
In other news, EVP Peter Toth sold 3,000 shares of the business'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 $120,000.00. Following the transaction, the executive vice president now owns 82,596 shares in the company, 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 SEC, which can be accessed through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $43.71, for a total transaction of $90,785.67. Following the completion of the sale, the director now owns 47,916 shares of the company's stock, valued at approximately $2,094,408.36. The trade was a 4.15 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 33,231 shares of company stock worth $1,388,758 over the last three months. 0.06% of the stock is currently owned by insiders.
Institutional Trading of Newmont
Institutional investors have recently modified their holdings of the company. Waverton Investment Management Ltd boosted its stake 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 worth $28,379,000 after buying an additional 65,075 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in shares of Newmont by 117.3% during the 3rd quarter. Sanctuary Advisors LLC now owns 34,686 shares of the basic materials company's stock worth $1,854,000 after acquiring an additional 18,722 shares during the period. Nordea Investment Management AB boosted its position in shares of Newmont by 173.0% during the 4th quarter. Nordea Investment Management AB now owns 2,491,126 shares of the basic materials company's stock valued at $92,832,000 after acquiring an additional 1,578,545 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in Newmont by 57.1% in the fourth quarter. Assenagon Asset Management S.A. now owns 2,379,901 shares of the basic materials company's stock valued at $88,580,000 after acquiring an additional 865,213 shares during the period. Finally, Brookstone Capital Management acquired a new position in Newmont in the fourth quarter worth about $245,000. Institutional investors and hedge funds own 68.85% of the company's stock.
Newmont Company Profile
(Get Free Report)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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