Newmont (NEM) to Release Quarterly Earnings on Wednesday

Newmont (NYSE:NEM) is anticipated to issue its Q1 2025 quarterly earnings data after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.71 per share and revenue of $4.82 billion for the quarter.

Newmont (NYSE:NEM) last released its quarterly earnings results on Thursday, February 20th. The basic materials company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.11 by $0.29. The firm had revenue of $5.65 billion during the quarter, compared to analyst estimates of $5.32 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%. On average, analysts expect Newmont to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Newmont Stock Performance

NEM opened at $55.25 on Tuesday. Newmont has a 12-month low of $36.60 and a 12-month high of $58.72. The company has a market cap of $62.28 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 0.41 and a beta of 0.54. The company has a current ratio of 1.96, a quick ratio of 1.73 and a debt-to-equity ratio of 0.30. The company’s 50 day moving average is $47.31 and its 200 day moving average is $45.03.

Newmont Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date of this dividend was Tuesday, March 4th. Newmont’s dividend payout ratio is presently 34.13%.

Insiders Place Their Bets

In other news, Director Bruce R. Brook sold 2,077 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $42.89, for a total value of $89,082.53. Following the completion of the sale, the director now owns 49,993 shares of the company’s stock, valued at $2,144,199.77. This trade represents a 3.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Peter Toth sold 3,000 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 value of $131,130.00. Following the completion of the sale, the executive vice president now owns 86,526 shares of the company’s stock, valued at approximately $3,782,051.46. This trade represents a 3.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,154 shares of company stock worth $825,678 over the last 90 days. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Newmont

An institutional investor recently raised its position in Newmont stock. Brighton Jones LLC increased its stake in shares of Newmont Co. (NYSE:NEM) by 15.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,606 shares of the basic materials company’s stock after buying an additional 1,847 shares during the quarter. Brighton Jones LLC’s holdings in Newmont were worth $506,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 68.85% of the company’s stock.

Wall Street Analysts Forecast Growth

NEM has been the topic of several analyst reports. National Bank Financial upgraded Newmont to a “hold” rating in a research report on Friday, March 21st. StockNews.com raised Newmont from a “hold” rating to a “buy” rating in a research report on Monday, February 24th. The Goldman Sachs Group started coverage on shares of Newmont in a report on Monday, January 13th. They issued a “buy” rating and a $47.20 target price for the company. BMO Capital Markets initiated coverage on shares of Newmont in a report on Wednesday, April 16th. They set an “outperform” rating and a $63.00 price target on the stock. Finally, Royal Bank of Canada raised their price objective on shares of Newmont from $51.00 to $52.00 and gave the company a “sector perform” rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $55.02.

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.