Raymond James Brokers Reduce Earnings Estimates for Newmont

Newmont Co. (TSE:NGT) – Equities researchers at Raymond James lowered their Q2 2025 earnings per share estimates for shares of Newmont in a research report issued on Tuesday, November 19th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings per share of $1.15 for the quarter, down from their prior estimate of $1.20. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Raymond James also issued estimates for Newmont’s Q3 2025 earnings at $1.15 EPS and FY2025 earnings at $4.71 EPS.

Newmont (TSE:NGT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported C$1.11 EPS for the quarter, topping analysts’ consensus estimates of C$1.07 by C$0.04. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%. The company had revenue of C$6.28 billion during the quarter, compared to the consensus estimate of C$5.79 billion.

A number of other equities analysts have also recently issued reports on NGT. Argus raised Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Scotiabank lowered Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. UBS Group downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, Cibc World Mkts lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$68.00.

Newmont Stock Performance

TSE:NGT opened at C$60.45 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.11 and a debt-to-equity ratio of 31.20. The firm has a 50-day moving average price of C$69.57 and a 200 day moving average price of C$64.99. The firm has a market capitalization of C$69.52 billion, a PE ratio of -15.95, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. Newmont has a 12-month low of C$39.96 and a 12-month high of C$81.16.

Newmont Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th will be given a $0.338 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.35 annualized dividend and a yield of 2.24%. Newmont’s payout ratio is -35.62%.

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.