Scotiabank Has Negative Forecast for Newmont FY2025 Earnings

Newmont Co. (NYSE:NEM) – Equities researchers at Scotiabank lowered their FY2025 earnings per share estimates for Newmont in a research report issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will earn $2.86 per share for the year, down from their previous forecast of $3.37. Scotiabank has a “Sector Perform” rating and a $50.00 price objective 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.29. The business had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.32 billion. Newmont had a net margin of 17.92% and a return on equity of 13.52%.

A number of other equities research analysts have also recently weighed in on the company. The Goldman Sachs Group started coverage on Newmont in a report on Monday, January 13th. They set a “buy” rating and a $47.20 price target for the company. National Bank Financial upgraded Newmont to a “hold” rating in a research note on Friday, March 21st. StockNews.com raised shares of Newmont from a “hold” rating to a “buy” rating in a report on Monday, February 24th. Royal Bank of Canada boosted their target price on shares of Newmont from $47.00 to $52.00 and gave the stock a “sector perform” rating in a research note on Tuesday, February 11th. Finally, CLSA began coverage on shares of Newmont in a report on Friday, November 29th. They issued an “underperform” rating for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Newmont presently has an average rating of “Moderate Buy” and an average price target of $53.16.

Newmont Stock Performance

NYSE NEM opened at $47.48 on Monday. The firm has a market cap of $53.52 billion, a price-to-earnings ratio of 16.20, 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. Newmont has a 1-year low of $34.00 and a 1-year high of $58.72. The company has a 50 day moving average of $44.40 and a 200-day moving average of $45.48.

Newmont Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 27th. Investors of record on Tuesday, March 4th will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $1.00 annualized dividend and a dividend yield of 2.11%. Newmont’s dividend payout ratio is presently 34.13%.

Insider Activity at Newmont

In other Newmont news, COO Natascha Viljoen sold 9,000 shares of Newmont stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $360,000.00. Following the sale, the chief operating officer now owns 145,967 shares of the company’s stock, valued at $5,838,680. This trade represents a 5.81 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Bruce R. Brook sold 2,077 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $40.00, for a total value of $83,080.00. Following the transaction, the director now directly owns 52,070 shares of the company’s stock, valued at approximately $2,082,800. This trade represents a 3.84 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 33,231 shares of company stock worth $1,388,758. 0.06% of the stock is owned by company insiders.

Institutional Trading of Newmont

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC raised its stake 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 purchasing an additional 18,722 shares in the last quarter. Nordea Investment Management AB increased its holdings 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 worth $92,832,000 after acquiring an additional 1,578,545 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of Newmont by 57.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 2,379,901 shares of the basic materials company’s stock worth $88,580,000 after acquiring an additional 865,213 shares during the last quarter. Brookstone Capital Management bought a new stake in Newmont in the 4th quarter valued at $245,000. Finally, Moody National Bank Trust Division lifted its holdings in Newmont by 13.6% during the 4th quarter. Moody National Bank Trust Division now owns 22,079 shares of the basic materials company’s stock valued at $822,000 after purchasing an additional 2,645 shares during the last quarter. Institutional investors and hedge funds own 68.85% of the company’s stock.

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.