9 hours Ago By ABMN Staff
Newmont Co. ( NYSE:NEM – Free Report ) – Equities research analysts at National Bank Financial lowered their FY2025 earnings estimates for Newmont in a research report issued to clients and investors on Tuesday, April 22nd. National Bank Financial analyst S.
Nagle now expects that the basic materials company will earn $4.47 per share for the year, down from their prior forecast of $4.48.
National Bank Financial has a “Hold” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.45 per share.
Several other brokerages have also weighed in on NEM. Raymond James lifted their price objective on Newmont from $54.00 to $63.
00 and gave the stock an “outperform” rating in a report on Friday, April 4th. The Goldman Sachs Group began coverage on Newmont in a research report on Monday, January 13th. They issued a “buy” rating and a $47.
20 price target on the stock. Scotiabank restated a “sector perform” rating on shares of Newmont in a research report on Monday, April 14th. StockNews.
com raised Newmont from a “hold” rating to a “buy” rating in a report on Monday, February 24th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Newmont in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock.
According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $55.02.
Newmont Stock Up 4.9 % NYSE NEM opened at $55.74 on Thursday.
Newmont has a twelve month low of $36.86 and a twelve month high of $58.72.
The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.73 and a current ratio of 1.
96. The stock has a market cap of $62.83 billion, a PE ratio of 19.
02, a PEG ratio of 0.41 and a beta of 0.54.
The firm has a 50-day simple moving average of $47.76 and a 200 day simple moving average of $45.17.
Newmont ( NYSE:NEM – Get Free Report ) last announced its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported $1.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
71 by $0.54. The business had revenue of $5.
01 billion for the quarter, compared to the consensus estimate of $4.82 billion. Newmont had a net margin of 17.
92% and a return on equity of 13.52%. Hedge Funds Weigh In On Newmont A number of institutional investors have recently bought and sold shares of the business.
SOA Wealth Advisors LLC. boosted its position in Newmont by 64.0% during the first quarter.
SOA Wealth Advisors LLC. now owns 515 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 201 shares during the period. Nexus Investment Management ULC bought a new position in shares of Newmont in the first quarter worth $31,000.
Alpine Bank Wealth Management acquired a new position in Newmont in the first quarter valued at about $32,000. HHM Wealth Advisors LLC grew its stake in Newmont by 66.0% during the fourth quarter.
HHM Wealth Advisors LLC now owns 880 shares of the basic materials company’s stock worth $33,000 after buying an additional 350 shares in the last quarter. Finally, Redwood Park Advisors LLC bought a new position in Newmont in the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 68.
85% of the company’s stock. Insider Activity at Newmont In other Newmont news, COO Natascha Viljoen sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $42.
89, for a total value of $386,010.00. Following the sale, the chief operating officer now owns 136,967 shares in the company, valued at approximately $5,874,514.
63. The trade was a 6.17 % decrease in their position.
The transaction was disclosed in a legal filing with the SEC, which is accessible through this link . Also, Director Bruce R. Brook sold 2,077 shares of the stock in a transaction on Monday, February 3rd.
The stock was sold at an average price of $42.89, for a total transaction of $89,082.53.
Following the transaction, the director now owns 49,993 shares of the company’s stock, valued at $2,144,199.77. The trade was a 3.
99 % decrease in their position. The disclosure for this sale can be found here . In the last ninety days, insiders have sold 19,154 shares of company stock valued at $825,678.
0.05% of the stock is owned by corporate insiders. Newmont Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 20th.
Stockholders of record on Tuesday, May 27th will be given a dividend of $0.25 per share. This represents a $1.
00 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, May 27th.
Newmont’s dividend payout ratio is 34.13%. About Newmont ( 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. Read More Receive News & Ratings for Newmont Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Newmont and related companies with MarketBeat.
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