What is Scotiabank’s Estimate for Newmont FY2025 Earnings?

Newmont Corporation (NYSE:NEM) – Stock analysts at Scotiabank increased their FY2025 earnings estimates for shares of Newmont in a research note issued on Friday, January 30th. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings of $6.41 per share for the year, up from their prior forecast of $6.12. Scotiabank has a “Outperform” rating and a $152.00 price objective on the stock. The consensus estimate for Newmont’s current full-year earnings is $3.45 per share.

Several other research firms have also issued reports on NEM. TD Cowen lifted their price objective on Newmont from $89.00 to $120.00 and gave the company a “hold” rating in a research note on Thursday, January 22nd. Cibc World Mkts raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 10th. Wall Street Zen cut Newmont from a “strong-buy” rating to a “buy” rating in a research report on Sunday, November 2nd. Bank of America boosted their price target on Newmont from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, October 16th. Finally, National Bankshares boosted their price objective on shares of Newmont from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Tuesday, December 9th. Six investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $112.38.

Newmont Price Performance

Newmont stock opened at $112.30 on Monday. The business has a fifty day moving average price of $104.52 and a 200-day moving average price of $87.27. Newmont has a one year low of $41.23 and a one year high of $134.88. The firm has a market capitalization of $122.55 billion, a P/E ratio of 17.44, a PEG ratio of 0.86 and a beta of 0.40. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.04 and a quick ratio of 1.74.

Institutional Trading of Newmont

A number of large investors have recently added to or reduced their stakes in NEM. GoalVest Advisory LLC bought a new stake in Newmont during the fourth quarter worth approximately $25,000. Physician Wealth Advisors Inc. increased its position in Newmont by 327.8% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 308 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 236 shares during the period. Concord Wealth Partners raised its position in shares of Newmont by 534.7% in the 2nd quarter. Concord Wealth Partners now owns 457 shares of the basic materials company’s stock worth $27,000 after acquiring an additional 385 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Newmont during the 3rd quarter worth approximately $27,000. Finally, Lodestone Wealth Management LLC acquired a new position in Newmont during the 4th quarter valued at about $28,000. Institutional investors own 68.85% of the company’s stock.

Insider Transactions at Newmont

In related news, Director Bruce R. Brook sold 2,080 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $92.36, for a total value of $192,108.80. Following the transaction, the director directly owned 32,709 shares of the company’s stock, valued at approximately $3,021,003.24. The trade was a 5.98% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.05% of the company’s stock.

Newmont Company Profile

Newmont Corporation (NYSE: NEM) is a leading global gold mining company engaged in the exploration, development, processing and reclamation of gold properties. The company’s core business centers on the production of gold, with additional byproduct metals produced from its operations. Newmont operates a portfolio of long‑lived mines and development projects, and its activities span the full mine life cycle from early-stage exploration through to mining, milling and closure.

Founded in 1921 and headquartered in Greenwood Village, Colorado, Newmont has grown through organic development and strategic acquisitions.