纽蒙特公司2023年第一季度收益预期(纽约证券交易所代码:NEM)由雷蒙德·詹姆斯发行

纽蒙特公司2023年第一季度收益预期(纽约证券交易所代码:NEM)由雷蒙德·詹姆斯发行
2023年02月03日 15:23 富途牛牛综合

Newmont Co. (NYSE:NEM – Get Rating) – Research analysts at Raymond James upped their Q1 2023 earnings estimates for shares of Newmont in a research report issued on Monday, January 30th. Raymond James analyst B. Macarthur now anticipates that the basic materials company will post earnings of $0.60 per share for the quarter, up from their prior estimate of $0.38. Raymond James currently has a "Outperform" rating and a $61.00 target price on the stock. The consensus estimate for Newmont's current full-year earnings is $1.82 per share. Raymond James also issued estimates for Newmont's Q2 2023 earnings at $0.59 EPS, Q3 2023 earnings at $0.66 EPS, Q4 2023 earnings at $0.64 EPS and FY2023 earnings at $2.48 EPS.

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Other equities analysts have also issued reports about the company. Canaccord Genuity Group reissued a "hold" rating and issued a $56.00 price target (up from $50.00) on shares of Newmont in a research note on Thursday, January 19th. StockNews.com initiated coverage on shares of Newmont in a research note on Wednesday, October 12th. They set a "hold" rating on the stock. TD Securities decreased their price target on shares of Newmont from $49.00 to $47.00 and set a "hold" rating for the company in a research note on Wednesday, November 2nd. Barclays increased their price objective on shares of Newmont from $54.00 to $57.00 and gave the stock an "equal weight" rating in a research report on Monday. Finally, National Bank Financial boosted their target price on Newmont from C$76.00 to C$86.00 in a research report on Friday, January 13th. Eight equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Newmont currently has an average rating of "Hold" and a consensus price target of $63.53.

Newmont Stock Down 3.2 %

Shares of NYSE:NEM opened at $52.43 on Thursday. Newmont has a 1 year low of $37.45 and a 1 year high of $86.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 2.72 and a quick ratio of 2.29. The business's 50-day moving average is $49.61 and its 200-day moving average is $45.91. The company has a market capitalization of $41.62 billion, a price-to-earnings ratio of 41.74 and a beta of 0.29.

Newmont (NYSE:NEM – Get Rating) last issued its quarterly earnings results on Tuesday, November 1st. The basic materials company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.02). Newmont had a net margin of 8.28% and a return on equity of 8.07%. The firm had revenue of $2.63 billion for the quarter, compared to the consensus estimate of $2.79 billion.

Institutional Investors Weigh In On Newmont

Large investors have recently added to or reduced their stakes in the company. Hoey Investments Inc. bought a new stake in shares of Newmont in the second quarter valued at approximately $30,000. Cowa LLC purchased a new stake in shares of Newmont during the third quarter worth $32,000. Avion Wealth boosted its holdings in shares of Newmont by 4,664.7% in the third quarter. Avion Wealth now owns 810 shares of the basic materials company's stock worth $34,000 after acquiring an additional 793 shares during the period. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Newmont during the 3rd quarter valued at $34,000. Finally, Romano Brothers AND Company purchased a new stake in Newmont during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 77.60% of the company's stock.

Insider Buying and Selling at Newmont

In other Newmont news, CEO Thomas Ronald Palmer sold 11,000 shares of Newmont stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $48.42, for a total transaction of $532,620.00. Following the transaction, the chief executive officer now owns 210,949 shares of the company's stock, valued at approximately $10,214,150.58. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Thomas Ronald Palmer sold 11,000 shares of the stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $48.42, for a total transaction of $532,620.00. Following the completion of the transaction, the chief executive officer now directly owns 210,949 shares of the company's stock, valued at approximately $10,214,150.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Robert D. Atkinson sold 3,000 shares of Newmont stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $48.23, for a total transaction of $144,690.00. Following the completion of the sale, the chief operating officer now directly owns 33,947 shares in the company, valued at approximately $1,637,263.81. The disclosure for this sale can be found here. In the last three months, insiders have sold 28,000 shares of company stock worth $1,353,100. Corporate insiders own 0.11% of the company's stock.

Newmont Company Profile

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Newmont Corp. is a gold producer, engages in the exploration and acquisition of gold properties, contains copper, silver, lead, zinc or other metals. It operates through the following geographical segments: North America, South America, Nevada, Australia, and Africa. The North America segment consists primarily of carlin, phoenix, twin creeks and long canyon in the state of Nevada and Cripple Creek and Victor in the state of Colorado, in the United States.

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