经纪商发布对纽蒙特公司的预测s FY2023 收益(纽约证券交易所代码:NEM)

经纪商发布对纽蒙特公司的预测s FY2023 收益(纽约证券交易所代码:NEM)
2023年02月27日 16:32 富途牛牛综合

Newmont Co. (NYSE:NEM – Get Rating) – Research analysts at Jefferies Financial Group upped their FY2023 EPS estimates for shares of Newmont in a report released on Thursday, February 23rd. Jefferies Financial Group analyst C. Lafemina now expects that the basic materials company will post earnings per share of $3.45 for the year, up from their prior forecast of $3.36. The consensus estimate for Newmont's current full-year earnings is $2.45 per share.

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Newmont (NYSE:NEM – Get Rating) last issued its quarterly earnings results on Thursday, February 23rd. The basic materials company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.47 by ($0.03). Newmont had a positive return on equity of 6.98% and a negative net margin of 3.60%. The business had revenue of $3.20 billion for the quarter, compared to analyst estimates of $3.10 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The firm's revenue for the quarter was down 5.6% on a year-over-year basis.

Several other analysts have also recently commented on the stock. National Bank Financial raised their price objective on shares of Newmont from C$76.00 to C$86.00 in a research note on Friday, January 13th. BNP Paribas upgraded Newmont from a "neutral" rating to an "outperform" rating and set a $60.00 target price for the company in a research note on Monday, February 13th. Fundamental Research reiterated a "buy" rating and issued a $52.00 price target (down from $63.91) on shares of Newmont in a report on Tuesday, November 15th. Canaccord Genuity Group reiterated a "hold" rating and issued a $56.00 price target (up from $50.00) on shares of Newmont in a report on Thursday, January 19th. Finally, Credit Suisse Group boosted their price objective on Newmont to $54.00 in a research report on Monday, November 21st. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, Newmont currently has a consensus rating of "Hold" and a consensus price target of $63.69.

Newmont Stock Down 1.6 %

NEM stock opened at $43.54 on Monday. Newmont has a one year low of $37.45 and a one year high of $86.37. The stock has a market capitalization of $34.56 billion, a PE ratio of -80.63 and a beta of 0.29. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.29 and a current ratio of 2.23. The company has a fifty day moving average of $49.68 and a 200-day moving average of $45.85.

Institutional Trading of Newmont

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blair William & Co. IL grew its holdings in Newmont by 14.8% during the first quarter. Blair William & Co. IL now owns 42,511 shares of the basic materials company's stock worth $3,378,000 after purchasing an additional 5,484 shares during the period. Sei Investments Co. boosted its holdings in shares of Newmont by 19.3% during the first quarter. Sei Investments Co. now owns 66,212 shares of the basic materials company's stock worth $5,219,000 after acquiring an additional 10,692 shares during the period. Cetera Investment Advisers boosted its holdings in shares of Newmont by 46.9% during the first quarter. Cetera Investment Advisers now owns 27,905 shares of the basic materials company's stock worth $2,217,000 after acquiring an additional 8,915 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Newmont by 7.2% during the first quarter. Baird Financial Group Inc. now owns 595,641 shares of the basic materials company's stock worth $47,324,000 after acquiring an additional 39,765 shares during the period. Finally, Parkside Financial Bank & Trust boosted its holdings in shares of Newmont by 25.8% during the first quarter. Parkside Financial Bank & Trust now owns 1,354 shares of the basic materials company's stock worth $108,000 after acquiring an additional 278 shares during the period. Institutional investors and hedge funds own 77.60% of the company's stock.

Insider Transactions at Newmont

In related news, COO Robert D. Atkinson sold 3,000 shares of the firm's stock in a transaction 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 sale, the chief operating officer now owns 33,947 shares of the company's stock, valued at approximately $1,637,263.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Newmont news, CEO Thomas Ronald Palmer sold 11,000 shares of Newmont stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $48.23, for a total value of $530,530.00. Following the sale, the chief executive officer now owns 199,949 shares of the company's stock, valued at approximately $9,643,540.27. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Robert D. Atkinson sold 3,000 shares of Newmont stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $48.23, for a total value 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. Insiders have sold 28,000 shares of company stock worth $1,353,100 in the last three months. Insiders own 0.11% of the company's stock.

Newmont Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 23rd. Stockholders of record on Thursday, March 9th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, March 8th. This represents a $1.60 annualized dividend and a dividend yield of 3.67%. Newmont's dividend payout ratio is currently -407.40%.

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.

See Also

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