Equities Analysts Offer Predictions for Newmont Q4 Earnings

Newmont Co. (TSE:NGT) – Equities research analysts at Raymond James reduced their Q4 2024 earnings estimates for Newmont in a research note issued to investors on Sunday, October 27th. Raymond James analyst B. Macarthur now expects that the company will post earnings of $1.28 per share for the quarter, down from their prior forecast of $1.31. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Raymond James also issued estimates for Newmont’s Q1 2025 earnings at $1.20 EPS.

A number of other research analysts have also recently weighed in on NGT. Scotiabank cut Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Cibc World Mkts downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday. Finally, Argus raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 29th. Three research analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$68.00.

Newmont Price Performance

NGT stock opened at C$66.53 on Tuesday. The firm has a 50 day moving average of C$72.54 and a 200-day moving average of C$64.36. The company has a current ratio of 2.11, a quick ratio of 1.77 and a debt-to-equity ratio of 31.20. The company has a market cap of C$76.51 billion, a price-to-earnings ratio of -17.55, a PEG ratio of 1.43 and a beta of 0.51. Newmont has a 12-month low of C$39.96 and a 12-month high of C$81.16.

Newmont (TSE:NGT) last released its quarterly earnings data on Wednesday, October 23rd. The company reported C$1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.07 by C$0.04. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%. The firm had revenue of C$6.28 billion during the quarter, compared to analysts’ expectations of C$5.79 billion.

Newmont Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, November 27th will be paid a dividend of $0.338 per share. This represents a $1.35 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Wednesday, November 27th. Newmont’s payout ratio is currently -35.62%.

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.