Newmont Co. (TSE:NGT – Free Report) – Investment analysts at Raymond James decreased their Q4 2024 earnings per share (EPS) estimates for Newmont in a research note issued to investors on Monday, January 27th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $1.20 per share for the quarter, down from their previous forecast of $1.21. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Raymond James also issued estimates for Newmont’s Q2 2025 earnings at $1.11 EPS and Q4 2025 earnings at $1.08 EPS.
Other equities research analysts have also issued research reports about the stock. CLSA upgraded shares of Newmont to a “hold” rating in a report on Friday, November 29th. Scotiabank lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. The Goldman Sachs Group upgraded Newmont to a “strong-buy” rating in a report on Monday, January 13th. Citigroup lowered their target price on Newmont from C$66.00 to C$45.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Finally, UBS Group downgraded Newmont from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$56.50.
Newmont Trading Up 0.8 %
Shares of TSE NGT opened at C$59.98 on Tuesday. Newmont has a fifty-two week low of C$39.96 and a fifty-two week high of C$81.16. The company has a debt-to-equity ratio of 31.20, a quick ratio of 1.77 and a current ratio of 2.11. The company has a market cap of C$68.98 billion, a price-to-earnings ratio of -15.83, a PEG ratio of 1.43 and a beta of 0.51. The business’s 50 day moving average price is C$57.54 and its 200-day moving average price is C$64.93.
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.
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