Newmont Co. (TSE:NGT – Free Report) – Raymond James lifted their FY2024 earnings estimates for shares of Newmont in a research note issued on Monday, January 27th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $4.19 per share for the year, up from their prior forecast of $4.08. 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 $1.15 EPS, Q3 2025 earnings at $1.07 EPS and FY2025 earnings at $4.39 EPS.
Other equities analysts have also recently issued reports about the company. CLSA raised Newmont to a “hold” rating in a report on Friday, November 29th. Cibc World Mkts lowered Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. UBS Group lowered Newmont from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. The Goldman Sachs Group upgraded Newmont to a “strong-buy” rating in a research report on Monday, January 13th. Finally, Citigroup cut their target price on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating on the stock in a report on Monday, December 23rd. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$56.50.
Newmont Price Performance
NGT stock opened at C$62.41 on Wednesday. The firm has a 50 day simple moving average of C$57.55 and a two-hundred day simple moving average of C$64.90. The stock has a market cap of C$71.77 billion, a PE ratio of -16.47, a P/E/G ratio of 1.43 and a beta of 0.51. Newmont has a one year low of C$39.96 and a one year high of C$81.16. The company has a debt-to-equity ratio of 31.20, a current ratio of 2.11 and a quick ratio of 1.77.
Newmont Company Profile
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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