FY2025 Earnings Forecast for Newmont Issued By Scotiabank

Newmont Co. (TSE:NGT) – Analysts at Scotiabank reduced their FY2025 EPS estimates for shares of Newmont in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now expects that the company will earn $4.09 per share for the year, down from their previous forecast of $4.85. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Scotiabank also issued estimates for Newmont’s FY2026 earnings at $3.69 EPS.

NGT has been the topic of a number of other research reports. National Bankshares boosted their price objective on Newmont from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 19th. The Goldman Sachs Group upgraded shares of Newmont to a “strong-buy” rating in a report on Monday, January 13th. Citigroup reduced 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. Finally, CLSA upgraded shares of Newmont to a “hold” rating in a report on Friday, November 29th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, Newmont presently has a consensus rating of “Moderate Buy” and a consensus target price of C$62.50.

Newmont Stock Performance

TSE NGT opened at C$67.03 on Monday. Newmont has a fifty-two week low of C$46.01 and a fifty-two week high of C$81.16. The stock has a market cap of C$53.32 billion, a PE ratio of -44.29, a PEG ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 30.62, a quick ratio of 1.77 and a current ratio of 1.96. The firm’s fifty day moving average price is C$63.48 and its two-hundred day moving average price is C$64.14.

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.