FY2024 Earnings Forecast for Newmont Issued By Raymond James

Newmont Co. (TSE:NGT) – Analysts at Raymond James lowered their FY2024 EPS estimates for Newmont in a note issued to investors on Monday, November 25th. Raymond James analyst B. Macarthur now anticipates that the company will earn $4.08 per share for the year, down from their prior estimate of $4.11. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Raymond James also issued estimates for Newmont’s Q4 2024 earnings at $1.21 EPS, Q2 2025 earnings at $1.06 EPS, Q3 2025 earnings at $1.08 EPS, Q4 2025 earnings at $1.12 EPS and FY2025 earnings at $4.38 EPS.

NGT has been the topic of a number of other research reports. Scotiabank cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Cibc World Mkts cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Argus raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th. Finally, UBS Group cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Four equities research analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$68.00.

Newmont Trading Up 0.1 %

TSE NGT opened at C$59.34 on Tuesday. The firm’s 50-day moving average is C$68.81 and its two-hundred day moving average is C$65.10. Newmont has a 12 month low of C$39.96 and a 12 month 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. The stock has a market capitalization of C$68.24 billion, a P/E ratio of -15.66, a PEG ratio of 1.43 and a beta of 0.51.

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

Newmont Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.338 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.35 annualized dividend and a dividend yield of 2.28%. Newmont’s dividend payout ratio is presently -35.62%.

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.