FY2025 Earnings Estimate for Newmont Issued By Raymond James

Newmont Co. (TSE:NGT) – Equities researchers at Raymond James lowered their FY2025 earnings per share (EPS) estimates for shares of Newmont in a report issued on Monday, December 9th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $4.37 for the year, down from their previous forecast of $4.38. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share.

Newmont (TSE:NGT) last issued 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 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 the consensus estimate of C$5.79 billion.

A number of other brokerages have also issued reports on NGT. Argus upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th. Scotiabank downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Cibc World Mkts lowered Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. CLSA upgraded Newmont to a “hold” rating in a research report on Friday, November 29th. Finally, UBS Group cut Newmont from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Newmont currently has a consensus rating of “Moderate Buy” and an average price target of C$68.00.

Newmont Trading Down 1.5 %

Shares of Newmont stock opened at C$59.11 on Wednesday. Newmont has a 52-week low of C$39.96 and a 52-week high of C$81.16. The stock has a market cap of C$67.98 billion, a PE ratio of -15.60, a PEG ratio of 1.43 and a beta of 0.51. The firm has a 50-day moving average of C$65.56 and a 200-day moving average of C$65.11. The company has a debt-to-equity ratio of 31.20, a quick ratio of 1.77 and a current ratio of 2.11.

Newmont Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th will be issued a $0.338 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Wednesday, November 27th. Newmont’s dividend payout ratio is presently -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.