National Bank Financial Forecasts Newmont Q4 Earnings

Newmont Co. (TSE:NGT - Free Report) - Stock analysts at National Bank Financial issued their Q4 2024 earnings per share (EPS) estimates for Newmont in a research note issued on Monday, February 10th. National Bank Financial analyst M. Parkin expects that the company will earn $1.93 per share for the quarter. The consensus estimate for Newmont's current full-year earnings is $5.51 per share.

Several other analysts have also recently weighed in on the stock. The Goldman Sachs Group raised shares of Newmont to a "strong-buy" rating in a research note on Monday, January 13th. UBS Group cut Newmont from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 30th. CLSA raised Newmont to a "hold" rating in a research note on Friday, November 29th. Cibc World Mkts cut Newmont from a "strong-buy" rating to a "hold" rating in a report on Monday, October 28th. Finally, Scotiabank downgraded shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 25th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of C$56.50.

Newmont Price Performance

Shares of TSE:NGT traded down C$1.81 on Thursday, hitting C$65.97. The stock had a trading volume of 285,836 shares, compared to its average volume of 206,073. The company has a market capitalization of C$52.48 billion, a price-to-earnings ratio of -43.59, a price-to-earnings-growth 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 50 day moving average price is C$58.87 and its 200-day moving average price is C$64.85. Newmont has a twelve month low of C$39.96 and a twelve month high of C$81.16.

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.