Newmont Co. (TSE:NGT - Free Report) - Raymond James increased their FY2024 earnings per share estimates for shares of Newmont in a report issued on Monday, January 27th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $4.19 per share for the year, up from their previous 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.
NGT has been the subject of several other reports. CLSA raised Newmont to a "hold" rating in a research note on Friday, November 29th. UBS Group downgraded Newmont from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Cibc World Mkts cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 28th. The Goldman Sachs Group upgraded shares of Newmont to a "strong-buy" rating in a research report on Monday, January 13th. Finally, Citigroup lowered their price target on shares of Newmont from C$66.00 to C$45.00 and set a "buy" rating on the stock in a research report on Monday, December 23rd. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of C$56.50.
Check Out Our Latest Stock Report on Newmont
Newmont Stock Performance
Shares of NGT stock traded up C$0.45 during trading hours on Wednesday, reaching C$59.98. 143,305 shares of the company's stock were exchanged, compared to its average volume of 177,191. The company's 50 day moving average is C$57.54 and its two-hundred day moving average is C$64.93. The company has a market cap of C$68.98 billion, a P/E ratio of -15.83, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. 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 has a 1 year low of C$39.96 and a 1 year high of C$81.16.
Newmont Company Profile
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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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