Newmont Co. (TSE:NGT - Free Report) - Research analysts at Raymond James cut their FY2025 earnings per share estimates for Newmont in a research report issued to clients and investors on Monday, December 9th. Raymond James analyst B. Macarthur now anticipates 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.
Other equities research analysts have also issued research reports about the stock. Argus upgraded shares of Newmont from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 29th. Scotiabank downgraded shares of Newmont from a "strong-buy" rating to a "hold" rating in a research note on Friday, October 25th. UBS Group lowered Newmont from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Cibc World Mkts lowered shares of Newmont from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 28th. Finally, CLSA raised shares of Newmont to a "hold" rating in a research note on Friday, November 29th. Five investment analysts have rated the stock with a hold rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$68.00.
Check Out Our Latest Research Report on NGT
Newmont Trading Up 2.1 %
Shares of TSE:NGT traded up C$1.22 during trading on Wednesday, hitting C$60.00. The company had a trading volume of 308,555 shares, compared to its average volume of 210,682. The stock has a market cap of C$69 billion, a price-to-earnings ratio of -15.51, 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. The company has a fifty day simple moving average of C$65.82 and a two-hundred day simple moving average of C$65.09. Newmont has a one year low of C$39.96 and a one year high of C$81.16.
Newmont (TSE:NGT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported C$1.11 earnings per share for the quarter, beating analysts' consensus estimates of C$1.07 by C$0.04. The firm had revenue of C$6.28 billion during the quarter, compared to analyst estimates of C$5.79 billion. Newmont had a negative return on equity of 8.09% and a negative net margin of 13.29%.
Newmont Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Wednesday, November 27th will be issued a $0.338 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.35 annualized dividend and a dividend yield of 2.25%. Newmont's payout ratio is currently -35.62%.
About Newmont
(
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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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