Newmont FY2024 EPS Lifted by National Bank Financial

Newmont Co. (TSE:NGT - Free Report) - Equities research analysts at National Bank Financial increased their FY2024 earnings per share estimates for shares of Newmont in a report released on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the company will earn $4.89 per share for the year, up from their prior estimate of $4.54. The consensus estimate for Newmont's current full-year earnings is $5.51 per share. National Bank Financial also issued estimates for Newmont's FY2025 earnings at $6.41 EPS.

Other analysts have also issued reports about the company. The Goldman Sachs Group raised Newmont to a "strong-buy" rating in a report on Monday, January 13th. CLSA raised Newmont to a "hold" rating in a report on Friday, November 29th. Scotiabank lowered Newmont from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Cibc World Mkts lowered Newmont from a "strong-buy" rating to a "hold" rating in a report on Monday, October 28th. Finally, Citigroup decreased their price objective on Newmont from C$66.00 to C$45.00 and set a "buy" rating for the company in a report on Monday, December 23rd. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$56.50.

Newmont Stock Down 2.7 %

NGT traded down C$1.81 during midday trading on Wednesday, reaching C$65.97. 285,836 shares of the company were exchanged, compared to its average volume of 206,073. 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 company's fifty day moving average price is C$58.87 and its 200 day moving average price is C$64.86. The company has a market cap 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. Newmont has a one year low of C$39.96 and a one year high of C$81.16.

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.