Newmont Co. (TSE:NGT - Free Report) - Analysts at Raymond James decreased their Q4 2024 earnings per share (EPS) estimates for shares of Newmont in a research report issued on Monday, January 27th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings of $1.20 per share for the quarter, down from their previous estimate of $1.21. The consensus estimate for Newmont's current full-year earnings is $5.51 per share. Raymond James also issued estimates for Newmont's Q2 2025 earnings at $1.11 EPS and Q4 2025 earnings at $1.08 EPS.
NGT has been the topic of several other reports. Scotiabank lowered shares of Newmont from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Citigroup cut their target price on shares of Newmont from C$66.00 to C$45.00 and set a "buy" rating for the company in a report on Monday, December 23rd. The Goldman Sachs Group upgraded shares of Newmont to a "strong-buy" rating in a research report on Monday, January 13th. Cibc World Mkts downgraded shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 28th. Finally, UBS Group lowered shares of Newmont from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$56.50.
Check Out Our Latest Stock Analysis on NGT
Newmont Stock Performance
Shares of Newmont stock traded down C$0.34 on Tuesday, reaching C$62.07. 227,006 shares of the stock were exchanged, compared to its average volume of 181,595. The company has a quick ratio of 1.77, a current ratio of 2.11 and a debt-to-equity ratio of 31.20. Newmont has a twelve month low of C$39.96 and a twelve month high of C$81.16. The business has a 50 day moving average price of C$57.60 and a two-hundred day moving average price of C$64.88. The firm has a market capitalization of C$71.38 billion, a price-to-earnings ratio of -16.38, a PEG ratio of 1.43 and a beta of 0.51.
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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