Scotiabank Has Bearish Forecast for Newmont FY2025 Earnings

Newmont Co. (TSE:NGT - Free Report) - Scotiabank reduced their FY2025 earnings estimates for shares of Newmont in a research note issued on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now anticipates that the company will earn $4.09 per share for the year, down from their prior forecast of $4.85. The consensus estimate for Newmont's current full-year earnings is $5.51 per share. Scotiabank also issued estimates for Newmont's FY2026 earnings at $3.69 EPS.

Other equities research analysts have also issued research reports about the stock. National Bankshares increased their price objective on shares of Newmont from C$75.00 to C$80.00 and gave the stock a "sector perform" rating in a research report on Wednesday, March 19th. Citigroup dropped their target price on Newmont from C$66.00 to C$45.00 and set a "buy" rating on the stock in a report on Monday, December 23rd. National Bank Financial raised shares of Newmont to a "hold" rating in a research report on Friday. The Goldman Sachs Group raised shares of Newmont to a "strong-buy" rating in a report on Monday, January 13th. Finally, CLSA upgraded Newmont to a "hold" rating in a research note on Friday, November 29th. Six 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$62.50.

Newmont Trading Up 1.8 %

Shares of TSE NGT traded up C$1.21 during midday trading on Monday, hitting C$68.24. The stock had a trading volume of 64,101 shares, compared to its average volume of 206,077. The company has a quick ratio of 1.77, a current ratio of 1.96 and a debt-to-equity ratio of 30.62. Newmont has a 1-year low of C$46.19 and a 1-year high of C$81.16. The company has a market capitalization of C$54.28 billion, a price-to-earnings ratio of -45.09, a PEG ratio of 1.43 and a beta of 0.51. The company has a fifty day moving average price of C$63.48 and a 200 day moving average price of C$64.14.

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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.