National Bank Financial Estimates Newmont Q3 Earnings

Newmont Co. (TSE:NGT - Free Report) - Analysts at National Bank Financial issued their Q3 2024 earnings per share (EPS) estimates for shares of Newmont in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin anticipates that the company will earn $1.20 per share for the quarter. The consensus estimate for Newmont's current full-year earnings is $5.51 per share.

A number of other analysts also recently commented on NGT. Cibc World Mkts upgraded shares of Newmont from a "hold" rating to a "strong-buy" rating in a report on Wednesday, July 10th. Argus raised Newmont from a "hold" rating to a "strong-buy" rating in a report on Thursday, August 29th. Finally, Scotiabank upgraded Newmont from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 19th. One investment analyst has rated the stock with a hold rating and five have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Strong Buy" and an average price target of C$68.00.

Newmont Price Performance

Shares of TSE:NGT traded down C$11.77 during midday trading on Thursday, hitting C$68.19. The company's stock had a trading volume of 1,098,468 shares, compared to its average volume of 205,143. The company has a market cap of C$78.42 billion, a P/E ratio of -17.98, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. Newmont has a 12-month low of C$39.96 and a 12-month high of C$81.16. The business's 50 day simple moving average is C$72.68 and its 200 day simple moving average is C$63.90. The company has a debt-to-equity ratio of 31.20, a quick ratio of 1.77 and a current ratio of 2.11.

Newmont (TSE:NGT - Get Free Report) last released its earnings results on Wednesday, July 24th. The company reported C$0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$0.72 by C$0.27. The business had revenue of C$6.02 billion during the quarter, compared to analyst estimates of C$4.79 billion. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%.

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.