Newmont Co. (TSE:NGT - Free Report) - Research analysts at Zacks Research raised their FY2024 earnings per share (EPS) estimates for shares of Newmont in a note issued to investors on Tuesday, November 5th. Zacks Research analyst A. Barman now anticipates that the company will earn $4.24 per share for the year, up from their previous forecast of $4.02. The consensus estimate for Newmont's current full-year earnings is $5.51 per share. Zacks Research also issued estimates for Newmont's Q4 2024 earnings at $1.36 EPS, Q1 2025 earnings at $0.97 EPS, Q2 2025 earnings at $1.02 EPS, Q4 2025 earnings at $1.46 EPS, FY2025 earnings at $4.72 EPS, Q1 2026 earnings at $1.50 EPS, Q2 2026 earnings at $1.33 EPS and Q3 2026 earnings at $1.52 EPS.
Newmont (TSE:NGT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported C$1.11 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.07 by C$0.04. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%. The firm had revenue of C$6.28 billion during the quarter, compared to analyst estimates of C$5.79 billion.
A number of other research analysts have also recently commented on NGT. Scotiabank cut Newmont from a "strong-buy" rating to a "hold" rating in a report on Friday, October 25th. Argus raised Newmont from a "hold" rating to a "strong-buy" rating in a research report on Thursday, August 29th. UBS Group cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, October 30th. Finally, Cibc World Mkts cut shares of Newmont from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and two have given a strong buy rating to the stock. According to MarketBeat, Newmont has an average rating of "Moderate Buy" and an average price target of C$68.00.
Check Out Our Latest Stock Analysis on Newmont
Newmont Price Performance
The company has a fifty day moving average price of C$71.72 and a 200 day moving average price of C$64.71. The stock has a market cap of C$72.01 billion, a PE ratio of -16.50, 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 quick ratio of 1.77 and a current ratio of 2.11. Newmont has a one year low of C$39.96 and a one year high of C$81.16.
Newmont Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Wednesday, November 27th will be given a $0.338 dividend. This represents a $1.35 annualized dividend and a yield of ∞. The ex-dividend date is Wednesday, November 27th. Newmont's dividend 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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