Newmont FY2024 EPS Increased by National Bank Financial

Newmont Co. (TSE:NGT) – Investment analysts at National Bank Financial lifted their FY2024 EPS estimates for shares of Newmont in a report issued on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings of $4.89 per share for the year, up from their previous 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.

Several other research firms have also recently commented on NGT. Cibc World Mkts cut Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Scotiabank lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. The Goldman Sachs Group raised shares of Newmont to a “strong-buy” rating in a research report on Monday, January 13th. UBS Group lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, CLSA upgraded shares of Newmont to a “hold” rating in a research note on Friday, November 29th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$56.50.

Newmont Stock Performance

NGT opened at C$65.01 on Wednesday. The company has a market capitalization of C$74.76 billion, a price-to-earnings ratio of -17.15, a P/E/G ratio of 1.43 and a beta of 0.51. The business’s 50-day moving average price is C$58.19 and its two-hundred day moving average price is C$64.81. Newmont has a 1 year low of C$39.96 and a 1 year high of C$81.16. The company has a debt-to-equity ratio of 31.20, a current ratio of 2.11 and a quick ratio of 1.77.

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.