What is Scotiabank’s Estimate for Newmont FY2025 Earnings?

Newmont Co. (TSE:NGT) – Research analysts at Scotiabank cut their FY2025 earnings per share (EPS) estimates for shares of Newmont in a report released on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now forecasts that the company will earn $4.09 per share for the year, down from their previous estimate 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.

Several other research firms have also issued reports on NGT. National Bank Financial upgraded shares of Newmont to a “hold” rating in a research report on Friday, March 21st. The Goldman Sachs Group upgraded Newmont to a “strong-buy” rating in a research report on Monday, January 13th. National Bankshares lifted their price target on Newmont from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 19th. Citigroup dropped their price objective on Newmont from C$66.00 to C$45.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Finally, CLSA raised shares of Newmont to a “hold” rating in a research note on Friday, November 29th. Six investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$62.50.

Newmont Price Performance

Shares of Newmont stock opened at C$67.90 on Monday. The company has a debt-to-equity ratio of 30.62, a quick ratio of 1.77 and a current ratio of 1.96. Newmont has a 52-week low of C$46.19 and a 52-week high of C$81.16. The company has a fifty day moving average of C$63.69 and a 200-day moving average of C$64.13. The stock has a market capitalization of C$54.01 billion, a price-to-earnings ratio of -44.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

About Newmont

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.