FY2025 Earnings Forecast for Newmont Co. (TSE:NGT) Issued By National Bank Financial

Newmont Co. (TSE:NGT) – Stock analysts at National Bank Financial boosted their FY2025 earnings per share estimates for shares of Newmont in a report issued on Tuesday, July 16th. National Bank Financial analyst M. Parkin now anticipates that the company will post earnings of $4.34 per share for the year, up from their previous estimate of $3.79. National Bank Financial currently has a “Sector Perform Overweight” rating on the stock. The consensus estimate for Newmont’s current full-year earnings is $4.52 per share.

Several other research firms have also recently issued reports on NGT. UBS Group upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 17th. BNP Paribas upgraded Newmont to a “strong-buy” rating in a research report on Friday, June 21st. Cibc World Mkts upgraded Newmont from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Finally, National Bankshares upped their price target on Newmont from C$67.00 to C$68.00 and gave the stock a “sector perform” rating in a report on Monday, June 10th. Two analysts have rated the stock with a hold rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$59.00.

Newmont Stock Performance

TSE NGT opened at C$64.60 on Friday. The company has a current ratio of 2.15, a quick ratio of 1.77 and a debt-to-equity ratio of 32.56. The business’s 50 day moving average is C$58.79 and its two-hundred day moving average is C$52.41. Newmont has a 12-month low of C$39.96 and a 12-month high of C$66.91. The stock has a market capitalization of C$74.29 billion, a price-to-earnings ratio of -14.45, a PEG ratio of 0.78 and a beta of 0.49.

Newmont (TSE:NGT) last posted its quarterly earnings data on Thursday, April 25th. The company reported C$0.74 EPS for the quarter, beating the consensus estimate of C$0.48 by C$0.26. The firm had revenue of C$5.42 billion during the quarter, compared to the consensus estimate of C$4.59 billion. Newmont had a negative return on equity of 10.98% and a negative net margin of 20.33%.

Newmont Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 27th. Investors of record on Tuesday, June 4th were given a $0.338 dividend. This is a positive change from Newmont’s previous quarterly dividend of $0.34. This represents a $1.35 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend was Tuesday, June 4th. Newmont’s dividend payout ratio (DPR) is -30.65%.

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.