FY2024 Earnings Estimate for Newmont Issued By Raymond James

Newmont Co. (TSE:NGT) – Equities researchers at Raymond James lifted their FY2024 earnings per share estimates for shares of Newmont in a research report issued to clients and investors on Monday, January 27th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $4.19 per share for the year, up from their prior estimate of $4.08. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Raymond James also issued estimates for Newmont’s Q1 2025 earnings at $1.15 EPS, Q3 2025 earnings at $1.07 EPS and FY2025 earnings at $4.39 EPS.

Other equities analysts have also issued reports about the company. CLSA raised Newmont to a “hold” rating in a report on Friday, November 29th. Cibc World Mkts lowered Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Scotiabank downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Citigroup reduced their price target on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating for the company in a research report on Monday, December 23rd. Finally, UBS Group lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$56.50.

Newmont Trading Down 0.4 %

TSE:NGT opened at C$59.53 on Wednesday. Newmont has a 52 week low of C$39.96 and a 52 week high of C$81.16. The firm has a 50-day moving average price of C$57.50 and a two-hundred day moving average price of C$64.95. The company has a debt-to-equity ratio of 31.20, a quick ratio of 1.77 and a current ratio of 2.11. The firm has a market cap of C$68.46 billion, a price-to-earnings ratio of -15.71, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

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.