Zacks Research Analysts Raise Earnings Estimates for Newmont

Newmont Co. (TSE:NGT) – Research analysts at Zacks Research lifted their Q1 2025 EPS estimates for shares of Newmont in a research note issued on Friday, October 18th. Zacks Research analyst A. Barman now expects that the company will post earnings of $0.90 per share for the quarter, up from their prior estimate of $0.76. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share.

NGT has been the subject of several other research reports. Cibc World Mkts upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 10th. Scotiabank raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a report on Monday, August 19th. Finally, Argus raised Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. One analyst has rated the stock with a hold rating and five have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Strong Buy” and a consensus target price of C$68.00.

Newmont Price Performance

TSE:NGT opened at C$79.54 on Monday. The business’s 50-day moving average is C$71.90 and its 200 day moving average is C$63.39. Newmont has a 12 month low of C$39.96 and a 12 month high of C$80.03. The company has a market capitalization of C$91.47 billion, a P/E ratio of -20.99, a P/E/G ratio of 1.43 and a beta of 0.51. The company has a current ratio of 2.11, a quick ratio of 1.77 and a debt-to-equity ratio of 31.20.

Newmont (TSE:NGT) last released its earnings results on Wednesday, July 24th. The company reported C$0.99 EPS for the quarter, topping the consensus estimate of C$0.72 by C$0.27. The firm had revenue of C$6.02 billion for the quarter, compared to the consensus estimate of C$4.79 billion. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%.

Newmont Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 5th were paid a $0.342 dividend. The ex-dividend date was Thursday, September 5th. This is a positive change from Newmont’s previous quarterly dividend of $0.34. This represents a $1.37 dividend on an annualized basis and a yield of 1.72%. Newmont’s dividend payout ratio is -35.62%.

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.