FY2025 Earnings Estimate for Newmont Issued By Raymond James

Newmont Co. (TSE:NGT) – Equities researchers at Raymond James dropped their FY2025 earnings per share (EPS) estimates for Newmont in a research report issued to clients and investors on Monday, December 9th. Raymond James analyst B. Macarthur now anticipates that the company will post earnings of $4.37 per share for the year, down from their prior forecast of $4.38. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share.

NGT has been the subject of a number of other reports. Cibc World Mkts downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Argus upgraded shares of Newmont from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 29th. UBS Group lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 30th. CLSA upgraded shares of Newmont to a “hold” rating in a report on Friday, November 29th. Finally, Scotiabank cut Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Five research analysts have rated the stock with a hold rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$68.00.

Newmont Trading Up 2.1 %

TSE:NGT opened at C$60.00 on Wednesday. The stock has a market cap of C$69 billion, a price-to-earnings ratio of -15.51, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. 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 business’s 50-day simple moving average is C$65.82 and its 200 day simple moving average is C$65.09. Newmont has a one year low of C$39.96 and a one year high of C$81.16.

Newmont (TSE:NGT) last announced its quarterly earnings results on Wednesday, October 23rd. The company reported C$1.11 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.07 by C$0.04. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%. The firm had revenue of C$6.28 billion for the quarter, compared to analysts’ expectations of C$5.79 billion.

Newmont Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th will be paid a $0.338 dividend. This represents a $1.35 dividend on an annualized basis and a dividend yield of 2.25%. The ex-dividend date of this dividend is Wednesday, November 27th. Newmont’s payout ratio is -35.62%.

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.