Raymond James Weighs in on Newmont’s Q4 Earnings (TSE:NGT)

Newmont Co. (TSE:NGT) – Stock analysts at Raymond James dropped their Q4 2024 EPS estimates for shares of Newmont in a research note issued on Monday, January 27th. Raymond James analyst B. Macarthur now forecasts that the company will post earnings per share of $1.20 for the quarter, down from their prior estimate of $1.21. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Raymond James also issued estimates for Newmont’s Q2 2025 earnings at $1.11 EPS and Q4 2025 earnings at $1.08 EPS.

Other equities research analysts have also recently issued research reports about the company. Scotiabank cut Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. The Goldman Sachs Group upgraded shares of Newmont to a “strong-buy” rating in a report on Monday, January 13th. Cibc World Mkts lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 28th. Citigroup reduced their price target on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Finally, CLSA raised shares of Newmont to a “hold” rating in a research report on Friday, November 29th. Five analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$56.50.

Newmont Price Performance

NGT stock opened at C$59.53 on Tuesday. Newmont has a 1 year low of C$39.96 and a 1 year high of C$81.16. The firm has a market capitalization of C$68.46 billion, a PE ratio of -15.71, 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 current ratio of 2.11 and a quick ratio of 1.77. The business has a 50 day simple moving average of C$57.50 and a 200-day simple moving average of C$64.95.

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.