National Bank Financial Estimates Newmont FY2024 Earnings

Newmont Co. (TSE:NGT) – National Bank Financial lifted their FY2024 earnings per share estimates for shares of Newmont in a report released on Monday, February 10th. National Bank Financial analyst M. Parkin now forecasts that the company will earn $4.89 per share for the year, up from their previous estimate of $4.54. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. National Bank Financial also issued estimates for Newmont’s FY2025 earnings at $6.41 EPS.

Other analysts also recently issued research reports about the company. UBS Group downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Citigroup decreased their target price on Newmont from C$66.00 to C$45.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. The Goldman Sachs Group upgraded Newmont to a “strong-buy” rating in a research note on Monday, January 13th. Scotiabank cut Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Finally, Cibc World Mkts lowered Newmont from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$56.50.

Newmont Stock Performance

NGT opened at C$66.86 on Wednesday. The company has a market cap of C$76.89 billion, a PE ratio of -17.64, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The stock has a 50-day moving average of C$58.34 and a 200-day moving average of C$64.80. Newmont has a 52-week low of C$39.96 and a 52-week high of C$81.16. The company has a debt-to-equity ratio of 31.20, a quick ratio of 1.77 and a current ratio of 2.11.

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.