Raymond James Has Bullish Forecast for Newmont Q1 Earnings

Newmont Co. (TSE:NGT) – Investment analysts at Raymond James raised their Q1 2025 EPS estimates for Newmont in a research note issued on Tuesday, April 1st. Raymond James analyst B. Macarthur now forecasts that the company will earn $1.16 per share for the quarter, up from their previous forecast of $0.75. 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 $1.16 EPS, Q2 2025 earnings at $0.80 EPS, Q2 2025 earnings at $0.80 EPS, Q3 2025 earnings at $0.84 EPS, Q3 2025 earnings at $0.84 EPS, Q4 2025 earnings at $0.99 EPS, Q4 2025 earnings at $0.99 EPS, FY2025 earnings at $3.79 EPS and FY2025 earnings at $3.79 EPS.

NGT has been the subject of a number of other research reports. National Bankshares lifted their target price on shares of Newmont from C$75.00 to C$80.00 and gave the company a “sector perform” rating in a research note on Wednesday, March 19th. National Bank Financial upgraded shares of Newmont to a “hold” rating in a research report on Friday, March 21st. Citigroup dropped their target price on shares of 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. Finally, The Goldman Sachs Group raised shares of Newmont to a “strong-buy” rating in a research note on Monday, January 13th. Six investment analysts have rated the stock with a hold rating, one has given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, Newmont presently has a consensus rating of “Moderate Buy” and a consensus target price of C$62.50.

Newmont Trading Down 7.5 %

Shares of NGT stock opened at C$63.00 on Friday. The company has a quick ratio of 1.77, a current ratio of 1.96 and a debt-to-equity ratio of 30.62. The company has a market capitalization of C$50.11 billion, a P/E ratio of -41.62, a P/E/G ratio of 1.43 and a beta of 0.51. Newmont has a 12-month low of C$50.27 and a 12-month high of C$81.16. The firm has a 50-day moving average price of C$64.97 and a 200 day moving average price of C$64.06.

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.