Research Analysts Set Expectations for Newmont Q4 Earnings

Newmont Co. (TSE:NGT) – Analysts at National Bank Financial issued their Q4 2024 EPS estimates for shares of Newmont in a research note issued to investors on Monday, February 10th. National Bank Financial analyst M. Parkin expects that the company will post earnings of $1.93 per share for the quarter. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share.

Other equities research analysts have also recently issued reports about the stock. Citigroup decreased their price target on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating for the company in a report on Monday, December 23rd. Scotiabank cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Cibc World Mkts cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. UBS Group cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, CLSA upgraded shares of Newmont to a “hold” rating in a research note on Friday, November 29th. Five equities research 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$56.50.

Newmont Stock Up 1.4 %

NGT stock opened at C$67.78 on Thursday. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. Newmont has a 52-week low of C$39.96 and a 52-week high of C$81.16. The company has a 50-day moving average of C$58.51 and a two-hundred day moving average of C$64.83. The stock has a market capitalization of C$53.92 billion, a price-to-earnings ratio of -44.78, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51.

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.