National Bank Financial Estimates Newmont FY2024 Earnings

Newmont Co. (TSE:NGT) – Research analysts at National Bank Financial boosted their FY2024 earnings estimates for shares of Newmont in a research report issued on Monday, February 10th. National Bank Financial analyst M. Parkin now anticipates that the company will earn $4.89 per share for the year, up from their previous forecast 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.

NGT has been the subject of several other reports. Scotiabank cut Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. UBS Group downgraded Newmont from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. The Goldman Sachs Group upgraded shares of Newmont to a “strong-buy” rating in a research note on Monday, January 13th. Citigroup dropped their price objective 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, Cibc World Mkts downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$56.50.

Newmont Trading Down 2.2 %

Shares of TSE:NGT opened at C$65.01 on Wednesday. Newmont has a 12-month low of C$39.96 and a 12-month high of C$81.16. The business has a 50 day moving average of C$58.19 and a 200-day moving average of C$64.81. The company has a quick ratio of 1.77, a current ratio of 2.11 and a debt-to-equity ratio of 31.20. The stock has a market cap of C$74.76 billion, a PE ratio of -17.15, a P/E/G ratio of 1.43 and a beta of 0.51.

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.