Scotiabank Has Negative Outlook of Newmont FY2025 Earnings

Newmont Co. (TSE:NGT) – Equities researchers at Scotiabank decreased their FY2025 earnings per share estimates for shares of Newmont in a research note issued to investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $4.09 per share for the year, down from their previous estimate of $4.85. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Scotiabank also issued estimates for Newmont’s FY2026 earnings at $3.69 EPS.

Other analysts also recently issued reports about the stock. National Bankshares upped their target price on shares of Newmont from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a research report on Wednesday, March 19th. The Goldman Sachs Group upgraded shares of Newmont to a “strong-buy” rating in a report on Monday, January 13th. Citigroup lowered 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 report on Monday, December 23rd. National Bank Financial upgraded Newmont to a “hold” rating in a research note on Friday, March 21st. Finally, CLSA upgraded Newmont to a “hold” rating in a research note on Friday, November 29th. Six research analysts have rated the stock with a hold rating, one has assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of C$62.50.

Newmont Price Performance

NGT opened at C$67.90 on Monday. The company has a current ratio of 1.96, a quick ratio of 1.77 and a debt-to-equity ratio of 30.62. The company has a market cap of C$54.01 billion, a price-to-earnings ratio of -44.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The stock has a fifty day simple moving average of C$63.69 and a two-hundred day simple moving average of C$64.13. Newmont has a 12-month low of C$46.19 and a 12-month high of C$81.16.

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.