Raymond James Has Negative Outlook for Newmont Q4 Earnings

Newmont Co. (TSE:NGT) – Stock analysts at Raymond James decreased their Q4 2024 EPS estimates for shares of Newmont in a research report issued to clients and investors on Monday, January 27th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $1.20 for the quarter, down from their previous forecast of $1.21. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Raymond James also issued estimates for Newmont’s Q2 2025 earnings at $1.11 EPS and Q4 2025 earnings at $1.08 EPS.

NGT has been the topic of several other research reports. The Goldman Sachs Group raised Newmont to a “strong-buy” rating in a report on Monday, January 13th. Scotiabank lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. CLSA raised shares of Newmont to a “hold” rating in a report on Friday, November 29th. UBS Group downgraded shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Citigroup reduced their target price on Newmont from C$66.00 to C$45.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Newmont has a consensus rating of “Moderate Buy” and a consensus target price of C$56.50.

Newmont Trading Down 0.8 %

Newmont stock opened at C$59.77 on Tuesday. Newmont has a fifty-two week low of C$39.96 and a fifty-two week high of C$81.16. The firm’s fifty day moving average price is C$57.45 and its 200-day moving average price is C$64.95. The company has a debt-to-equity ratio of 31.20, a quick ratio of 1.77 and a current ratio of 2.11. The stock has a market cap of C$68.74 billion, a P/E ratio of -15.77, a PEG 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.