Brokers Issue Forecasts for Newmont's Q1 Earnings (TSE:NGT)

Key Points

• Zacks Research has increased its Q1 2027 earnings per share estimate for Newmont to $1.58, up from a previous estimate of $1.39, while the full-year consensus earnings estimate stands at $5.51.
• Multiple analysts have changed their ratings on Newmont, with Goldman Sachs downgrading it to "hold," while others, including Cfra Research and UBS Group, upgraded it to a "strong-buy," indicating a positive shift in analyst sentiment.
• This shift has resulted in a current consensus rating of "Buy" for Newmont stock, with an average price target of C$62.50, reflecting confidence in the company's future performance.

Newmont Co. (TSE:NGT - Free Report) - Stock analysts at Zacks Research boosted their Q1 2027 earnings per share (EPS) estimates for Newmont in a research report issued to clients and investors on Wednesday, August 6th. Zacks Research analyst A. Barman now forecasts that the company will earn $1.58 per share for the quarter, up from their prior forecast of $1.39. 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 company. The Goldman Sachs Group cut Newmont from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 8th. Cfra Research raised Newmont to a "strong-buy" rating in a research report on Friday, April 25th. UBS Group raised Newmont from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. National Bank Financial raised Newmont from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 25th. Finally, Stifel Canada raised Newmont to a "strong-buy" rating in a research report on Tuesday, July 8th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and six have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$62.50.

Newmont Stock Up 0.7%

NGT traded up C$0.66 during trading on Friday, reaching C$95.53. The stock had a trading volume of 124,292 shares, compared to its average volume of 235,105. Newmont has a one year low of C$53.03 and a one year high of C$96.62. 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 stock's 50 day moving average is C$81.00 and its two-hundred day moving average is C$72.51. The company has a market capitalization of C$75.99 billion, a price-to-earnings ratio of -63.12, a P/E/G ratio of 1.43 and a beta of 0.51.

Newmont Company Profile

Newmont Corp is primarily a gold producer with operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. It is also engaged in the production of copper, silver, lead and zinc. The company's operations are organized in five geographic regions: North America, South America, Australia, Africa and Nevada.

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