What is Raymond James' Forecast for Newmont FY2025 Earnings?

Newmont Co. (TSE:NGT - Free Report) - Investment analysts at Raymond James increased their FY2025 earnings per share (EPS) estimates for shares of Newmont in a note issued to investors on Friday, April 25th. Raymond James analyst B. Macarthur now expects that the company will earn $6.30 per share for the year, up from their prior forecast of $6.06. The consensus estimate for Newmont's current full-year earnings is $5.51 per share. Raymond James also issued estimates for Newmont's FY2026 earnings at $6.10 EPS.

A number of other analysts also recently commented on the stock. Cfra Research upgraded shares of Newmont to a "strong-buy" rating in a report on Friday, April 25th. BMO Capital Markets raised Newmont to a "strong-buy" rating in a research note on Tuesday, April 15th. UBS Group raised shares of Newmont from a "hold" rating to a "strong-buy" rating in a research report on Friday, April 11th. National Bankshares raised their target price on shares of Newmont from C$75.00 to C$80.00 and gave the company a "sector perform" rating in a research note on Wednesday, March 19th. Finally, National Bank Financial raised Newmont to a "hold" rating in a research report on Friday, March 21st. Five investment analysts have rated the stock with a hold rating, one has issued a buy rating and six have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of C$62.50.

Newmont Price Performance

Shares of Newmont stock traded down C$0.69 on Monday, hitting C$72.60. The company had a trading volume of 232,900 shares, compared to its average volume of 233,925. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. The company has a market cap of C$57.75 billion, a PE ratio of -47.97, a PEG ratio of 1.43 and a beta of 0.51. The business has a 50-day simple moving average of C$68.22 and a 200-day simple moving average of C$64.04. Newmont has a 52 week low of C$53.03 and a 52 week high of C$81.16.

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.