National Bank Financial Cuts Earnings Estimates for Newmont

Key Points

• National Bank Financial has revised Newmont's FY2025 earnings per share estimate down to $8.24, a decrease from the previous estimate of $8.35, while maintaining a "Strong-Buy" rating on the stock.
• Several analysts have recently adjusted their ratings for Newmont, with Stifel Canada maintaining a "strong-buy" rating while Macquarie and Goldman Sachs downgraded their ratings to "hold."
• Newmont's current stock price is C$116.00, with a market cap of C$127.42 billion and a consensus price target of C$85.00, according to market analysts.

Newmont Co. (TSE:NGT - Free Report) - Equities research analysts at National Bank Financial lowered their FY2025 earnings per share (EPS) estimates for shares of Newmont in a research note issued to investors on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings of $8.24 per share for the year, down from their prior estimate of $8.35. National Bank Financial has a "Strong-Buy" rating on the stock. The consensus estimate for Newmont's current full-year earnings is $5.51 per share.

Several other research analysts have also recently weighed in on NGT. Stifel Canada raised shares of Newmont to a "strong-buy" rating in a report on Tuesday, July 8th. Macquarie cut Newmont from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 2nd. The Goldman Sachs Group cut Newmont from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 8th. National Bankshares increased their target price on Newmont from C$110.00 to C$125.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Royal Bank Of Canada upgraded shares of Newmont from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, September 10th. Five analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$85.00.

Newmont Trading Down 1.1%

Newmont stock opened at C$116.00 on Friday. The stock has a market cap of C$127.42 billion, a P/E ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90. Newmont has a fifty-two week low of C$53.03 and a fifty-two week high of C$119.73. The firm's fifty day moving average price is C$98.50 and its 200-day moving average price is C$82.23. The company has a debt-to-equity ratio of 30.62, a quick ratio of 1.77 and a current ratio of 1.96.

About Newmont

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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