Newmont Co. (TSE:NGT - Free Report) - National Bank Financial cut their FY2026 earnings per share estimates for Newmont in a report issued on Thursday, April 24th. National Bank Financial analyst S. Nagle now forecasts that the company will post earnings of $7.44 per share for the year, down from their prior forecast of $7.60. National Bank Financial currently has a "Hold" rating on the stock. The consensus estimate for Newmont's current full-year earnings is $5.51 per share. National Bank Financial also issued estimates for Newmont's FY2027 earnings at $7.55 EPS.
Several other analysts have also weighed in on NGT. UBS Group raised Newmont from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Cfra Research upgraded shares of Newmont to a "strong-buy" rating in a research report on Friday, April 25th. BMO Capital Markets raised shares of Newmont to a "strong-buy" rating in a research note on Tuesday, April 15th. The Goldman Sachs Group raised Newmont to a "strong-buy" rating in a research report on Monday, January 13th. Finally, National Bankshares lifted 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 note on Wednesday, March 19th. Five analysts have rated the stock with a hold rating, one has given a buy rating and six have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of C$62.50.
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Newmont Price Performance
Shares of NGT traded down C$0.69 during trading hours on Monday, reaching 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 market capitalization of C$57.75 billion, a price-to-earnings ratio of -47.97, a PEG ratio of 1.43 and a beta of 0.51. Newmont has a 12-month low of C$53.03 and a 12-month high of C$81.16. The firm has a 50 day simple moving average of C$68.22 and a 200-day simple moving average of C$64.04. The company has a current ratio of 1.96, a quick ratio of 1.77 and a debt-to-equity ratio of 30.62.
About Newmont
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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.
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