Newmont FY2025 EPS Boosted by National Bank Financial

Newmont Co. (TSE:NGT - Free Report) - Equities researchers at National Bank Financial increased their FY2025 EPS estimates for Newmont in a report issued on Tuesday, July 15th. National Bank Financial analyst S. Nagle now forecasts that the company will earn $7.12 per share for the year, up from their prior estimate of $6.34. The consensus estimate for Newmont's current full-year earnings is $5.51 per share. National Bank Financial also issued estimates for Newmont's FY2025 earnings at $7.12 EPS and FY2026 earnings at $8.89 EPS.

Several other research firms have also issued reports on NGT. BMO Capital Markets raised Newmont to a "strong-buy" rating in a report on Tuesday, April 15th. UBS Group raised Newmont from a "hold" rating to a "strong-buy" rating in a report on Friday, April 11th. Stifel Canada raised Newmont to a "strong-buy" rating in a report on Tuesday, July 8th. The Goldman Sachs Group lowered Newmont from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 8th. Finally, Cfra Research raised Newmont to a "strong-buy" rating in a report on Friday, April 25th. Six investment analysts have rated the stock with a hold rating, one has issued a buy rating and five have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of C$62.50.

Newmont Stock Up 2.6%

TSE:NGT traded up C$2.06 during trading hours on Friday, reaching C$81.92. 269,348 shares of the stock were exchanged, compared to its average volume of 230,238. Newmont has a twelve month low of C$53.03 and a twelve month high of C$83.74. The stock has a market cap of C$65.16 billion, a PE ratio of -54.12, a PEG ratio of 1.43 and a beta of 0.51. 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 firm has a 50 day moving average of C$76.56 and a 200 day moving average of C$69.77.

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.