National Bank Financial Forecasts Newmont FY2025 Earnings

Newmont Co. (TSE:NGT - Free Report) - Stock analysts at National Bank Financial increased their FY2025 earnings per share (EPS) estimates for shares of Newmont in a research report issued to clients and investors 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 previous forecast of $6.34. National Bank Financial 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 FY2025 earnings at $7.12 EPS and FY2026 earnings at $8.89 EPS.

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

Newmont Stock Performance

TSE NGT traded up C$0.46 during trading hours on Friday, hitting C$80.16. The company's stock had a trading volume of 16,333 shares, compared to its average volume of 228,857. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. Newmont has a 12 month low of C$53.03 and a 12 month high of C$83.74. The company has a market cap of C$63.76 billion, a P/E ratio of -52.96, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company's 50 day simple moving average is C$76.47 and its two-hundred day simple moving average is C$69.37.

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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