National Bank Financial Predicts Higher Earnings for Newmont

Key Points

• National Bank Financial has raised its FY2026 earnings per share (EPS) estimate for Newmont from $10.05 to $10.54, maintaining a "Strong-Buy" rating on the stock.
• Despite positive estimates from some analysts, Macquarie downgraded Newmont to a "hold" rating while Royal Bank Of Canada upgraded it to a "moderate buy." Currently, there is a consensus rating of "Moderate Buy".
• Newmont shares are currently trading at C$116.00 with a market cap of C$127.42 billion, although the stock has seen a 1.1% decrease recently.

Newmont Co. (TSE:NGT - Free Report) - Equities researchers at National Bank Financial raised their FY2026 EPS estimates for shares of Newmont in a research report issued on Tuesday, September 23rd. National Bank Financial analyst S. Nagle now anticipates that the company will post earnings per share of $10.54 for the year, up from their prior forecast of $10.05. National Bank Financial currently has a "Strong-Buy" rating on the stock. The consensus estimate for Newmont's current full-year earnings is $5.51 per share.

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

Newmont Stock Down 1.1%

Shares of TSE:NGT opened at C$116.00 on Thursday. The company has a market cap of C$127.42 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 1.43 and a beta of 0.90. Newmont has a 12 month low of C$53.03 and a 12 month high of C$119.73. The company has a current ratio of 1.96, a quick ratio of 1.77 and a debt-to-equity ratio of 30.62. The company has a 50-day moving average price of C$97.77 and a 200 day moving average price of C$81.85.

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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