Raymond James Analysts Cut Earnings Estimates for Newmont Co. (TSE:NGT)

Newmont Co. (TSE:NGT - Free Report) - Raymond James dropped their Q2 2024 earnings per share (EPS) estimates for shares of Newmont in a note issued to investors on Tuesday, April 16th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $0.48 for the quarter, down from their prior forecast of $0.50. The consensus estimate for Newmont's current full-year earnings is $3.48 per share. Raymond James also issued estimates for Newmont's Q4 2024 earnings at $0.72 EPS.

Newmont (TSE:NGT - Get Free Report) last announced its earnings results on Thursday, February 22nd. The company reported C$0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.70 by C($0.02). The business had revenue of C$5.39 billion for the quarter, compared to analysts' expectations of C$4.37 billion. Newmont had a negative net margin of 21.11% and a negative return on equity of 10.23%.

NGT has been the topic of a number of other research reports. National Bank Financial restated an "outperform overweight" rating on shares of Newmont in a report on Monday, April 8th. National Bankshares decreased their price objective on Newmont from C$65.00 to C$64.00 and set an "outperform" rating on the stock in a report on Tuesday, February 6th.

Newmont Price Performance

NGT stock traded down C$0.02 during midday trading on Thursday, reaching C$53.06. The stock had a trading volume of 135,831 shares, compared to its average volume of 245,094. The company's fifty day simple moving average is C$47.08 and its 200 day simple moving average is C$49.91. The company has a current ratio of 1.25, a quick ratio of 1.77 and a debt-to-equity ratio of 32.67. The company has a market cap of C$61.02 billion, a price-to-earnings ratio of -12.91, a price-to-earnings-growth ratio of 0.78 and a beta of 0.54. Newmont has a 52-week low of C$39.96 and a 52-week high of C$68.15.

Newmont Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, March 5th were paid a $0.336 dividend. This represents a $1.34 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend was Monday, March 4th. Newmont's dividend payout ratio (DPR) is presently -33.09%.

Newmont Company Profile

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.