Newmont Co. Expected to Earn Q1 2024 Earnings of $0.48 Per Share (TSE:NGT)

Newmont Co. (TSE:NGT - Free Report) - Research analysts at Raymond James lifted their Q1 2024 EPS estimates for shares of Newmont in a note issued to investors on Tuesday, April 16th. Raymond James analyst B. Macarthur now anticipates that the company will earn $0.48 per share for the quarter, up from their previous forecast of $0.46. The consensus estimate for Newmont's current full-year earnings is $3.48 per share. Raymond James also issued estimates for Newmont's Q3 2024 earnings at $0.68 EPS and FY2024 earnings at $2.36 EPS.

Several other equities research analysts have also recently commented on the stock. National Bank Financial reaffirmed an "outperform overweight" rating on shares of Newmont in a research report on Monday, April 8th. National Bankshares dropped their target price on shares of Newmont from C$71.00 to C$69.00 and set an "outperform" rating for the company in a research report on Friday.

Newmont Trading Up 1.2 %

Shares of TSE:NGT traded up C$0.63 on Friday, hitting C$53.69. The company had a trading volume of 156,150 shares, compared to its average volume of 243,941. The firm's 50-day simple moving average is C$47.27 and its two-hundred day simple moving average is C$49.95. Newmont has a 1 year low of C$39.96 and a 1 year high of C$68.15. The company has a quick ratio of 1.77, a current ratio of 1.25 and a debt-to-equity ratio of 32.67. The firm has a market capitalization of C$61.74 billion, a price-to-earnings ratio of -13.06, a P/E/G ratio of 0.78 and a beta of 0.54.

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

Newmont Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Tuesday, March 5th were paid a $0.336 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $1.34 annualized dividend and a dividend yield of 2.50%. Newmont's payout ratio is -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.