FY2024 EPS Estimates for Newmont Co. (TSE:NGT) Raised by Analyst

Newmont Co. (TSE:NGT - Free Report) - Equities research analysts at Raymond James boosted their FY2024 EPS estimates for Newmont in a research note issued on Friday, April 26th. Raymond James analyst B. Macarthur now expects that the company will post earnings per share of $3.54 for the year, up from their prior estimate of $3.51. The consensus estimate for Newmont's current full-year earnings is $3.48 per share. Raymond James also issued estimates for Newmont's Q1 2025 earnings at $0.73 EPS, Q2 2025 earnings at $0.80 EPS, Q4 2025 earnings at $0.84 EPS and FY2025 earnings at $3.18 EPS.

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

Several other equities research analysts also recently issued reports on the company. National Bankshares decreased their price target on Newmont from C$71.00 to C$69.00 and set an "outperform" rating for the company in a report on Friday, April 19th. National Bank Financial reiterated an "outperform overweight" rating on shares of Newmont in a research note on Monday, April 8th.

Newmont Stock Down 1.0 %

Shares of Newmont stock traded down C$0.61 on Monday, hitting C$57.77. The company had a trading volume of 295,398 shares, compared to its average volume of 254,671. The stock has a market capitalization of C$66.44 billion, a price-to-earnings ratio of -14.06, a P/E/G ratio of 0.78 and a beta of 0.54. The company has a debt-to-equity ratio of 32.67, a quick ratio of 1.77 and a current ratio of 1.25. Newmont has a 1 year low of C$39.96 and a 1 year high of C$68.15. The stock has a 50 day moving average of C$48.56 and a 200-day moving average of C$50.11.

Newmont Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 27th. Shareholders of record on Tuesday, June 4th will be given a dividend of $0.338 per share. The ex-dividend date of this dividend is Tuesday, June 4th. This represents a $1.35 annualized dividend and a dividend yield of 2.34%. This is a boost from Newmont's previous quarterly dividend of $0.34. Newmont's dividend payout ratio (DPR) is currently -33.09%.

About Newmont

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.