Equities Analysts Issue Forecasts for Newmont Q4 Earnings

Newmont Co. (TSE:NGT) – Investment analysts at National Bank Financial issued their Q4 2024 earnings estimates for shares of Newmont in a report released on Monday, February 10th. National Bank Financial analyst M. Parkin anticipates that the company will earn $1.93 per share for the quarter. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share.

Other analysts have also issued reports about the stock. UBS Group lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. The Goldman Sachs Group upgraded Newmont to a “strong-buy” rating in a report on Monday, January 13th. CLSA raised Newmont to a “hold” rating in a research note on Friday, November 29th. Citigroup dropped their price target on Newmont from C$66.00 to C$45.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. Finally, Scotiabank cut shares of Newmont from a “strong-buy” rating to a “hold” rating in a report on Friday, October 25th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$56.50.

Newmont Price Performance

Shares of Newmont stock opened at C$66.86 on Thursday. The company’s fifty day simple moving average is C$58.51 and its two-hundred day simple moving average is C$64.83. Newmont has a 12-month low of C$39.96 and a 12-month high of C$81.16. The firm has a market cap of C$76.89 billion, a PE ratio of -17.64, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a quick ratio of 1.77, a current ratio of 2.11 and a debt-to-equity ratio of 31.20.

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.