FY2024 Earnings Estimate for Newmont Issued By Raymond James

Newmont Co. (TSE:NGT) – Analysts at Raymond James lowered their FY2024 earnings estimates for shares of Newmont in a research report issued to clients and investors on Sunday, October 27th. Raymond James analyst B. Macarthur now anticipates that the company will earn $4.17 per share for the year, down from their previous forecast of $4.18. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Raymond James also issued estimates for Newmont’s Q2 2025 earnings at $1.21 EPS, Q3 2025 earnings at $1.21 EPS, Q4 2025 earnings at $1.24 EPS and FY2025 earnings at $4.87 EPS.

Several other equities research analysts have also issued reports on NGT. Argus raised shares of Newmont from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 29th. Cibc World Mkts lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Scotiabank lowered shares of Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of C$68.00.

Newmont Trading Down 2.0 %

NGT stock opened at C$65.23 on Wednesday. The company’s 50-day simple moving average is C$72.44 and its 200-day simple moving average is C$64.36. 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 has a 52-week low of C$39.96 and a 52-week high of C$81.16. The firm has a market cap of C$75.01 billion, a P/E ratio of -17.21, a PEG ratio of 1.43 and a beta of 0.51.

Newmont (TSE:NGT) last posted its earnings results on Wednesday, October 23rd. The company reported C$1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.07 by C$0.04. Newmont had a negative net margin of 13.29% and a negative return on equity of 8.09%. The business had revenue of C$6.28 billion for the quarter, compared to analyst estimates of C$5.79 billion.

Newmont Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.338 per share. This represents a $1.35 annualized dividend and a dividend yield of 2.07%. The ex-dividend date of this dividend is Wednesday, November 27th. Newmont’s dividend payout ratio is currently -35.62%.

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.