National Bank Financial Forecasts Newmont Q4 Earnings

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

Several other research firms have also recently weighed in on NGT. Cibc World Mkts cut Newmont from a “strong-buy” rating to a “hold” rating in a report on Monday, October 28th. Citigroup lowered their price objective 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. Scotiabank lowered Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. CLSA raised Newmont to a “hold” rating in a research note on Friday, November 29th. Finally, UBS Group lowered Newmont from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Five investment analysts have rated the stock with a hold rating, one has given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$56.50.

Newmont Stock Performance

TSE NGT opened at C$65.97 on Thursday. The stock has a market capitalization of C$52.48 billion, a PE ratio of -43.59, a P/E/G ratio of 1.43 and a beta of 0.51. The business has a 50 day simple moving average of C$58.70 and a two-hundred day simple moving average of C$64.85. The company has a debt-to-equity ratio of 30.62, a current ratio of 1.96 and a quick ratio of 1.77. Newmont has a 1-year low of C$39.96 and a 1-year high of C$81.16.

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.