Scotiabank Weighs in on Newmont’s FY2025 Earnings (TSE:NGT)

Newmont Co. (TSE:NGT) – Investment analysts at Scotiabank reduced their FY2025 earnings estimates for shares of Newmont in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst T. Jakusconek now expects that the company will post earnings of $4.09 per share for the year, down from their prior estimate of $4.85. The consensus estimate for Newmont’s current full-year earnings is $5.51 per share. Scotiabank also issued estimates for Newmont’s FY2026 earnings at $3.69 EPS.

Several other equities research analysts also recently weighed in on the stock. Citigroup cut their target price on shares of Newmont from C$66.00 to C$45.00 and set a “buy” rating on the stock in a research note on Monday, December 23rd. The Goldman Sachs Group raised shares of Newmont to a “strong-buy” rating in a research note on Monday, January 13th. CLSA raised shares of Newmont to a “hold” rating in a research note on Friday, November 29th. Finally, National Bankshares upped their target price on shares of Newmont from C$75.00 to C$80.00 and gave the stock a “sector perform” rating in a research note on Wednesday, March 19th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$62.50.

Newmont Price Performance

Newmont stock opened at C$67.90 on Monday. Newmont has a 1 year low of C$45.99 and a 1 year high of C$81.16. The company’s 50 day simple moving average is C$63.27 and its 200-day simple moving average is C$64.16. The company has a market capitalization of C$54.01 billion, a price-to-earnings ratio of -44.86, a price-to-earnings-growth ratio of 1.43 and a beta of 0.51. The company has a debt-to-equity ratio of 30.62, a quick ratio of 1.77 and a current ratio of 1.96.

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.