Raymond James Has Pessimistic View of Newmont Q4 Earnings

Newmont Co. (TSE:NGT) – Research analysts at Raymond James decreased their Q4 2024 earnings per share estimates for Newmont in a note issued to investors on Monday, January 27th. Raymond James analyst B. Macarthur now expects that the company will earn $1.20 per share for the quarter, down from their previous estimate of $1.21. 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 $1.11 EPS and Q4 2025 earnings at $1.08 EPS.

NGT has been the topic of several other reports. Citigroup lowered 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 report on Monday, December 23rd. The Goldman Sachs Group raised Newmont to a “strong-buy” rating in a research note on Monday, January 13th. CLSA upgraded Newmont to a “hold” rating in a research report on Friday, November 29th. UBS Group lowered Newmont from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Scotiabank downgraded Newmont from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$56.50.

Newmont Price Performance

Shares of TSE NGT opened at C$59.53 on Tuesday. The company’s fifty day moving average is C$57.50 and its two-hundred day moving average is C$64.95. The company has a debt-to-equity ratio of 31.20, a quick ratio of 1.77 and a current ratio of 2.11. The firm has a market capitalization of C$68.46 billion, a P/E ratio of -15.71, a PEG ratio of 1.43 and a beta of 0.51. Newmont has a one year low of C$39.96 and a one 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.